New Delhi: Stake sales in state-run units are expected to start in the April-June quarter of the next financial year, said Arvind Panagariya, vice-chairman at Niti Aayog. “The very integral component of the budget is the outcome budget, which we prepared across ministries. Finance minister Arun Jaitley also showed the way for public sector firms’ reforms in the budget 2017 through streamlining operations. He announced the planned creation of an energy behemoth by merging various public sector firms in the oil and gas sector. India has 298 central public sector enterprises or CPSEs, of which 235 are operational.

Source: Mint February 05, 2017 16:30 UTC