logo
Difficult to project FY26 disinvestment mop-up at the moment: MoS for finance

Difficult to project FY26 disinvestment mop-up at the moment: MoS for finance

Economic Times2 days ago
ANI Minister of state for finance Pankaj Chaudhary
The government on Monday said it is 'difficult' to anticipate the precise amount of its disinvestment proceeds this fiscal, as the process hinges on a number of factors, such as administrative feasibility, market conditions, economic outlook and investor interest.
In a written reply in the Lok Sabha, minister of state for finance Pankaj Chaudhary said the FY26 budget estimate of Rs 47,000 crore under miscellaneous capital receipts indicates total mop-up from the government's management of equity investments and public assets through various mechanisms, and not just disinvestment.
Chaudhary also said the strategic sale process of IDBI Bank with management control transfer is in progress. For other state-run firms and banks, disinvestment through minority stake sale is carried out via methods approved by capital markets regulator Sebi from time to time.These methods are based on prevailing market conditions 'in order to unlock the value, promote public ownership and meet the minimum public shareholding to ensure higher degree of accountability'.'Profit or loss no criterion in divestment'
The minister also said the profitability or loss of a state-run company is 'not among the relevant criteria' for its privatization or strategic disinvestment.He said, 'The policy on strategic disinvestment/privatization is based on the economic principle that government should minimize presence in sectors, where competitive private sector has come of age and economic potential of such entities may be better discovered in the hands of strategic investor due to various factors such as infusion of capital, technological upgrade, efficient management practices, etc.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kiran Kher in trouble: Chandigarh admin issues Rs 13 lakh notice for unpaid govt house rent
Kiran Kher in trouble: Chandigarh admin issues Rs 13 lakh notice for unpaid govt house rent

United News of India

time12 minutes ago

  • United News of India

Kiran Kher in trouble: Chandigarh admin issues Rs 13 lakh notice for unpaid govt house rent

Chandigarh, July 23 (UNI) Former Bharatiya Janata Party (BJP) MP Kiran Kher has been served a notice by the Chandigarh administration for failing to clear a hefty outstanding licence fee of Rs 12,76,418. The dues pertain to a government house (T-6/23) allotted to her in Sector 7 during her tenure as an MP. The notice, issued by the Assistant Controller (F&A) Rents, was delivered to her residence at House No. 65, Sector 8-A, on June 24, 2025. The notice demands immediate payment of the pending amount, which includes the original licence fee (rent) along with substantial penalties of up to 100% and 200% on certain components. The administration has warned that failure to settle the dues within the stipulated time will attract an additional 12% annual interest on the total outstanding amount. Kher has been instructed to make the payment through a demand draft or bank transfer, but only after verifying the details with the cashier to ensure accuracy. This development has raised eyebrows, as Kher, a prominent public figure known for her contributions to both politics and the entertainment industry, now faces scrutiny over the unpaid dues. The administration's strict stance underscores its commitment to recovering outstanding amounts from allottees of government properties, regardless of their stature. UNI NB PRS

This country hits JACKPOT, may become super rich as scientists discover Iron Ore deposit worth Rs..., the country is...
This country hits JACKPOT, may become super rich as scientists discover Iron Ore deposit worth Rs..., the country is...

India.com

time12 minutes ago

  • India.com

This country hits JACKPOT, may become super rich as scientists discover Iron Ore deposit worth Rs..., the country is...

This country hits JACKPOT, may become super rich as scientists discover Iron Ore deposit worth Rs..., the country is... Geologists in Australia have made a major breakthrough, as scientists have discovered a massive iron ore deposit in the Pilbara region of Western Australia. Experts believe this could be the largest iron ore reserve ever found in the world and is estimated to be valued at around USD 6 trillion. According to experts, this discovery could not only transform the global iron market, but also lead to new insights about Earth's geological history. The Pilbara region is already known for its dry land and rich mineral resources. With this discovery, it has now become home to what may be the largest known iron ore reserve on Earth. The find has also changed what scientists thought they knew about iron concentration in rocks. Earlier, these rock formations were believed to be about 2.2 billion years old, but now that estimate has been revised to 1.4 billion years, offering a new understanding of the planet's past.

