Government Kicks off Disinvestment Programme

As anticipated, the government of India has decided to disinvest stake from blue chips public sector companies – Coal India, OnGC and National Hydro Electric Power Corporation (NHPC) to generate Rs.45,000 crores. 

However, the dates were not finalized according to media reports. The cabinet committee has finalized the decision for disinvestment on Wednesday. 

The disinvestment process move by the government would help the economy to gain further momentum, as it has been reeling under the clutches of slow down. 

The shine in manufacturing sector and down in the inflation statistics would help the boost the growth path for the Indian economy. 

In his budget, the finance minister had proposed the disinvestment receipt of Rs. 58,000 crore during the current fiscal year. The government is on the path to meet is target for the disinvestment receipts for the current year. 

The sentiment of investors would be high as the government is seen keen on bring back the growth as well as the confidence of investors.