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Divestment nets Centre тВ╣32,835 cr., betters revised estimates

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Govt. originally budgeted тВ╣2.10 lakh cr.

The government has mopped up тВ╣32,835 crore from CPSE share sale and buybacks, thus exceeding the disinvestment target set in the revised estimates (RE) for the current fiscal.

The realisation is, however, lower than the record тВ╣2.10 lakh crore originally budgeted.

In the RE, the target was scaled down to тВ╣32,000 crore as COVID-19 delayed planned big-ticket disinvestment.

In a tweet, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said the total DIPAM receipts in 2020-21 stand at тВ╣71,857 crore, which include disinvestment receipts of тВ╣32,835 crore and dividend receipts of тВ╣39,022 crore.

тАЬTotal dividend receipts from CPSEs in FY2020-21 have touched тВ╣39,022 crore, which exceeds the revised estimate (RE) of тВ╣34,717 crore, and is more than actual dividend receipts (тВ╣35,543 crore) during the previous financial year,тАЭ Mr. Pandey tweeted.

For 2021-22 fiscal, the Union government has set a disinvestment target of тВ╣1.75 lakh crore.

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