Now Reading: Centre raises Rs 59,083 crore from PSU sales, asset sales in FY27 so far
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Centre raises Rs 59,083 crore from PSU sales, asset sales in FY27 so far
Centre raises Rs 59,083 crore from PSU sales, asset sales in FY27 so far
The Centre has raised Rs 59,083 crore from disinvestment and asset monetisation in FY27 so far, exceeding the Rs 80,000 crore target set for miscellaneous capital receipts, Minister of State for Finance…
The Story in Brief
The Centre has raised Rs 59,083 crore from disinvestment and asset monetisation in FY27 so far, exceeding the Rs 80,000 crore target set for miscellaneous capital receipts, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha. The amount includes Rs 52,716 crore from disinvestment through offer for sale of PSUs including LIC, Coal India and NHPC, and Rs 6,367 crore from asset monetisation.
In FY26, the government collected Rs 45,306 crore from these sources, surpassing the revised estimate of Rs 33,837 crore. That year, disinvestment receipts stood at Rs 16,886 crore, while asset monetisation brought in Rs 28,420 crore. The improved revenue is expected to cushion the impact of the West Asia conflict on the domestic economy, Business Today reports.
The Indian Opinion
The government's narrative stresses disciplined fiscal management, yet the fine print shows a heavy reliance on one-off PSU sales and asset monetisation to plug the gap. The Rs 80,000 crore target for this year looks achievable, but only because of blockbuster LIC OFS. Last year's Rs 16,886 crore from disinvestment was lower than FY23's Rs 35,294 crore. Citizen must watch whether the government can meet next year's fiscal deficit target of 4.3% without such windfalls, and without cutting capital expenditure that drives growth.
Sources (3): businesstoday.in, timesnownews.com, thehindubusinessline.com
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
