CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much amount of the disinvestment target has been set by the Government of India for FY22?
A
Rs 1.75 lakh crore
B
Rs 1.25 lakh crore
C
Rs 1.00 lakh crore
D
Rs 1.50 lakh crore
Explanation: 

Detailed explanation-1: -The government had made a drastic cut of the divestment target set for FY22 to Rs 78, 000 crore from an aggressive Rs 1.75 lakh crore. The government has reduced its target for divestment in the financial year starting April.

Detailed explanation-2: -The government had set a divestment target of Rs 1.75 lakh crore this year. DH Web Desk, Jan 25 2022, 14:23 ist. updated: Jan 17 2023, 14:44 ist.

Detailed explanation-3: -Synopsis. The Indian government has set a 650 billion rupee ($7.89 billion) divestment and privatisation target for 2022/23, out of which it raised 245.44 billion rupees in the first seven months of the fiscal year.

Detailed explanation-4: -While in absolute terms, the shortfall in the disinvestment target since 2014 was the highest in the 2020-21 financial year - Rs 1, 72, 103 crore - because of a higher target (Rs 2, 10, 000 crore), in percentage terms, the figure has been the highest in 2021-22, at 92 per cent of the budgeted target.

Detailed explanation-5: -The government had set a divestment target of ₹ 65, 000 crore for the fiscal year 2022-23.

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