Disinvestment Prossess : More than one PSU before fiscal end

Highlights: 

  • According to the finance minister Arun Jaitley , the divestment programme would be pursued as a priority and involve more than one PSU during this period.
  • His comments,made on the sidelines of the Vibrant Gujarat Summit, come in the wake of reports that the government is looking to sell 10% stake in Coal India to raise Rs 24,000 crore.
  • Promising quick decisions and a stable tax regime, Jaitley exuded confidence that there will be a significant uptick in investments after the reverse flow of capital seen during the last three to four years has been stopped.
  • In his speech at a seminar earlier in the day, Jaitley promised laws to allow easy land acquisition, and said that Goods and Services Tax implementation would be effected within a year.