Government bets big on divestment4 min read 26 Feb 2010, 11:38 PM IST
Government bets big on divestment
Mumbai: People’s ownership of state-owned firms, the finance minister’s preferred term to describe the government’s divestment programme, will be one of the two big contributors Pranab Mukherjee is banking on to bring down the fiscal deficit to 5.5%. Buoyed by the success of this programme in tough market conditions this year, the Centre wants to raise Rs40,000 crore by selling its stake in state-owned firms in 2010-11. Market intermediaries say there is enough appetite for government papers and that it could end up raising more.
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