No target for disinvestment proceeds, says Shourie

BANGALORE: Disinvestment Minister Arun Shourie on Friday indicated that the government had virtually discarded the Rs 12,000 crore target to be realised from disinvestment proceeds in the current financial year, saying lack of unanimity on the process was hurting the efforts.
"Court cases...state government saying one thing or the other...what is the point in having a target ?...I do not now regard any figure as a target,� Shourie told reporters on the sidelines of an Open House on Exim Policy here.
"Unless everybody puts his shoulder to the same wheel, no target can be achieved,� he added.
"If we pursue a target, you will say we are doing so just to bridge the fiscal deficit,� he said.
In response to a question he said around Rs 3,500 crore had so far been realised from disinvestment in the current fiscal.