Try GOLD - Free

Govt fast-tracks disinvestment process to shore up revenues

Millennium Post Delhi

New Delhi 03July2026

Garners 31% of budget aim in Q1 FY27

- OUR CORRESPONDENT

The Centre has made a strong start to its disinvestment and asset monetisation programme in the current financial year, raising nearly 31 per cent of its full-year Budget target in the first quarter as it looks to strengthen non-tax revenues amid rising expenditure pressures.

According to government data, Rs 24,928 crore has been mobilised so far through disinvestment and asset monetisation against the Budget Estimate of Rs 80,000 crore for FY27. The amount includes Rs 18,561 crore raised through stake sales in public sector enterprises and another Rs 6,367 crore through asset monetisation under the Infrastructure Investment Trust (InvIT) route.

The pace of disinvestment during the first quarter has been the fastest recorded in the opening quarter of any financial year. Between mid-May and June, the government launched one offer for sale every week, selling stakes in six public sector companies. These included Central Bank of India, Coal India, NHPC, NLC India, GIC and IRFC.

This story is from the New Delhi 03July2026 edition of Millennium Post Delhi.

Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.

Already a subscriber? Sign In

‘Methyl Isocyanate of Law’: SC quashes verdict based on AI-generated precedents

The Supreme Court on Thursday struck down a National Company Law Tribunal (NCLT) order in the Essel Infraprojects insolvency case after finding that it relied on fake and AI-generated judicial precedents, declaring that courts must adopt a “zero tolerance” approach towards the use of “non-existent, fake, and hallucinated” judgments in legal proceedings.

2 mins

New Delhi 03July2026

Millennium Post Delhi

Monsoon arrives in Delhi; heavy rains kill 6 in Himachal, Mumbai

The south-west monsoon gathered pace across large parts of India on Thursday, ending prolonged heat and humidity in several regions but also causing wide-spread disruption, flash floods and landslides that claimed at least six lives in Himachal Pradesh and Maharashtra.

4 mins

New Delhi 03July2026

Millennium Post Delhi

Seven workers killed as massive rock collapses at Bengaluru quarry

Seven migrant labourers, including five from Madhya Pradesh, were killed and five others injured after a huge granite rock slid down from the top of a quarry and crashed onto workers below in Bengaluru Urban district on Thursday.

2 mins

New Delhi 03July2026

Millennium Post Delhi

Fuel price reduction possible only if global crude stays low for 2-3 months, says Puri

DEFENDS THE CENTRE’S FUEL PRICING POLICY

3 mins

New Delhi 03July2026

Millennium Post Delhi

Board exam marks may get 50% weightage in NEET, JEE admissions

NEW DELHI: Board examination marks may account for 50 per cent of the weightage in admissions to professional courses that are currently decided mainly through entrance examinations such as NEET and JEE, according to sources familiar with the discussions.

1 min

New Delhi 03July2026

Millennium Post Delhi