Press Information Bureau

Government of India

Ministry of Finance

08-May-2012 18:53 IST

RS. 30,000 Crore Target for Disinvestment During 2012-13

The Budget Estimates from disinvestment have been estimated at Rs.40000 crore for the year 2011-12 and Rs.30,000 crore for the year 2012-13. The estimates were revised at RE stage to Rs.13,144.55 crore.

During 2011-12, an amount of Rs. 13,894.05 crore was realized from the disinvestment in Power Finance Corporation Limited and Oil and Natural Gas Corporation Limited. In 2012-13, till date, receipts are Rs.124.97 crore from disinvestment in National Building Construction Corporation Limited.

This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in Rajya Sabha today.

DSM/Hb

Disinvestment targets set for the budget year; revised estimates and actual receipts reported in parliamentary reply. The government set a disinvestment proceeds target in the budget for the upcoming year, with the prior year's Budget Estimate later reduced at the Revised Estimate stage. The release states realized disinvestment receipts in the prior year from two specified public enterprises and limited receipts so far in the current year from another specified enterprise. The information was supplied by the Minister of State for Finance in a written parliamentary reply.