Budget 2019: Disinvestment target for FY20 raised to 1,05,000 crores

The finance minister today raised the disinvestment target to a little over a lakh of crores for the current fiscal. The government had set a target of Rs 90,000 crore in the interim Budget.

Announcing that the strategic sales of some CPSEs will continue, she said that in the current environment the government will re-initiate strategic disinvestment not only for Air India but for other CPSEs as well.

The increase in disinvestment target shows that the government is relying on proceeds from selling its stake in CPSEs to boost its revenue in the light of uncertainty over tax collection especially the GST.