Social sector schemes to get proceeds from disinvestment
The proceeds from disinvestment of NHPC and OIL will be allocated for capital expenditure in identified social sector schemes, Finance Minister Pranab Mukherjee informed the Lok Sabha today. - Coal India pitches for 15% disinvestment - "Disinvestment of REC, NTPC to be completed by March" - NHPC may miss 11th Plan capacity addition target - Govt eyes lead managers for NTPC, SJVN stake sale - No headway in BHEL disinvestment: Vilasrao - Kelkar calls for strong divestment process "From April 2009, a total amount of Rs 4259.90 crore has been realised from the disinvestment proceeds of National Hydro Power Corporation Limited (NHPC) and Oil India Limited (OIL) and credited to the Consolidated Fund of India. "The funds would be transferred to the National Investment Fund (NIF) and allocated for capital expenditure in the identified social sector schemes as decided by the Planning Commission/Department of Expenditure," Mukherjee said during Question Hour. He said the government had decided that with effect from April 2009 to March 2012, the proceeds from disinvestment would be channelised into the NIF and would be available in full as one time exemption for meeting capital expenditure of social sector programmes. "The money could be used to meet the cost for building hospitals, schools or universities," he said. The government had constituted the NIF in November 2005 into which the proceeds from disinvestment of equity in PSU would be channelised.Same Day Loans commented:
This disinvestment bring some changes in the social sector like hospitals and schools should be build but hope that this will be done efficently.
28.07.2011
Payday Bank commented:
I think that the proceeds from disinvestment of CPSEs will be channelised into the National Investment Fund which is to be maintained outside the Consolidated Fund.
01.08.2011
Payday Loans Fast commented:
If the government could give thousands of crores as tax concessions to corporate houses, it means they do not have any financial problems.
12.08.2011
essay proofreading commented:
There has been a consistent month-on-month increase in the number of contracts traded in currency futures segment
25.10.2011
Trade Forex commented:
The Government announced that all proceeds from disinvestment would be channelized into the National Investment Fund (NIF) and would be available in full as one time exemption for meeting capital expenditure of identified social sector programmers as decided by the Planning Commission/Department of Expenditure.
15.12.2011