Revealing the plan for disinvestment and privatization, Finance Minister Nirmala Sitharaman on Monday announced to divest two PSUs and one general insurance company.
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“All disinvestment, including BPCL, LIC IPO, CONCOR, Pawan Hans, and Air India will be completed by FY22,” she said.
“The Government will create a new list of companies for disinvestment. Will also form SPV for monetization of land owned by the government,” She added.
The disinvestment targets of Rs 1.75 lakh crore.