Budget 2024 Disinvestment Expectations: Will it be curtains for strategic sale of public assets under Modi 3.0?

economictimes.indiatimes.com:

Union Budget Expectations: The Modi government, in its first Budget of the third term, is expected to stick to the disinvestment target set for this fiscal year in the interim Budget. Finance minister Nirmala Sitharaman set the target for 2024-25 at Rs 50,000 crore. However, in the Interim Budget tabled in February, the 2023-24 disinvestment estimate was revised downward to Rs 30,000 crore from the previously budgeted Rs 51,000 crore.

Ahead of the full Budget for 2024-25, scheduled for July 23, SBI Research has suggested that the government may take a clear stance on the disinvestment of public sector banks (PSBs). The report, led by Soumya Kanti Ghosh, Group Chief Economic Adviser at SBI, emphasised the need for a concrete roadmap to attract capital and boost confidence in financial institutions.

A recent CareEdge Ratings report noted a total disinvestment potential of approximately Rs 11.5 trillion at current market capitalization, assuming the government retains at least a 51 per cent stake in these public enterprises. Public sector enterprises could contribute around Rs 5 trillion, while public sector banks and insurance firms could potentially add another Rs 6.5 trillion.

Also Read: Can India afford to give aam aadmi the big tax relief it seeks?

Budget 2024 Disinvestment Expectations: Will it be curtains for strategic sale of public assets under Modi 3.0?

Modi govt may cut budget deficit target after revenue boost

Modi put up tariff walls. Now Budget must bring them down

Has the weaker mandate for BJP opened