The Centre in the upcoming Budget may stick to its capital-receipts target of 50,000 crore in 2024-25 (FY25) on account of disinvestment, asset monetisation, and other capital receipts, continuing its new calibrated approach to asset-sale strategy, according to official sources.
Further, the focus will remain on the strategic sale of IDBI Bank. However, the transaction could spill over to FY26, given the process involved, sources said.
In the Interim Budget in February, the Centre had reworked its strategy on capital management. For the first time, it did not explicitly mention the disinvestment target for FY25. It had set a target of 50,000 crore under miscellaneous capital receipts.
This story is from the June 27, 2024 edition of Business Standard.
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This story is from the June 27, 2024 edition of Business Standard.
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