Home BUSINESS Split Trap Center, 8 32,835 Crore., Betters revised estimates

Split Trap Center, 8 32,835 Crore., Betters revised estimates

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Government. Originally budget of 2.10 lakh crores.

The government has withdrawn ₹ 32,835 crore from CPSE's share sale and buyback, thus exceeding the disinvestment target set in the Revised Estimates (RE) for the current financial year.

However, the realization is basically less than a record ₹ 2.10 lakh crore.

In RE, the target was reduced to ₹ 32,000 crore as COVID-19 delayed the planned big ticket disinvestment.

In a tweet, Investment Department and Public Asset Management Secretary Tuhin Kanta Pandey stated that the total DIPAM receipts in 2020-21 amounted to 85 71,857 crore, including disinvestment receipts of ₹ 32,835 crore and dividend receipts of ₹ 39,022 crore.

"Total dividend receipts from CPSEs have touched a figure of 22 39,022 crore in FY 2020-21, higher than the revised estimate (RE) of 17 34,717 crore, and actual dividend receipts during the last financial year (, 5 35,543 crore" ) Is greater than, "Sh. Pandey tweeted.

For the financial year 2021-22, the central government has set a disinvestment target of ₹ 1.75 lakh crore.

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