With its stake sale in HPCL, the government’s disinvestment receipt will work out to be Rs91,252.6 crore. In the Union Budget presented on 1 February last year, finance minister Arun Jaitley had set the target of disinvestment in public sector units at Rs72,500 crore. This include Rs46,500 crore as disinvestment of CPSEs, Rs15,000 crore from strategic disinvestment and Rs11,000 crore from listing of insurance companies. In the budget for 2016-17, it had set a target of Rs56,500 crore from disinvestment. In the budget, the government had announced the fiscal deficit target for fiscal ending March 2018 at 3.2% of the GDP.

Source: Mint January 20, 2018 14:15 UTC