New Delhi: Given the ballooning fiscal deficit, Finance Minister Pranab Mukherjee could well speed up disinvestment in the upcoming Union Budget.
The disinvestment includes a focus on how much should be divested and what kinds of public sector enterprises will see disinvestment.
Finance Ministry sources claim that the government plans to disinvest just two to three companies to start with in the current fiscal.
The government is likely to fetch Rs 3,000 crore from NHPC and Oil PSUs disinvestments.
Sources revealed that engineering firm RITES and Garden Reach Ship Builders are unlikely to be disinvested. Neyveli Lignite is also not on disinvestment list.
They also says government has three options in the disinvestment policy.
The first option is to bring down government holding in all companies s to 74 per cent, second option is to bring down holding in all companies to 51 per cent and the third option is to aggressively tap markets for Navratanas and mini-Ratnas.
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