In the revised budget estimate, the government significantly lowered the dividend receipt from the CPSEs to Rs 34,717.25 crore from Rs 65,746.96 crore
The government has exited Tata Communications by selling about 26% stake in the company for about Rs 8,846 crore as part of the disinvestment plan
The authorised share capital of LIC shall be Rs 25,000 crore divided into 2,500 crore shares of Rs 10 each
The budget focuses on reforms, disinvestment, infrastructure, good governance
Nirmala Sitharaman said the budget is trying to raise non-tax resources at a time when a lot of money has to be spent.
He expressed hope that the proposed asset reconstruction and management companies to address banks' bad loan woes will do a good job like the UTI.