Union Budget 2024: Government Shifts Focus From Targeted Disinvestment To Capital Receipts

#UnionBudget2024 #Budget2024 #FMNirmalaSitharaman #PublicSectorEnterprisesPolicy #InterimBudget
The Centre plans to continue the approach introduced in the last interim budget in February by not setting specific disinvestment targets in the full Budget to be presented this July. Instead, disinvestment will be categorized under capital receipts, as it was earlier this year. "We have already changed the disinvestment strategy by letting go of the target. The budget item of other capital receipts will list both disinvestment and the asset monetisation pipeline under one category," a government official said. The Public Sector Enterprises policy, part of the Aatmanirbhar Bharat initiative announced in 2020, aims to minimize the government’s presence in such undertakings, including financial institutions, and open up new investment opportunities for the private sector. This policy categorizes sectors into strategic and non-strategic categories. Strategic sectors include Atomic Energy, Space and Defence, Transport and Telecommunications, Power, Petroleum, Coal, Banking, Insurance, and financial services. In these sectors, the public sector will maintain only a minimal presence. The remaining CPSEs in these sectors will be privatized, merged, subsumed into other CPSEs, or closed. In non-strategic sectors, CPSEs will either be privatized or shut down. Catch Karishma Asoodani for a detailed report on Disinvestment.

#CPSE #AatmanirbharBharat #PrivateSector #IndiaGrowth2024 #SocialWelfareBudget #BudgetImpact #FiscalPolicy #IndianEconomy #ModiGovernment #DefenseBudget #MarketLive #MarketStrategy #MarketLive #MarketExpert #MarketTrends #BusinessNews #IPONews #ProtfolioMaking #MarketUpdate



-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
Website: https://www.businesstoday.in
WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I
Facebook:   / businesstoday  
twitter:   / business_today  
Instagram:   / business_today