Govt raises divestment target to Rs 1.05 lakh cr for FY20

Strategic divestment of select public sector undertakings will remain a priority area, she said.

Illustration: Uttam Ghosh/Rediff.com

The government has increased divestment target to over Rs 1 lakh crore for the current financial year, Finance Minister Nirmala Sitharaman said while unveiling the Union Budget 2019-20.

In February this year, the government while presenting the Interim Budget 2019-20 had pegged the divestment target at Rs 90,000 crore.

Strategic divestment of select public sector undertakings will remain a priority area, she said.

The government proposed to enhance the divestment target to Rs 1.05 lakh crore for the current financial year, she said.

• Union Budget 2019