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Govt To Sell 5% Stake In Steel Firm SAIL

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The new government plans to sell a 5 per cent stake in state-run Steel Authority of India Ltd this fiscal year ending March, Finance Minister Arun Jaitley said on Friday (25 July).

Prime Minister Narendra Modi, who won a landslide election victory in May largely on a promise of economic growth, is expected to speed up divestments to bolster revenue generation.



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