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Budget 2019: Govt readies two-pronged strategy to push divestment, asset monetisation of PSUs

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The government is planning to present a two-pronged strategy in the upcoming Union Budget to push divestment and asset monetisation in the public sector enterprises, sources told CNBC-TV18.

The government is planning to present a two-pronged strategy in the upcoming Union Budget to push divestment and asset monetisation in the public sector enterprises, sources told CNBC-TV18.
The government will on priority offload shares of a dozen listed PSUs, where the norm of 75 percent of public shareholding has not been met, they added.
Earlier this month, the Department of Investment and Public Asset Management (DIPAM) has sought Expression of Interests (EoI) from international property consultancy firms or normal consultants to offer advisory services in its CPSE land and building asset monetisation drive to set the process of non-core asset selling to generate revenues.
Sources added that Niti Aayog has chalked out a plan to monetise the assets of PSUs as part of a plan to release more capital. The plan included assets such as lands, building, roads and pipelines.
However, there are some differences between the finance ministry and Niti Aayog over the asset monetisation plan. Finance ministry has expressed some reservation on Niti Aayog's proposed plan.
DIPAM raised Rs 2,350 crore in the first two months of the current financial year, against a disinvestment target of Rs 90,000 crore has been set. In 2018-19, it raised Rs 84,972.16 crore against the budgeted target of Rs 80,000 crore.

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Adani Ports694.35 47.45
Bajaj Auto4,167.10 113.20
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