Mutual Fund

NDA govt. divested twice as much as UPA, DIPAM data shows

The current NDA government accounts for a whopping 58% of all the disinvestment that has taken place since 1991, an analysis showed. The data showed disinvestments worth about ₹3.63 lakh crore have taken place since 1991, out of which about ₹2.1 lakh crore came in the last four years alone, with five months still left in this financial year. In the number of deals too, the current NDA administration seems ahead with 75 deals compared with 33 deals in UPA-II. ONGC had in January 2018 bought 51.1% of HPCL for ₹36,915 crore from the government, which went towards meeting that fiscal year’s disinvestment target. The government is also reportedly considering ordering several public sector oil companies to buy back shares from the government amounting to about ₹10,000-₹20,000 crore. Another deal in the making is BPCL and IOC buying 26% each in GAIL, which would give the government another ₹20,000 crore.

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