What is the disinvestment target of the Finance Ministry for the year 2023-24?

Correct option is D

In the Union Budget for the fiscal year 2023-24, the Indian government initially set a disinvestment target of ₹51,000 crore. However, during the Revised Estimates (RE) stage, this specific target was discontinued. As of December 10, 2024, the government has realized ₹16,507.29 crore through various disinvestment transactions for the 2023-24 fiscal year.

• Disinvestment Definition: The process by which the government sells its stake in public sector enterprises to raise funds and promote efficiency.

• Revised Estimates (RE): A mid-year review mechanism where the government adjusts its initial budget estimates based on actual revenue and expenditure trends.

• Fiscal Year 2024-25: For the subsequent fiscal year, the government has not set a specific disinvestment target. As of December 16, 2024, ₹8,625 crore has been realized through minority stake sales.