Reserve Bank of India's Rs 2.1 lakh crore dividend payout reduces the need for significant divestment, allowing the government to maintain the Rs 50,000 crore target.
The Reserve Bank of India's Rs 2.1 lakh crore dividend payout will limit the need for significant divestment, according to a domestic rating agency. The government will maintain the Rs 50,000 crore target on receipts from divestments set in the interim budget. The central government's comfortable fiscal position may reduce the urgency for big-ticket divestments, with asset monetisation being preferred if there's a shortfall in resource accretion. The Shipping Corporation of India's divestment is expected to be completed this year, with other potential candidates for outright sale including Pawan Hans and CONCOR.
July 04, 2024
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