slide

The Government of India is likely to miss its divestment target for the fourth year in a row.


The divestment target was set as 65,000 crore for FY23 but only 31,000 crore has been raised so far.

The biggest contribution- where the government sold a 3.5% stake at 949 per share and raised 21,000 crore.

 Other major sources of divestment proceeds included the privatisation of Air India and the share sale of ONGC.

In FY22 as well, the government missed its original target as well as its revised target by a huge margin.

Recently, Dipam suggested that dividends from PSUs be accounted as disinvestment collections.

Companies like Tata Steel, Adani group and JSW Steel are interested; which is likely to be divested by the end of January.

The government has invited bids to sell its stake in IDBI Bank, which will stretch well into the next financial year.

Click here to know more about Budget 2023.

What to expect from budget 2023?

In the last Budget, the government had set a divestment target of  <span class='webrupee'>₹</span>65,000 crore for FY23 and so far, it has raised only around  <span class='webrupee'>₹</span>31,000 crore, which is just a little over 50 percent of its original target.

Prabhudas Lilladher advises buying Jubilant FoodWorks; sees 20% upside – here's why

Budget 2023: Government likely to miss divestment target for 4th straight year

Budget 2023: How the announcements impact the stock market — an explainer

Budget 2023 Expectations: What are the key things for retail investors to look out for?

Budget 2023 Expectations: Govt may raise allocation for existing PLI schemes, says report

Budget 2023 Expectations: 3 market experts share what they expect and what investors should do

Budget 2023 Expectations: From capex push to direct tax changes, here's what top analysts expect

Meme Of The Day: Bulls, bears and retail investors

Rupee firms but shy of breaching key level; traders see upside

Analysis: Why QSRs are trending big after COVID and what's in store for them going ahead

India is still quite an under-penetrated market with 3 stores per million population vs China’s 13 stores per million (six stores in 2013).

Why is front running unethical and what can be done to prevent it? An explainer

Front running is a type of market manipulation in which a broker or trader executes a trade on behalf of a customer and then trades ahead of that customer's order to benefit from the ensuing price movement.

Financial Literacy Month: How do you push yourself to achieve financial success?

April marks National Financial Literacy Month, meaning it is time to gear up, learn some monetary nuances, and get used to some financial jargon that you may unknowingly apply in your daily life.

Weekend Wrap: From LIC to Adani Power; Top news and market movers this week: 31 March 2023

<ul><li>From top newsmakers to market performance, here's the market wrap for the week ended 31 March 2023.</li></ul>

Adani stocks lose m-cap this week; Adani Enterprises sole positive contributor

<ul><li>On Friday's session, Adani Enterprises Ltd, Adani Power Ltd, and Adani Wilmar Ltd ended in the green, while the rest, Adani Transmission Ltd, Adani Ports &amp; Special Economic Zone Ltd, Adani Green Energy Ltd, Adani Total Gas Ltd ended in the red.</li></ul>

What to expect from budget 2023?

Topics to follow

Latest News

markets

markets

personal finance

markets

markets