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The government is eyeing a sale of its residual stakes in erstwhile public sector firms like Paradeep Phosphates, Hindustan Zinc and Balco, which were privatised during the Atal Behari Vajpayee regime, a top finance ministry official said.
The government still owns 49% stake in aluminium producer Balco and 29.5% in Hindustan Zinc, with the latter’s sale held up since 2016 following a Supreme Court stay.
With both the firms staying highly profitable after the tra
NITI bats for tax breaks to achieve monetisation goal
To make the National Monetisation Pipeline (NMP) a success, the government should give Income Tax breaks to attract retail investors into instruments such as Infrastructure Investment Trusts (InvITs), the NITI Aayog has recommended.
The Centre’s think tank driving the NMP, estimated to raise almost ?6 lakh crore for the exchequer over four years, has also called for bringing such trusts within the ambit of the Insolvency a