RBI's bumper dividend will reduce the need to dis-invest, target of Rs 50, 000-cr may stay in interim budget
RBI: RBI's bumper dividend has kept the central government's fiscal position comfortable. In such a situation, the need for big disinvestment may end. The government can sell its stake in the Shipping Corporation of India in the current financial year. This can get 12,500 to 22,500 crores.
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Record dividends of Rs 2.1 lakh crore from the RBI could also mean a reduced requirement of disinvestment in the current financial year. Care Ratings has said that against the run rate of most other receipts, the new government can maintain the target of Rs 50,000 crore set in the Interim Budget from disinvestment.
The rating agency said on Thursday that RBI's bumper dividend should keep the Central Government's fiscal position comfortable. In such a situation, the need for considerable disinvestment may end. Based on this, the government can sell its share in the Shipping Corporation of India in the current financial year. This can get 12,500 to 22,500 crores. Other possible divestments could be Concor and Pawan Hans. In the last ten years, the government raised Rs 5.2 lakh crore from disinvestment. Even though the government holds up to 51 percent stake in the companies, it can get up to Rs 11.5 lakh crore from the sale. The government is expected to reach Rs five lakh crore by selling a stake in central public sector enterprises.
