Prime Minister Narendra Modi will address a key webinar on the implementation of Budget announcements with regards to disinvestments this evening at 5:30 P.M. Finance Minister Nirmala Sitharaman along with representatives from various other key ministries including members from the Department of Investment and Public Asset Management (DIPAM) and experts from the private sector will also be attending the meet.

The Centre proposed a divestment target of one lakh 75 thousand crore rupees for the upcoming financial year in its Budget including divestment of its holdings in the Life Insurance Corporation of India (LIC) through an Initial Public Offering (IPO).

As part of the Atmanirbhar Bharat package announced last year, the government had announced increased participation of the private players in key strategic areas including atomic energy, space and defence, transport and telecommunications, power, petroleum, coal and other minerals and banking, insurance and financial services.