Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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Rs. 2.1 lakh crore stake sale done in the last four years alone, data show
The NDA government, led by Prime Minister Narendra Modi, accounts for a whopping 58% of all the disinvestment that has taken place since 1991, an analysis by The Hindu of data released by the Department of Investment and Public Asset Management showed. The data showed that disinvestment worth Rs. 3.63 lakh crore had taken place since 1991, out of which about Rs. 2.1 lakh crore came in the last four years alone, with five months still left in this financial year. The disinvestment done by the current government so far is already almost twice that done by the UPA government over both its terms in power. In the number of deals too, the current NDA administration seems ahead with 75, compared with 33 in UPA-II. Further, the government has set a target of Rs. 80,000 crore of disinvestments for this financial year, of which it has so far achieved only Rs. 15,247.11 crore. If it does manage to meet its target, the present government’s share in total disinvestment since 1991 will go up to nearly 65%.
Source : https://www.thehindu.com/todays-paper/nda-govt-divested-twice-as-much-as-upa/article25534051.ece
