{"id":342783,"date":"2020-03-20T12:00:14","date_gmt":"2020-03-20T06:30:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342783"},"modified":"2020-03-20T12:35:13","modified_gmt":"2020-03-20T07:05:13","slug":"coronavirus-govts-asset-sale-of-lic-air-india-bpcl-to-be-delayed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-govts-asset-sale-of-lic-air-india-bpcl-to-be-delayed\/","title":{"rendered":"Coronavirus: Govt&#8217;s asset sale of LIC, Air India, BPCL to be delayed"},"content":{"rendered":"<p>The coronavirus outbreak has thrown the government\u2019s asset sale programme almost out of the window and an ambitious target of Rs 2.1 lakh crore for 2020-21 stares at a revision. In addition, the Centre is also set to miss the current year target of Rs 65,000 crore, which was revised downward. <\/p>\n<p>The sale of Air India, when global aviation has taken a huge hit, or Bharat Petroleum Corporation ltd (BPCL), when oil prices have crashed to a historic low, appears almost impossible in the next four to six months. <\/p>\n<p>The government had earlier this month invited bids to sell its majority stake in BPCL. Based on the current market capitalisation of Rs 87,388 crore, the government\u2019s stake of 52.98% was valued at around Rs 46,300 crore. But the slump in oil prices post Saudi Arabia\u2019s plan to shore up production, has rendered oil companies less competitive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The coronavirus outbreak has thrown the government\u2019s asset sale programme almost out of the window and an ambitious target of Rs 2.1 lakh crore for 2020-21 stares at a revision. In addition, the Centre is also set to miss the current year target of Rs 65,000 crore, which was revised downward. The sale of Air India, when global aviation has taken a huge hit, or Bharat Petroleum Corporation ltd (BPCL), when oil prices have crashed to a historic low, appears almost impossible in the next four to six months. The government had earlier this month invited bids to sell its [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-342783","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342783"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342783\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}