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India Plans Strategic Stake Sales In 28 State-Run Companies: Minister

The government has so far raised Rs 173.64 billion ($2.43 billion) in the 2019-20 fiscal year ending in March, against the full-year's target of Rs 1.05 trillion

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India's cabinet has given 'in-principle' approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India, junior finance minister Anurag Singh Thakur told lawmakers on Monday. 

The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.

(Reuters)


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