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Crawling on disinvestment front

Source : BUSINESS_STANDARD
Last Updated: Sun, Nov 04, 2012 20:00 hrs

The government is off to a slow start to the disinvestment programme for 2012-13. Of the Rs 30,000 crore that has to be achieved this financial year, less than one per cent has gone into the government’s kitty.

Although no share-sale has taken place this year, the National Buildings Construction Corp’s initial public offering (IPO), which hit the market towards the end of last financial year, is counted in this year's disinvestment, as the issue proceeds came to the exchequer only this year.

Apart from this, there has been hardly any action, barring a false start (RINL IPO). With less than five months to go for the financial year to end, there is a high likelihood that the government, just like the previous two financial years, may fall short of the target this year, too




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