Government sets enhanced target of ₹ 1,05,000 crore of disinvestment during 2019-20 Strategic disinvestment of Air India proposed to be reinitiated More CPSEs proposed for strategic participation by private sector

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Government sets enhanced target of ₹ 1,05,000 crore of disinvestment during 2019-20 Strategic disinvestment of Air India proposed to be reinitiated More CPSEs proposed for strategic participation by private sector - Budget Dated:- 5-7-2019 - News - Ministry of Finance Posted On: 05 JUL 2019 1:42PM by PIB Delhi Government is setting an enhanced target of ₹ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1,05,000 crore of disinvestment receipts for the financial year 2019-20 said the Union Minister of Finance Corporate Affairs Smt. Nirmala Sitharaman while presenting the Union Budget 2019-20 in Parliament today. She further informed that Government will undertake strategic sale of PSUs and continue to do consolidation of PSUs in the non-financial space as well. She informed tha .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t the Government has been following the policy of disinvestment in non-financial public sector undertakings maintaining Government stake not to go below 51%. Government is considering, in case where the Undertaking is still to be retained in Government control, to go below 51% to an appropriate level on case to case basis. Government has also decided to modify present policy of retaining 51% Gover .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nment stake to retaining 51% stake inclusive of the stake of Government controlled institutions. The Finance Minister said that strategic disinvestment of select CPSEs would continue to remain a priority of this Government. In view of current macro-economic parameters, Government would not only re-initiate the process of strategic disinvestment of Air India, but would offer more .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CPSEs for strategic participation by the private sector. ****** DSM/RM/BB/RJ/SK/SK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X