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Friday, December 7, 2018

PFC buyout of REC: How PSU sales may help Modi government to meet ambitious disinvestment target

PFC buyout of REC: How PSU sales may help Modi government to meet ambitious disinvestment target
Cabinet approval to the strategic sale of its nearly 53 percent stake in Rural Electrification (REC) to the Power Finance Corporation (PFC) will help the Modi government to move closer to its ambitious divestment target of Rs 80,000 crore and also meet the fiscal deficit target of 3.3 percent of GDP in FY19.

Source: TFE