DoD sees gap of Rs 50,000cr in 10th Plan period

The Department of Disinvestment (DoD) is believed to have cautioned the government that it might not be possible to mop up more than Rs 25,0...

The Department of Disinvestment (DoD) is believed to have cautioned the government that it might not be possible to mop up more than Rs 25,000 crore during the Tenth Five Year Plan in case the divestment process proceeds in the present shape.

“If we slow down our phases like this, at this rate we would achieve another Rs 20,000 crore,” the ministry is understood to have said in a latest paper, ‘BPCL and HPCL Disinvestment Issues’.

This would mean a shortfall of Rs 50,000 crore from the target of Rs 75,000-80,000 crore fixed as disinvestment proceeds in the Tenth Plan, the disinvestment department said, adding this could translate into fiscal deficit going up by at least about two per cent.

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The ministry’s calculation is based on the presumption that disinvestment realisation would be just around Rs 5,000 crore during the current financial year, the first year of the Tenth Plan.

In the presentation, the ministry has apprehended that there would be a shortfall of about Rs 7,000 crore in the disinvestment proceeds during the current fiscal against the target of Rs 12,000 crore if the planned disinvestment in Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd could not be taken up.

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