Union Budget 2021 Modi Government Announces Disinvestment Revenue Target 175 Lakh Crore From Bpcl Sci Lic Air India Idbi In 2022 – Budget 2021: Disinvestment in these government companies, know which companies will end government rights


Disinvestment in these government companies
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Finance Minister Nirmala Sitharaman presented the Union Budget today. During this, he informed that the government has set a target of raising Rs. 2 lakh crore from disinvestment in the financial year 2021-22, which is about Rs. 35 thousand crore less than the previous financial year 2020-21. Significantly, in the last budget, the government had targeted to raise 2.1 lakh crore rupees from disinvestment.

The Finance Minister said in his budget speech that the government has a plan to raise Rs 1.75 lakh crore from disinvestment. So far, decisions have been taken regarding disinvestment in some government companies, which will be completed in the financial year 2021-22. Nirmala Sitharaman said that disinvestment in BPCL, Air India, CONCOR, IDBI and SCI could be signed in the next financial year. Apart from this, LIC’s IPO also plans to be launched in the next financial year. Apart from this, in view of the boom in the stock market, the central government can also sell its stake in some CPSEs through Offer for Sale. At the same time, other privatization deals are also expected to be completed in the new financial year. According to the information, the government has prepared to sell its entire stake (52.98 per cent) i.e. 114.91 crore shares in BPCL. BPCL is the second largest oil company in the country, with a strong balance sheet. The company has always been giving profits to the government. Actually, BPCL has around 17 thousand 138 petrol pumps across the country. The government has announced that the management control of the company will also be transferred to the strategic buyer of BPCL. This means that the ownership of the company will also go to the buyer. Explain that the government can get around 60 thousand crore rupees by selling BPCL. Significantly, the state-run airline Air India is in debt. In such a situation, the government wants to get rid of it. Let us know that in the year 2020, the government made several bids to sell to Air India, but the buyer was not found. It is expected that the government will be able to sell it in the next financial year. Significantly, Air India currently has a loan of Rs 60 thousand 74 crore, but after the acquisition, the buyer will have to pay only 23 thousand 286.5 crore.

Finance Minister Nirmala Sitharaman presented the Union Budget today. During this, he informed that the government has set a target of raising Rs. 2 lakh crore from disinvestment in the financial year 2021-22, which is about Rs. 35 thousand crore less than the previous financial year 2020-21. Significantly, in the last budget, the government had targeted to raise 2.1 lakh crore rupees from disinvestment.

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