September 11, 2014 9:32 PM

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Govt may exceed earnings target if expected revenue from stake sale in 3 PSU's realised

Government can exceed its target of earnings from disinvestment in public sector companies in the current financial year if the revenue expected from sale of shares in Coal India Limited, NHPC and ONGC is realised. Yesterday, the Cabinet Committee on Economic Affairs (CCEA) approved the sale of stake in the three companies to garner about Rs 44,000 crore. The government has set a target of Rs 43,425 crore from stake sales in public sector companies in the current financial year. It had missed its disinvestment target for five consecutive financial years. Last year, it could raise only Rs 16,027 crore against a budgeted target of forty thousand crore rupees.

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