Disinvestment Targets in Budget 2019-20 and progress so far

The government in Union Budget (2020-21) increased the disinvestment target from 1, 05,000 crore to 2,10,000 crore.

Progress thus far (till 20 January 2020)

  • Only 18,094 crores have been realised of disinvestment proceedings. Major PSUs which were set off were as following –
  1. Rail Vikas Nigam Limited – 475.89 crore via Initial Public Offering
  2. Central Public Sector Enterprise (CPSE) – Exchange Traded Fund (ETF) – 10000 crore via Further Fund Offer (FFO-5)
  3. IRCTC – 637 crore via FFO-2
  4. RITES – 10% share disinvested for 730 crore via Offer For Sale (OFS)
  5. Enemy Shares- 1881 crore (data up to Budget 2020-21)
  • Enemy property or shares are such assets that are managed or held on behalf of an enemy subject or an enemy company. Also, such assets include those that are left behind by individuals who have now shifted to China or Pakistan and are no longer Indian natives. These assets comprise land, buildings, shares held in companies, jewellery of the citizens of enemy countries.

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