Explore ways other than divestment of PSUs to curb deficit

Tags: News
Public sector body SCOPE today said the government must explore options other than the disinvestment of PSUs for containing the fiscal deficit within its target of 4.1 per cent for the current fiscal.

"For meeting the deficit target of 4.1 per cent, instead of disinvestment of PSUs, other ways should be examined by way of improving the productivity and overall governance," SCOPE Director General U D Choubey said.

Disinvestment proceeds are vital to the exchequer to lower the fiscal deficit.

Finance Minister Arun Jaitley yesterday raised the disinvestment target for the current fiscal to Rs 58,425 crore.

The target includes Rs 43,425 crore through stake sale in PSUs and another Rs 15,000 crore from sale of residual stake in the erstwhile government companies, as per the Budget document.

Choubey also advocated that over and above developing 100 Smart Cities, there is need to develop 10,000 Smart Villages to improve the rural economy.

EDITORIAL OF THE DAY

  • Nothing short of a uniform civil code will work in India

    When the Jamiat-Ulama-I-Hind (JUH), a powerful body of muslim clerics dedicated to address the aspirations of the community, turns to quote the religi

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

A democracy must stand up for its people

We are the world’s most populous dem­ocracy, but behave in ...

Purnendu Ghosh

A curious and an innovative mind

Curiosity is hard-wired into our psyche. We all recognise that ...

Shona Adhikari

A good time for European art auctions

This week, we bring you interesting art news and the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture