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Disinvestment policy should look beyond current revenue collection

It should not be viewed as selling the family silver but for changing the structure of PSUs and improving their efficiency.

September 19, 2019 / 09:39 AM IST
Disinvestment policy should look beyond current revenue collection

The economic slowdown is hurting government revenue collections. Advance tax collection numbers show that the net direct tax mop-up so far this fiscal year is just 5 percent higher than a year ago. That’s far short of the 17.5 percent number the government is targeting. Indian companies are required to deposit 45 percent of their tax liability for the fiscal year by September 15. So the prognosis is not good for tax collections. Faced with this uphill climb on taxes,...

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