• The government has overshot its disinvestment target for the second consecutive year, according to the Ministry of Finance.
  • As against a target of ₹80,000 crore for disinvestment for the current year, the divestment receipts have touched ₹85,000 crore today.
  • The disinvestment proceeds this FY crossed ₹85,000 cr. against Revised Estimate of ₹80,000 cr.,”
  • For the second year in a row, DIPAM has exceeded the Revised Estimates.
  • During the current FY, DIPAM has realised the proceeds through 28 transactions.
  • In 2017-18, the government had earned a little more than ₹1 lakh crore from disinvestments against a target of ₹72,500 crore.
  • However, the official database of the Department of Investment and Public Asset Management (DIPAM) does not reflect the updated figures or sales yet.