India simplifies process for sales of state-run companies1 min read . Updated: 07 Mar 2019, 02:03 PM IST
- Govt has been trying to privatise loss-making PSUs
NEW DELHI: India has approved legislation that will simplify the sale of the government's stakes in state-run companies, finance minister Arun Jaitley said on Friday.
New Delhi has been working to privatise often loss-making public companies, but was forced to shelf plans to sell national airline Air India last year after failing to attract a single bidder.
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