Harmanpreet Kaur's net worth: Inside her lavish lifestyle, income, houses, cars, career and more
Harmanpreet Kaur's net worth: Inside her lavish lifestyle, income, houses, cars, career and more

Time of India

time12 minutes ago

  • Time of India

Harmanpreet Kaur's net worth: Inside her lavish lifestyle, income, houses, cars, career and more

Harmanpreet Kaur's net worth: Indian women's cricket team captain, Harmanpreet Kaur, is one of the most popular women cricketers with many records. She added another milestone to her name by scoring a brilliant 102 off 84 balls against England at Chester-le-Street on Tuesday. With this knock, she became the third Indian woman cricketer to cross 4,000 ODI runs. Her powerful innings helped India secure a thrilling 13-run victory in the third and final ODI at the Riverside Ground, clinching the series 2-1. Born in 1989 in Moga to a volleyball and basketball player, Harmandar Singh Bhullar, who is also her first coach. Harmanpreet started her cricket journey at Gian Jyoti School Academy in Punjab. She used to play with boys, which helped her develop a fearless style of play. Harmanpreet Kaur's Cricketing Career Harmanpreet, a powerful name in women's cricket, made her international debut in 2009. Over the years, she has played: 149 One-Day Internationals (ODIs) 182 T20 Internationals (T20Is) 6 Test Matches As of today, according to espncricinfo, Kaur has scored over 4,000 runs in ODIs, over 3,600 in T20Is, and 200 in Test cricket. In the 2017 Women's World Cup semi-final against Australia, she achieved an incredible 171* runs, which remains one of her most emblematic moments. India achieved a historic silver medal at the 2022 Commonwealth Games in Birmingham and reached the final of the 2020 T20 World Cup under her captaincy. She was awarded the Arjuna Award In 2017. Harmanpreet Kaur's Net Worth As of 2024, according to Sportskeeda and TOI, Harmanpreet Kaur's net worth is around Rs 24 crore (approximately $3 million). She earned that fortune from her cricket contracts, match fees, sponsorships, and several T20 leagues around the world Sources of Harmanpreet Kaur's Income Harmanpreet's income comes from multiple sources, including: BCCI Contract: She is in the A-grade category of BCCI's women's contracts and earns an annual retainer of INR 50 lakh. Match Fees: Per match, she receives: Test match - Rs 4 lakh ODI match - Rs 2.5 lakh T20I match - Rs 2 lakh Franchise Cricket Leagues: Harmanpreet is a regular face in various T20 leagues. She has played for: Melbourne Renegades and Sydney Thunder in the Women's Big Bash League (WBBL). She reportedly earns $30,000 per season from WBBL. She earned Rs 1 lakh per match in Supernovas in the Women's T20 Challenge. In addition, she makes Rs 1.80 crore annually from Mumbai Indians in the Women's Premier League (WPL). Brand Endorsements: Harmanpreet endorses popular brands like Nike, Boost, and several others. She reportedly charges Rs 10-12 lakh per day for advertisements and earns Rs 40-50 lakh annually from endorsement deals Harmanpreet Kaur's Houses Harmanpreet Kaur owns a beautiful house in Moga, Punjab, where she lives with her family. She also owns a beautiful house in Mumbai, where she stays during cricket tournaments and for work with the Indian Railways. A Peek into Harmanpreet Kaur's Car and Bike Collection The Indian skipper is a big fan of cars and motorbikes. She owns: Datsun Redi-Go Sports Edition – A gift that she received after her historic 171-run against Australia in the 2017 World Cup semi-final. Customised Vintage Jeep – Stylish and unique, Jeep reflects her bold personality. Harley Davidson Bike – This is proof that she has a love for powerful two-wheelers. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store