Budget 2022: FY23 disinvestment receipts pegged at Rs 65K cr; receipts for current year cut to Rs 78K cr
India TV NewsHighlights The big-ticket disinvestment of Life Insurance Corporation is in the works The government has missed the disinvestment target for three consecutive years In 2020-21, the government had mopped up Rs 37,897 crore The government's receipt from disinvestment proceeds in the next financial year beginning April has been pegged at Rs 65,000 crore, lower than the current year's estimated mobilisation of Rs 78,000 crore. With budgeted disinvestment targets rarely met, Finance Minister Nirmala Sitharaman's fourth Budget drastically reduced the receipts to an achievable Rs 78,000 crore in the current fiscal, from Rs 1.75 lakh crore budgeted earlier. In 2020-21, as against the budgeted disinvestment target of Rs 2.10 lakh crore, the government had mopped up Rs 37,897 crore. In 2019-20, the disinvestment receipts stood at Rs 50,298 crore, lower than the Revised Estimates of Rs 65,000 crore and Budget estimate of Rs 1.05 lakh crore.