Homeeconomy News

    FM exclusive on Budget 2022: Nirmala Sitharaman explains why divestment target is 'low'

    economy | IST

    FM exclusive on Budget 2022: Nirmala Sitharaman explains why divestment target is 'low'

    Mini

    Speaking to Rahul Joshi, Editor-in-Chief, Network18, Finance Minister Nirmala Sitharaman that disinvestment needs to happen with all the process and timing the disinvestment is important.

    Finance Minister Nirmala Sitharaman in the Union Budget 2022-23 announced a Rs 65,000 crore disinvestment target for the year. Explaining the reason behind a conservative disinvestment target, the finance minister in an exclusive interview with Rahul Joshi, Editor-in-Chief of Network18 said that many factors determine the disinvestment targets.
    "It is a question of recognizing disinvestment will have to happen with all the process and also the question of timing your disinvestment," the FM said.
    Sitharaman said that during COVID, the stock market was performing very well, but it is not just the stock market that decides on a public asset to be disinvested. “There are so many other factors. I have to take everybody on board and move,” she said.
    Also Read
    “It involves a lot of working together and taking a lot of people together and moving forward. So naturally, it does consume time,” the FM added.
    Stating that she is committed to the disinvestment plan, the finance minister confirmed the LIC IPO will be completed this year itself.
    For all the latest updates on FM Nirmala Sitharaman's exclusive interview, follow our LIVE blog here
    For full coverage of Union Budget 2022, click here
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng