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Divestment programme revived in India's budget
Finance Minister Pranab Mukherjee Monday revived the government's divestment programme, promising equity of state-run enterprises in the hands of general public.
He also said that in areas like banking and insurance, specifically, the majority control in state-run companies would remain in the hands of the government with fresh infusion of equity to help them remain globally competitive.
Last updated on Jul 6th, 2009 at 11:46 am IST--IANS
Possibly related news:
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- India's 'dream budget' is unlikely to materialise: Moody's (July 2)
- Tax sops, more funds for welfare, infrastructure in India's budget (July 6)
- Economic revival, 'aam admi' focus of India's budget (July 6)
- Government defers RITES divestment (July 14)
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