Centre to raise selloff bar
The Narendra Modi-government, which is almost certain to miss the divestment target by miles, is likely to set an ambitious target in budget 2020-21 as it expects to complete the strategic sales of BPCL and Air India in the next fiscal.
Officials in North Block have indicated that big-ticket strategic sales were unlikely to be completed by the end of this fiscal, which could leave a gap in the budgeted stake sale target by at least Rs 50,000 crore.
However, as a contingency measure, the finance ministry plans to sell government stakes in National Aluminium Co Ltd, Coal India Ltd, NTPC Ltd, NMDC Ltd, and NBCC (India) Ltd, the official said.
