The Centre could further moderate its disinvestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales except some ongoing strategic ones, including IDBI Bank, which could spill over into next financial year. Also, it may drastically reduce its FY24 disinvestment target of ₹51,000 crore.
"We are still evaluating the Budget estimates for FY25. New big-ticket asset sales are unlikely. The focus will be on completing the ongoing deals," said a government source privy to the discussion. Global uncertainties had impacted investor sentiment, affecting previous timelines set for the completion of deals, said the source. The disinvestment target in the Budget Estimate (BE) for FY25 could be 15-20 per cent lower than FY24 BE, depending on the evaluation of the asset sales already in progress.
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Jay Shah takes over as ICC chairman
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CONSOLATION PRIZES
UN climate summit in Baku leaves the developing world with crumbs
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Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
