What are the steps taken by the government in the matter of disinvestment?
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The government can raise about Rs 1.1 lakh crore by selling its direct holding above 51% in listed non-financial PSUs or about Rs 2.5 lakh crore by selling its direct and indirect holding including stakes of LIC and other PSUs above 51% in listed nonfinancial PSUs, according to a data compiled by Kotak Institutional Equities. The amounts are equivalent to 1-2 years of divestment targets. Thus, the government may have to consider outright privatisation of PSUs in the nottoo-distant future, said the report.
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1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt. ... The Government no longer intends to retain the management control of the CPSEs.
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