Budget 2018: Modi govt targets disinvestment receipts of Rs 900 billion 

Budget 2018
Looking at Rs 1 trillion spending focus through disinvestment for next financial, the Modi government may end FY18 with Rs 900 billion selloff, double the record figure of Rs 460 billion accomplished a year ago, on the back of its stake deal in Hindustan Petroleum Corporation (HPCL) to Oil and Natural Gas Corporation (ONGC), as per The Time of India report.
The arrangement is probably going to get the administration Rs 300 billion, the report said citing sources.
The offer of the administration's stake in HPCL to ONGC is stuck on valuation. As per people near the improvement, the exertion was to finalize the negotiations previously the finish of this current month yet the administration was taking a gander at getting a higher incentive for its 51.1 for every penny stake in HPCL.
In light of the present market capitalisation, a 51 for each penny in HPCL is esteemed at Rs 323 billion, about Rs 23 billion higher than in last July when the Union Cabinet had cleaned the offer up. Notwithstanding, reports recommend that subsequent to assessing the promoting system, physical resources.

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