
Road, power in ₹26,000 cr worth asset monetisation in FY22: Dipam Secy
The monetisation agenda has been led by the roads sector, followed by power and mining.
The monetisation agenda has been led by the roads sector, followed by power and mining.
India needs to double capital expenditure on a medium-term basis, says Secretary, Department of Economic Affairs.
Robust steel demand and high prices are powering private steelmakers to vie for the public sector steel companies, which are up for sale under the Modi government's 2021-22 disinvestment plan.
While the pandemic slowed the process, systemic apathy bigger problem.
The merger and asset quality overhang may have kept its growth tepid, but it posted a higher-than-expected net profit of ₹506 crore in the third quarter.
The pandemic, ultimately, was unsuccessful in denting the country's capital raising confidence, as India Inc. raised over ₹1.88 lakh crore, beating the record of over ₹1.75 lakh crore raised in FY18.
Concor and Shipping Corporation of India, the two companies scheduled to go first off the blocks as part of India's divestment programme, have drawn excellent response from potential suitors.
Absence of new taxes, no tweaking of older ones, infrastructure capex focus, and stronger disinvestment intent boosts equity indices, with the Sensex recording its best Budget-day gains since 1997.
If the government moves fast on strategic sale, consolidation among various public sector units, and bringing down its stake to below 51% in CPSEs, it may achieve its disinvestment target.
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.