Hopeful of meeting govt divestment target: Gopalan

The government is still hopeful of meeting the share sale target of Rs 400 billion (USD 8.2 billion) budgeted for the current fiscal year that ends in March, economic affairs secretary, R. Gopalan, said on Wednesday.

September 28, 2011 / 14:37 IST

26 Aug, 2025 12:21

Volume

Todays L/H

The government is still hopeful of meeting the share sale target of Rs 400 billion (USD 8.2 billion) budgeted for the current fiscal year that ends in March, economic affairs secretary, R. Gopalan, said on Wednesday.

The BSE Sensex is down nearly a fifth this year and has prompted the government to hold back on asset sales. Earlier this month, the government deferred the follow-on public offer plan in state-run energy major ONGC.

The inability of the government to go ahead with asset sales has raised doubts over its ability to meet the budgeted fiscal deficit target of 4.6% in the current year.

first published: Sep 28, 2011 11:30 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347