In the upcoming full budget presentation this July, the Indian government plans to continue its recent approach introduced in February's interim budget by eschewing specific disinvestment targets. Instead, disinvestment proceeds will be categorized under capital receipts, aligning with earlier practices this year. The shift is a strategy from target-driven to value-oriented disinvestment. Historically, the term 'disinvestment' first appeared in union budget documents in 1991-92 with a target of approximately $302 million at current exchange rates. By fy21, this figure had surged to around $25.3 billion, encompassing sales of government stakes in central public sector undertakings, public sector banks, and financial institutions.

Indian budget: Disinvestment under capital receipts

Benchmark Sensex crashed over 300 points in afternoon trade today after Finance Minister Arun Jaitley announced 10 per cent tax on some long-term capital gains in his Budget speech.

The NSE Nifty also sank below the 11,000-mark during the Budget presentation.

Sentiment also took a hit after the fiscal deficit target for 2017-18 was raised to 3.5 per cent of GDP as against 3.2 per cent earlier.

The target for 2018-19 has been fixed at 3.3 per cent as against the Fiscal Responsibility and Budget Management Act target of 3 per cent.

In highly volatile trading, the Sensex crashed to 35,590.17, a steep fall of 374.85 points, or 1.04 per cent.

The 50-share NSE Nifty dropped 117.20 points, or 1.06 per cent, to 10,910.50.

All sectoral indices were weighed down by widespread selling, with consumer durables, metal, healthcare, realty and power falling by up to 3.20 per cent.

Laggards included Dr Reddy&#39;s, Sun Pharma, ICICI Bank, Infosys, Tata Steel, Bharti Airtel, SBI, ONGC, Maruti Suzuki and Reliance Industries, declining by up to 2.58 per cent.

Also read:&nbsp;<a href="http://www.wionews.com/business-economy/key-highlights-from-union-budget-2018-31455">Key highlights of Budget 2018</a>

The NSE Nifty also sank below the 11,000-mark during the Budget presentation

Benchmark Sensex crashed over 300 points in afternoon trade today after Finance Minister Arun Jaitley announced 10 per cent tax on some long-term capital gains in his Budget speech. The NSE Nifty also sank below the 11,000-mark during the Budget presentation. Sentiment also took a hit after the fiscal deficit target for 2017-18 was raised to 3.5 per cent of GDP as against 3.2 per cent earlier. The target for 2018-19 has been fixed at 3.3 per cent as against the Fiscal Responsibility and Budget Management Act target of 3 per cent. In highly volatile trading, the Sensex crashed to 35,590.17, a steep fall of 374.85 points, or 1.04 per cent. The 50-share NSE Nifty dropped 117.20 points, or 1.06 per cent, to 10,910.50. All sectoral indices were weighed down by widespread selling, with consumer durables, metal, healthcare, realty and power falling by up to 3.20 per cent. Laggards included Dr Reddy's, Sun Pharma, ICICI Bank, Infosys, Tata Steel, Bharti Airtel, SBI, ONGC, Maruti Suzuki and Reliance Industries, declining by up to 2.58 per cent. Also read: Key highlights of Budget 2018

Sensex crashes over 300 points on capital gains tax proposal

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