Centre confident of disinvestment target

Kelkar Committee report pegged the receipts from disinvestment this fiscal at Rs.10,000 crore, way below the budgeted target of Rs.30,000 crore. But the government appeared confident in raising Rs.25,000-30,000 crore through sell-off of the Centre’s equity in public sector undertakings (PSUs) and thereby remain as close as possible to the fiscal deficit target of 5.1 per cent of GDP (gross domestic product) set for the financial year. The disinvestment is purely based on the equity market conditions, so if the condition is good government will be able to achieve the target.
Appreciation of rupee will help reduce subsidy bill and contain inflation, says Economic Affairs Secretary Arvind Mayaram.