https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Government Targets Rs 50,000 Crore from Disinvestment and Asset Monetization in FY25

The Central government aims to raise Rs 50,000 crore through disinvestment and asset monetization, while projecting a significant increase in dividends from PSUs and financial institutions,
Indian Masterminds Stories

The Central government plans to raise Rs 50,000 crore through disinvestment and asset monetization, according to Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM). Additionally, the government expects Public Sector Undertakings (PSUs) to pay out Rs 52,260 crore in dividends in 2024-25. This is higher than the Rs 48,000 crore estimated in the interim budget of February 2024.

The budget also projects a significant increase in dividends from the Reserve Bank of India (RBI), banks, and financial institutions, totaling Rs 2,32,874 crore for FY25. This is more than double the interim budget estimate of Rs 1.02 lakh crore, mainly due to a substantial windfall dividend of Rs 2.11 lakh crore from the RBI.

The budget documents also indicate that the government has set a target of Rs 50,000 crore for capital receipts, the same amount allocated in the interim budget. The revised estimate for the previous fiscal year is Rs 30,000 crore. Pandey mentioned that the Rs 50,000 crore includes expected proceeds from the disinvestment of Central Public Sector Enterprises (CPSEs) and asset monetization efforts.


Indian Masterminds Stories
Related Stories
NEWS
burglary_intruder
Odisha: Locals Are Flummoxed After Burglars Break Into IAS Prasanth Reddy's Official Abode In Bhubaneshwar
news_4thnov24
SAIL & ASCI Hyderabad Enter Into An MoU To Develop Customized Management Development Programs For SAIL Executives
image_news
Coal India Limited Celebrates Its 50th Foundation Day At Kolkata HQ, Union Coal Minister G Kishan Reddy & Coal Secy Vikram Dev Dutt Grace the Event
BEML-Limited
Bharat Earth Movers Limited Bags "Self Certification" Status
AnyConv
Maharashtra: DGP Rashmi Shukla Removed Ahead of Elections; Senior IPS Officer to Take Charge
Indian Railways
Indian Railways Set to Launch 'Super App' in December to Revolutionize Passenger Services
Andhra Pradesh govt
Andhra Pradesh: Govt Transfers Senior IAS Officers, G. Lakshmisha Made Collector, NTR District
government-of-haryana
Haryana: Major Administrative Reshuffle, 27 IAS Officers Transferred, CG Rajini Kaanthan Made Secy, Finance Dept
Videos
Sujoy Banerjee
How Sujoy Banerjee Rescued India’s Endangered Crocodiles in Chambal
Prakash Singn IPS
Mulayam Singh Introduced Casteism in Police Force
WhatsApp Image 2024-10-25 at 21.23
Why Only Soldiers? Can’t Politicians or Civilians Sacrifice Too?
ADVERTISEMENT
Latest
WhatsApp Image 2024-11-04 at 16.54
Ganga’s Daughters: BSF’s All-Women Rafting Expedition Sets Sail for Clean River and Empowerment
burglary_intruder
Odisha: Locals Are Flummoxed After Burglars Break Into IAS Prasanth Reddy's Official Abode In Bhubaneshwar
ADVERTISEMENT
Videos
Sujoy Banerjee
Prakash Singn IPS
WhatsApp Image 2024-10-25 at 21.23
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT