The Indian government has earned about Rs 16,500 crore ($1.98 billion) by selling partial stake in a total of 10 PSU companies in the financial year 2023-24. This information has come out from official data. However, this figure is 9 percent less than the government’s internal stake sale figure of Rs 18,000 crore.
News agency Reuters reported that the first phase of general elections 2024 in India is going to start from April 19. Because of this, the central government has put its personalization objective on hold for the time being.
In which companies did you sell stake?
In the last financial year, the government did not disinvest any big government company. Rather, many small transactions have been done. This included OFS etc. and money has been raised by the government by selling stake in companies like Coal India, Rail Vikas Nigam Limited, SVJN, HUDCO, IRFC, IREDA and IRCON International and NLC India.
Let us tell you, this is the fourth consecutive time. When the government has not been able to meet its disinvestment target. In the last decade of rule, the Modi government has been able to meet its disinvestment target only twice. The last time the government achieved the disinvestment target was in 2019. It was told in the report that for this reason the government has not set any target for disinvestment for the current financial year.
mill dividend of 63000 crores
Government companies had registered record profits in the last financial year. The government has got the benefit of this in the form of profit. According to government data, the government has received a record dividend of Rs 63,000 crore from PSUs in the financial year 2023-24.
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