Budget 2019-20: Rs 1.05 lakh crore disinvestment target for 2019-20; AI's disinvestment to be reinitiated says Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Friday said that the Central government has set to generate Rs 1.05 lakh crore through disinvestment of public sector undertakings during the current financial year - 2019-20. She also said that the strategic disinvestment of Air India (AI) will be reinitiated while presenting the Union Budget 2019-20 in the Lok Sabha on Friday.

"Strategic disinvestment of select Central Public Sector Enterprises (CPSEs) will continue to be a priority. Strategic disinvestment of Air India will re-initiate. 1 lakh 5000 rupees is disinvestment target for 2019-20," she said.

The Finance Minister also said the government is considering to go below 51 per cent to an appropriate level of the ownership stake in non-financial public sector undertakings on a case by case basis.

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