The government is likely to fix disinvestment target for the next fiscal at not less than 30,000 crore rupees, the target for the current fiscal. Talking to reporters after addressing an investors meet in Hong Kong, Finance Minister P Chidambaram today said that he has not drawn up the size of next year's programme, but preliminary thoughts are that it will not be less than this year. The Finance Minister is scheduled to present the Union Budget on February 28 wherein he is likely to announce the disinvestment target for the 2013-14 fiscal.In the current fiscal, the government has budgeted to raise 30,000 crore rupees through disinvestment of public sector units. So far this fiscal, it has been able to raise over 6,900 crore rupees. The government has already identified 10 PSUs, including Oil India, NTPC, Bhel and SAIL for selling minority stake. Chidambaram said he has got Cabinet approval to continue disinvestment programme for the next few years. On challenges to the growth, he said the biggest challenge is to "walk the talk and staying on the course" of reforms.
News On AIR | January 23, 2013 9:46 AM
Disinvestment target for next fiscal not less than current target: Chidambaram