<p class="title">The government has set a target of Rs 90,000 crore to be mopped up from central public sector enterprises' (CPSE) share sale in the financial year 2019-20, higher than Rs 80,000 crore raised this fiscal.</p>.<p class="bodytext">The government, which has already raised around Rs 36,000 crore from disinvestment so far in the current fiscal, expects to raise another Rs 44,000 crore from share sale in state-owned companies in the two months till March 2019.</p>.<p class="bodytext">In the interim Budget 2019-20, Finance Minister Piyush Goyal said the NDA government has pursued the public enterprises' asset management agenda to make these enterprises accountable to the people.</p>.<p class="bodytext">"As many as 57 CPSEs are now listed with total market capitalisation of over Rs 13 lakh crore. The government received over Rs 1 lakh crore from disinvestment proceeds during 2017-18. We are confident of crossing the target of Rs 80,000 crore this year," Goyal said.</p>.<p class="bodytext">Department of Investment and Public Asset Management (DIPAM) Secretary Atanu Chakraborty said, historically about 45-55 per cent of CPSE share sale happens in the January-March quarter; and share sale plans are in place to meet the Rs 80,000 crore disinvestment target set for current fiscal ending March.</p>.<p class="bodytext">The government had mopped up a record over Rs 1 lakh crore in 2017-18 fiscal. This was higher than Rs 47,743 crore raised in 2016-17, Rs 42,132 crore in 2015-16 and Rs 32,620 crore in 2014-15.</p>
<p class="title">The government has set a target of Rs 90,000 crore to be mopped up from central public sector enterprises' (CPSE) share sale in the financial year 2019-20, higher than Rs 80,000 crore raised this fiscal.</p>.<p class="bodytext">The government, which has already raised around Rs 36,000 crore from disinvestment so far in the current fiscal, expects to raise another Rs 44,000 crore from share sale in state-owned companies in the two months till March 2019.</p>.<p class="bodytext">In the interim Budget 2019-20, Finance Minister Piyush Goyal said the NDA government has pursued the public enterprises' asset management agenda to make these enterprises accountable to the people.</p>.<p class="bodytext">"As many as 57 CPSEs are now listed with total market capitalisation of over Rs 13 lakh crore. The government received over Rs 1 lakh crore from disinvestment proceeds during 2017-18. We are confident of crossing the target of Rs 80,000 crore this year," Goyal said.</p>.<p class="bodytext">Department of Investment and Public Asset Management (DIPAM) Secretary Atanu Chakraborty said, historically about 45-55 per cent of CPSE share sale happens in the January-March quarter; and share sale plans are in place to meet the Rs 80,000 crore disinvestment target set for current fiscal ending March.</p>.<p class="bodytext">The government had mopped up a record over Rs 1 lakh crore in 2017-18 fiscal. This was higher than Rs 47,743 crore raised in 2016-17, Rs 42,132 crore in 2015-16 and Rs 32,620 crore in 2014-15.</p>