Press Esc to close
Monday 27 June 2016
News updated at 8:16 PM IST
Weather
Max: 27.5°C
Min : 19.4°C
In Bengaluru
Generally cloudy

PSU stake sale to be hastened, says PM

New Delhi, Dec 16, 2012, Reuters:

India will speed up the sale of stakes in state companies to revive the stock market and will push ahead with reforms aimed at spurring investment recovery, Prime Minister Manmohan Singh has said.

“We will speed up the disinvestment process, which will also revive our equity markets,” Singh said. Selling equity in large public industries is a central plank of the government’s plan to bring down a wide fiscal deficit, a major weakness in the country.

This week, the sale of 10 per cent in NMDC raised $1.1 billion and the government is aiming for Rs 30,000 crore from such partial privatisations by March.


Go to Top

Photo Gallery
Bihar Chief Minister Nitish Kumar with RJD Chief Lalu Prasad during an Iftaar party in Patna...

Bihar Chief Minister Nitish Kumar with RJD Chief Lalu Prasad during an Iftaar party in Patna...

A sand sculpture created to congratulate Athlete Srabani Nanda for qualifying 200 mt race...

A sand sculpture created to congratulate Athlete Srabani Nanda for qualifying 200 mt race...

Players in action during a match between Bengaluru Bulls and Kolkata Warriors at Pro Kabaddi...

Players in action during a match between Bengaluru Bulls and Kolkata Warriors at Pro Kabaddi...

Illuminated Mysuru Palace seen on the eve of Yaduveera Krishnadatta Chamaraja Wadiyar...

Illuminated Mysuru Palace seen on the eve of Yaduveera Krishnadatta Chamaraja Wadiyar...

A man pushes his bike through a waterlogged road during rains in Jammu...

A man pushes his bike through a waterlogged road during rains in Jammu...

Narendra Modi interacts with Vaishali whose heart surgery was funded by the PMO...

Narendra Modi interacts with Vaishali whose heart surgery was funded by the PMO...

A Hindu devotee performs a stunt with fire during a rehearsal for the annual Rath Yatra...

A Hindu devotee performs a stunt with fire during a rehearsal for the annual Rath Yatra...

Mysuru Royal family scion Yaduveera Krishnadatta Chamaraja Wadiyar's wedding rituals, at Mysuru...

Mysuru Royal family scion Yaduveera Krishnadatta Chamaraja Wadiyar's wedding rituals, at Mysuru...

Sunny Leone at a press conference in Chennai...

Sunny Leone at a press conference in Chennai...

Senior police and CRPF officers carry the bodies of Central Reserve Police Force...

Senior police and CRPF officers carry the bodies of Central Reserve Police Force...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523