Status and Proceeds of Disinvestment
In the Union Budget for 2023-24, the government has set a disinvestment target of Rs.51,000 crore, down nearly 21% from the budget estimate.
- It is also the lowest target in seven years.
- Moreover, the Centre has not met the disinvestment target for 2022-23 so far.
- As of February 8, 2023, the government's disinvestment receipts stood at Rs.31,106.64 crores as against the budget estimate of Rs.65,000 crores.
About Disinvestment
- It means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets.
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