Nirmala cuts divestment target, govt banks on big LIC premium
The Times of India Delhi|February 02, 2022
The Centre has set a modest target of raising Rs 65,000 crore from stake sales in state-run companies during 2022-23 and revised downwards the receipts this year to Rs 78,000 crore from the earlier estimate of Rs 1.75 lakh crore. For 2022-23, the target is 16.6% lower than the revised target for the current fiscal.
Nirmala cuts divestment target, govt banks on big LIC premium

New Delhi: Finance minister Nirmala Sitharaman expressed confidence that listing of Life Insurance Corporation will happen shortly, which means the government is aiming to raise much of the Rs 78,000 crore target from the LIC IPO. So far, the Centre has raised Rs 12,030 crore from disinvestments of state-run entities. Another Rs 42,201 crore has come in as dividend receipts.

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