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Budget report card FY21: Here’s a look at the divestment math

Updated : January 18, 2021 06:12 PM IST

In the special segment ‘Budget Report Card’, CNBC-TV18 takes stock of the ambitious divestment target of over Rs 2 lakh crore set by the government in the last Budget.

The government is likely to garner slightly over Rs 22,000 crore by this week. However, the 2.10 lakh crore target was inclusive of strategic divestments, a LIC listing and government stake sale in IDBI Bank, which has not happened so far.

Covid-19 also had a major impact on the strategic divestment plans of the government, with not a single transaction this fiscal. However, the government brought transactions like Air India, BPCL, Shipping Corporation of India (SCI) and Bharat Earth Movers to the expression of interest (EoI) stage. While EoIs for CONCOR, Nilanchal Ispat are yet to be invited.

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