Govt gain Put ONGC FPO on hold for undisclosed time. They says that govt. is no hurry to launch FPO in hurry in such a Volatile Market. Gopalan is also confident of meeting FY12 divestment target of Rs 40,000 crore. Govt. wants to raise about 9 billion dollers by Share sell.This is aiming at effort to plugging fiscal gap and generating funds for schemes for the poor.ONGC's share sale, first scheduled for March, has been postponed several times this year due to turmoil in global markets and lingering concerns over government fuel subsidies, part of which are borne by ONGC
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