Budget In A Minute: Understand the term 'Disinvestment' from Anil Singhvi
Budget 2020: The Union Finance Minister Nirmala Sitharaman will table the Budget 2020 on the floor of the Parliament on February 1. The preparations for Budget 2020 are in full swing as it is just 2 days away.
Budget 2020: The Union Finance Minister Nirmala Sitharaman will table the Budget 2020 (#BUDGET2020ZEE) on the floor of the Parliament on February 1. The preparations for Budget 2020 are in full swing as it is just 2 days away. While hearing the budget on TV, maybe those who aren’t from economics or business background, might not find themselves familiar with certain words that the Finance Minister would be using in her Budget speech. So, it will be a challenge for a common man to understand the complex words and terminologies related to the budget speech. So, what’s the solution? Here we have the Zee Business Managing Editor Anil Singhvi to convert this hard task into an easy one. This time, we will understand the term.
It is the duty of the government to run the nation but it’s not their work to focus on business and investment. It’s a saying that ‘’Government has no business to be in the business’’. In earlier times, the government used to have the business setups but now there’s no requirement for it. If there’s no requirement now so they have an option to sell the stake. After selling the stake, the government can get a lot of money.
— Zee Business (@ZeeBusiness) January 28, 2020
Why government needs money? So that they can balance their expenditures and can spend it into policies or we can say with that money, they can curb the crisis. So, on every Budget, the government set the target of the disinvestment. The more amount the government will spend on disinvestment, the more the market can predict about the benefits, It also gives the idea that which company is going to the what amount of stakes.
The Budget session of the parliament will commence on 31st January 2020 at 11 AM with a joint session of both Lok Sabha and Rajya Sabha is presided over by the President of India Ram Nath Kovind. Finance minister will present the Union Budget 2020 on 1st February 2020 at 11AM.
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