VERIFIEDET Policy·2 Jul 2026neutral

Govt lines up PSU stake sales to cushion budget hit from oil

AI Summary

·India is accelerating plans to divest stakes in state-owned entities, including Life Insurance Corp. and Hindustan Zinc.
·Several banks are also slated for stake sales as part of the divestment plan.
·The government aims to raise significant funds to support its fiscal goals through these stake sales.