Press Esc to close

PSU stake sale to be hastened, says PM

New Delhi, Dec 16, 2012, Reuters: 21:24 IST
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

More from this section
Most trending stories
Photo Gallery
A girl with umbrella sells vegetables during light rains, at the banks of Dal Lake in Srinagar...

A girl with umbrella sells vegetables during light rains, at the banks of Dal Lake in Srinagar...

Actor Rani Mukherji poses with differently-abled children during Hichki Teachers Award...

Actor Rani Mukherji poses with differently-abled children during Hichki Teachers Award...

Artists perform on the ocassion of 'Fag Mahotsav' ahead of Holi festival at Govind Dev Ji Temple...

Artists perform on the ocassion of 'Fag Mahotsav' ahead of Holi festival at Govind Dev Ji Temple...

People celebrate Latthmaar Holi during the Latthmaar Holi celebrations, in Barsana near...

People celebrate Latthmaar Holi during the Latthmaar Holi celebrations, in Barsana near...

Policemen are surrounded by teargas during an anti-facism demonstration in Milan, Italy. Reuters

Policemen are surrounded by teargas during an anti-facism demonstration in Milan, Italy. Reuters

A teakwood display team of Army Service Corps displays their skills during a horse show at...

A teakwood display team of Army Service Corps displays their skills during a horse show at...

A teakwood display team of Army Service Corps displays their skills during a horse show at ...

A teakwood display team of Army Service Corps displays their skills during a horse show at ...

Congress President Rahul Gandhi, Karnataka Chief Minister M Siddaramaiah, Senior leader...

Congress President Rahul Gandhi, Karnataka Chief Minister M Siddaramaiah, Senior leader...

Bollywood Actress Kareena Kapoor Khan,Director Rakesh Omprakash Mehra,Minister Roshan Baig...

Bollywood Actress Kareena Kapoor Khan,Director Rakesh Omprakash Mehra,Minister Roshan Baig...

Dancers perform during the inauguration of the 10th Bengaluru International Film Festival...

Dancers perform during the inauguration of the 10th Bengaluru International Film Festival...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.