Govt expects 10 percent lower receipts from stake sale
NEW DELHI (Reuters) - The government is likely to raise 270 billion rupees through sale of its stake in state-run companies, 10 percent lower than the initial target for the current fiscal year ending in March, Disinvestment Secretary Ravi Mathur told reporters on Thursday.
In March last year, the government had fixed a target of 300 billion rupees through partial privatisation of state-run companies during this fiscal year.
(Reporting by Arup Roychoudhury; Editing by G.Ram Mohan)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Religion and Politics
The head of India's most powerful Hindu group vowed to press ahead with a campaign to convert Muslims and Christians to Hinduism, stoking a sensitive debate that has stalled parliament and threatened Prime Minister Narendra Modi's economic reform agenda. Full Article