evidence: Furthermore, in FY22, the government missed its original target as well as its revised target by a huge margin. The original divestment target for the previous financial year was ₹1.75 lakh crore, which was later reduced by 55 percent to ₹78,000 crore. However, the government was able to raise just ₹13,531 crore, only 18 percent of the revised target as the initial share sale of LIC was pushed to FY23 to avoid market volatility. This was the lowest mop-up after the disinvestment program was revived in FY10. [...] Before FY22, the lowest disinvestment receipts were in FY12 at ₹14,000 crore against the target of ₹40,000 crore. Meanwhile, the highest divestment receipt for the government has been ₹1 lakh crore in FY18 against a target of ₹72,500 crore. A large chunk of this ( ₹36,915 crore) was due to the acquisition of HPCL by ONGC. Meanwhile, in 2018-19, the disinvestment mop-up stood at ₹84,972 crore against the Budget target of ₹80,000 crore. In 2016-17, the government had missed the budgeted disinvestment target. While the Budget had pegged the target at ₹56,500 crore, the government was able to mop up ₹46,247 crore. In 2015-16, the government had realised ₹23,996 crore from CPSE disinvestment, lower than the Budget target of ₹69,500 crore.