BANKING AFFAIRS

Detailed explanation-1: -In 2018-19, the disinvestment mop-up stood at Rs 84, 972 crore, as against the Budget target of Rs 80, 000 crore. In 2017-18, it bettered the target of Rs 1 lakh crore and raised a record Rs 1, 00, 056 crore. In 2016-17, the government had missed the budgeted disinvestment target.

Detailed explanation-2: -In 2017-18, the government earned disinvestment receipts of a little over ₹1 lakh crore as against a target of ₹72, 500 crore, and in 2018-19, it brought in ₹94, 700 crore when the target was set at ₹80, 000 crore.

Detailed explanation-3: -At the end of fiscal year 2018, the budgeted estimate of revenue expenditure on non-developmental expenses of India’s central and state governments amounted to more than 22 trillion Indian rupees and developmental expenses amounted to approximately 19 trillion rupees.

Detailed explanation-4: -Total budgeted expenditure for 2018-19 is set at Rs 2, 442, 213 crore (US$ 383.93 billion). Central Government’s debt to GDP ratio will be brought down to 40 per cent, as per the recommendations of the Fiscal Reform and Budget Management Committee.

Detailed explanation-5: -In FY22, the divestment target was set at Rs 1, 75, 000 crore which was later revised downward to Rs 78, 000 crore. Divestments in FY21 and FY20 stood at Rs 37, 897 crore and Rs 50, 304 crore.