The government today allowed cash-rich PSUs to buy back government’s equity, paving the way for a new and innovative method of disinvestment to achieve the Rs 40,000 crore target this fiscal.
The Cabinet Committee on Economic Affairs (CCEA), which met today, is also understood to have also allowed financial institutions to buy government stake in public sector units (PSUs), sources said.
From: http://ping.fm/CS74x
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