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Govt gets record Rs 46,247 crore through divestment in 2016-17

Govt gets record Rs 46,247 crore through divestment in 2016-17

Saturday, April 1, 2017, 6:55 AM

The government raised Rs.46,247 crore through divestment in 2016-17, exceeding the downward revised target for the financial year. This is the highest amount raised through disinvestment in a fiscal. The government had revised the disinvestment target from Rs.56,500 crore to Rs.45,500 crore in the budget presented on February 1 this year. Of this revised target, Rs 5,500 crore was to come from strategic sales.
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