CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Union Budget 2019 targets what amount through the disinvestment of CPSEs including Air India?
A
Rs 90, 000 crore
B
Rs 1, 05, 000 crore
C
Rs 1, 50, 000 crore
D
Rs 1, 95, 000 crore
Explanation: 

Detailed explanation-1: -Talace won the bid, by offering ₹18,000 crore in total for the airline against Singh’s ₹15,100 crore. The reserve price for the deal was set at ₹12,906 crore. The winning bid of the Tatas included a ₹2,700 crore cash component and ₹15,300 crore of debt.

Detailed explanation-2: -India divestment: Union Budget 2023-24: Divestment target pegged at Rs 51,000 crore - The Economic Times.

Detailed explanation-3: -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.

Detailed explanation-4: -Total expenditure in 2019-20 is expected to be Rs 27,86,349 crore, which is 13.4% higher than the revised estimate of 2018-19.

There is 1 question to complete.