Split Trap Center, 8 32,835 Crore., Betters revised estimates

The government has withdrawn ₹ 32,835 crore from CPSE’s share sale and buyback, thus exceeding the disinvestment target set in the Revised Estimates (RE) for the current financial year.

However, the realization is basically less than a record ₹ 2.10 lakh crore.

In RE, the target was reduced to ₹ 32,000 crore as COVID-19 delayed the planned big ticket disinvestment.

In a tweet, the Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey stated that the total DIPAM receipts in 2020-21 amounted to 85 71,857 crore, including disinvestment receipts of ₹ 32,835 crore and dividend receipts of ₹ 39,022 crore.

“Total dividend receipts from CPSEs have touched a figure of 22 39,022 crores in FY 2020-21, higher than the revised estimate (RE) of 17 34,717 crores, and actual dividend receipts (₹ 35,543 crores) during the last financial year. Is greater than, ”Sh. Pandey tweeted.

For the financial year 2021-22, the central government has set a disinvestment target of ₹ 1.75 lakh crore.