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Informist, Saturday, Feb 1, 2025

--BUDGET: FY26 divestment, monetisation receipts pegged at INR 470 bln 

--BUDGET: FY25 divestment, monetisation receipts revised to INR 330 bln 

MUMBAI/NEW DELHI – The government on Saturday said it aims to raise INR 470 billion from divestment of its stake in public sector undertakings and asset monetisation in 2025-26 (Apr-Mar), up from the revised estimate of INR 330 billion for the current fiscal year. The Budget for FY25 had projected the receipts from divestment and asset monetisation at INR 500 billion. 

So far in FY25, the government has received INR 86.25 billion by offloading minor stakes in Cochin Shipyard Ltd., Hindustan Zinc Ltd., and General Insurance Corp of India, and remittance from Specified Undertaking of UTI. The government had raised INR 331.22 billion as miscellaneous capital receipts against the target of INR 300 billion in FY24.

The government discontinued the practice of giving a specific target for divestment receipts in the Interim Budget for FY25. The government had said keeping a fixed divestment target was difficult due to market volatility. Prior to FY24, the government had met its divestment target in only two out of the previous 10 years.  End 

Reported by Krity Ambey and Vidhushi RajPurohit

Edited by Saji George Titus

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