Eyeing Rs 56,500 crore from disinvestment this fiscal, the government has identified some PSEs in sectors like oil, energy and capital goods for selling its stake, Parliament was informed on
The dollar was little changed against the yen and euro on Tuesday as crude oil and equity prices took a breather after a recent slide.
But the U
State-owned oil producers ONGC and Oil India as well as private sector player Cairn India have asked the government to cut cess on crude oil they have to pay in view of slump in prices.
After getting LIC to bail out big ticket IOC disinvestment, the government is not likely to sell a 10 per cent stake in Oil India soon as it feels the
The government plans to sell 3 per cent stake in state-owned gas utility GAIL India which could fetch over Rs 1,300 crore to the exchequer.
Finance Ministry has moved a
Oil prices extended their decline in Asia today after the OPEC cartel indicated that current lofty output levels will remain, while a stronger dollar is also causing downward pressure.
Ahead of government's plans to sell stake in oil companies, the finance ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from volatility.
Oil prices declined in Asia today on a stronger dollar and concerns a supply glut will worsen following a landmark deal that will allow Iran to increase its crude exports.
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