New Delhi, Feb. 28
The Government is expected to get Rs 3,840 crore after disinvesting small stakes in non-navratna companies in 2006-07. While last year's budgetary estimates did not indicate any revenue receipts from sale of equity in public sector companies, revised estimates show the government raked in Rs 2,356 crore in 2005-06. This also includes Rs 1,600 crore from the sale of 10 per cent share in Maruti Udyog Ltd.
While the disinvestment process has slowed, there are indications that the pace will improve this year with small equity shares in mini-ratna companies like the Power Finance Corporation and the National Mineral Development Corporation. The government received Rs 4,424 crore in 2004-05 from some big-ticket sales.