evidence: This remarkable performance, as noted by the Department of Investment and Public Asset Management (DIPAM), reflects the robust health of state-run firms across various sectors. Disinvestment and asset monetization also showed strong results, with proceeds totaling Rs 16,507 crore and Rs 16,000 crore respectively, beating the combined revised target of Rs 30,000 crore for FY24. [...] The combined target for divestment and asset monetisation represents just 1.6% of the government’s budgeted non-debt receipts for FY25, indicating a reduced reliance on these revenues to manage the fiscal deficit. [...] DIPAM Secretary Tuhin Kanta Pandey had previously emphasised that setting overly high annual disinvestment targets could create market uncertainties and adversely impact the value creation strategy for the CPSEs. Therefore, the government is committed to a "calibrated disinvestment strategy" to optimise outcomes, he said.