Interim Budget 2019: India may target about $11 bn from asset sales in FY20


The Indian government is likely to seek to raise about Rs 80,000 crore ($11.21 billion) through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources with direct knowledge of budget discussions told Reuters on Tuesday.

Finance Minister Arun Jaitley, who is currently in the United States for a medical check-up, is expected to announce the target while presenting an interim budget on Feb. 1, said one of the sources.The target, which is the same as for the current financial year, includes proceeds.....

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