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Shares of Railway PSEs - IRCTC IRFC and IRCON to be listed

Budget - Dated:- 1-2-2017 - Consolidation, mergers and acquisitions of CPSEs to be encouraged, an integrated public sector oil major soon Pradhan Mantri Mudra Yojana budget target doubled to ₹ 2.44 lakh crores Rs. 10,000 crores earmarked for recapitalisation of Banks, Need based additional allocation assured While presenting the General Budget 2017-18 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley has said that the shares of Railway Public Sector Enterprises (PSEs) l .....

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itley earmarked ₹ 10,000 crores for recapitalisation of Banks in 2017-18 and assured need based additional allocation. Stating that the disinvestment policy announced in the last budget will continue, Shri Jaitley further said that the Government will put in place a revised mechanism and procedure to ensure time bound listing of identified CPSEs on stock exchanges. This will foster greater public accountability and unlock the true value of these companies, he added. Shri Jaitley said the C .....

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d domestic private sector oil and gas companies. The Finance Minister said that the Exchange Trade Fund (ETF), comprising shares of ten CPSEs, has received overwhelming response in the recent Further Fund Offering (FFO). The Government will continue to use ETF as a vehicle for further disinvestment of shares. Accordingly, a new ETF with diversified CPSE stocks and other Government holdings will be launched in 2017-18, he added. Shri Jaitley said that the focus on resolution of stressed legacy ac .....

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