Budget 2023 proposes to Change Definition of ‘Strategic Disinvestment’ [Read Finance Bill]

By Fathima Karama A.M - On February 1, 2023 6:08 pm - 2 mins read
budget 2023 - Strategic Disinvestment - budget 2023 live - union budget 2023 - nirmala sitharaman budget - nirmala sitharaman union budget - nirmala sitharaman - budget 2023 india - union budget 2023 live - Taxscan

Under the newly proposed Union Budget 2023 the Union Ministry has proposed to modify the definition of ‘strategic disinvestment’. Strategic disinvestment would imply the sale of substantial portion of the Government shareholding of a central public sector enterprise (CPSE) of up to 50%, or such higher percentage as the competent authority may determine, along with…

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