DISINVESTMENT RECEIPTS. In a break from the past, this term went missing in the Interim Budget 2024-25. It was replaced by a category called “miscellaneous capital receipts” with a target of ₹50,000 crore for FY25. A closer reading of the fine print of the Budget documents reveals that this includes “receipts on account of management of equity investments and public assets through various mechanisms”.
This fresh categorisation is seen to reflect the government’s strategy of a measured approach to stake sales and dividends from central public sector enterprises (CPSEs). This approach ensures that CPSEs are not just seen as a means to raise revenue, but the government also takes measures to enhance and improve their productivity and management. The stance is likely to continue in the Union Budget.
Despite concerns about the impact of coalition politics and regional allies on strategic stake sales, it is business as usual for the government. According to senior government sources, the current policy on disinvestment and strategic sales of CPSEs will continue, at least for now. The Union Budget 2024-25, too, is likely to maintain the ₹50,000-crore disinvestment target. Asset monetisation, which has seen reasonable success in recent years, too, will continue.
Together, these will ensure that the central government continues to have sufficient fiscal space to undertake expenditures while maintaining fiscal discipline.
Esta historia es de la edición August 04, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 04, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
RIDERS OF THE STORM
As extreme weather events rise, the demand for parametric insurance is growing among companies looking to hedge against climate-related risk in their portfolios. How successful will this be?
CLIMATE CHANGE ON MY PLATE
Frequent heatwaves, high night-time temperatures, unseasonal rains, and floods are impacting cropping cycles and food prices adversely. Food inflation, once a seasonal issue, is now a persistent problem hitting consumer demand. Is there a solution in sight?
"We will cross ₹10,000 crore in FMCG revenues by 2027"
Angshu Mallick, MD & CEO of Adani Wilmar Ltd, on the company's plans, the FMCG business, and more
PSUs PROPEL TO PROFITS
PUBLIC SECTOR UNDERTAKINGS (PSUS), ONCE CONSIDERED WHITE ELEPHANTS, HAVE MANAGED TO STAGE A SMART TURNAROUND IN RECENT YEARS WITH INITIATIVES AND REFORM MEASURES TAKEN BY THE GOVERNMENT BEARING FRUIT
REIMAGINING DIAGEO INDIA
AFTER ACQUIRING UNITED SPIRITS IN 2014 AND CLEANING UP ITS BALANCE SHEET, UK-BASED ALCOBEV GIANT DIAGEO IS BUSY CONSOLIDATING ITS POSITION IN INDIA THROUGH A FOCUS ON PREMIUMISATION, STRATEGIC BUYOUTS, AND INNOVATION
Reasons To Be Bullish
The building blocks are in place for 7-8% growth for a prolonged period; India’s focus should be on sustaining this momentum to become a developed nation
India's Stock Market Revolution
India is on the way to a 45-trillion stock market, fuelled by rising investor participation, technological advancements, and economic growth
"Giving up is easy... fight harder"
As a working mother, the challenges are many but for me the toughest was emotional pain or ‘mom guilt’.
A PRESCRIPTION FOR CAPITALISM
PART ECONOMIC HISTORY AND PART COMMENTARY ON RECENT ECONOMIC EVENTS, SHARMA’S BOOK IS ALMOST A FLY-ON-THE-WALL ACCOUNT, AT TIMES
PASSION PLAY
If you're serious about photography or crazy about gaming, here are two devices that will help you indulge in your passion