As anticipated, the government of India has decided to
disinvest stake from blue chips public sector companies – Coal India, OnGC and
National Hydro Electric Power Corporation (NHPC) to generate Rs.45,000 crores.
However, the dates were not finalized according to media
reports. The cabinet committee has finalized the decision for disinvestment on Wednesday.
The disinvestment process move by the government would help
the economy to gain further momentum, as it has been reeling under the clutches
of slow down.
The shine in manufacturing sector and down in the inflation statistics
would help the boost the growth path for the Indian economy.
In his budget, the finance minister had proposed the
disinvestment receipt of Rs. 58,000 crore during the current fiscal year. The
government is on the path to meet is target for the disinvestment receipts for
the current year.
The sentiment of investors would be high as the government is
seen keen on bring back the growth as well as the confidence of investors.
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