Disinvestment target of FY’22 achievable; LIC IPO to bring in Rs 1 lakh crore: CEA – News 24-7 Live News 24-7 Live
Disinvestment target of FY’22 achievable; LIC IPO to bring in Rs 1 lakh crore: CEA

Disinvestment target of FY’22 achievable; LIC IPO to bring in Rs 1 lakh crore: CEA

The RBI’s Monetary Policy Committee has been mandated to maintain annual inflation at 4 per cent until March 31 with an upper tolerance of 6% and lower limit of 2%.

Asserting that the disinvestment target of Rs 1.75 lakh crore for 2021-22 was “imminently achievable”, Chief Economic Adviser (CEA) K V Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner Rs 1 lakh crore for the government.

He also said retail inflation targeting by the Reserve Bank of India (RBI) has helped in bringing down the volatility and level of inflation.

The RBI’s Monetary Policy Committee has been mandated to maintain annual inflation at 4 per cent until March 31, 2021, with an upper tolerance of 6 per cent and lower limit of 2 per cent.

Speaking at a virtual conference by Jana Small Finance Bank, Subramanian said the disinvestment target of Rs 1.75 lakh crore for 2021-22 is actually a carry over of the Rs 2.10 lakh crore target set for the current fiscal ending March 31.

“Of this, BPCL privatisation and LIC listing itself were important contributors. There are estimates suggesting Rs 75,000-80,000 crore or even higher can just come from the privatisation of BPCL itself. LIC IPO could bring in Rs 1 lakh crore approximately,” he said.

News Source:- Money Control

Leave a Reply

Your email address will not be published. Required fields are marked *

Report News
Google