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.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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