evidence: New Delhi: The government will explore mergers & acquisitions (M&As) in not just the oil sector but in all state-run enterprises, a senior finance ministry official said on Friday, while asserting that all efforts would be made to meet the disinvestment target of Rs 72,500 crore for the current financial year. [...] Gupta said strategic sales were on track and were progressing on the lines of the governmenty policy and final decision would be taken on a "case-to-case to basis." He said the budget focussed on a specific strategy for 2017-18, including listing of insurance companies, use of ETFs, minority and strategic stake sales and listing of railway companies. "It will be the endeavour to meet the target and we will put our best effort." The government raised Rs 45,500 crore from stake sales in 2016-17, the highest amount realized from disinvestment.