https://www.taxtmi.com/news?id=3026 Disinvestment of a portion of Government shareholding in a CPSE is being considered with draft proposals circulated to ministries and no State consultation required; proceeds are routed to the National Investment Fund, whose income finances social sector schemes and capital investment in selected Public Sector Enterprises. A temporary exemption allowed full use of disinvestment receipts for specified social sector schemes for a multiyear period and has been extended, while the NIF corpus remains untouched and managed by fund managers; proceeds are being used for capital expenditure under social sector schemes. en-us Tue, 27 Mar 2012 18:58:13 +0530 Tue, 27 Mar 2012 18:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3026 Disinvestment of a portion of Government shareholding in a CPSE is being considered with draft proposals circulated to ministries and no State consultation required; proceeds are routed to the National Investment Fund, whose income finances social sector schemes and capital investment in selected Public Sector Enterprises. A temporary exemption allowed full use of disinvestment receipts for specified social sector schemes for a multiyear period and has been extended, while the NIF corpus remains untouched and managed by fund managers; proceeds are being used for capital expenditure under social sector schemes. News - Tue, 27 Mar 2012 18:58:13 +0530 https://www.taxtmi.com/news?id=3026