Aims to maximise realisation to meet Rs 30,000-cr target FinMin to meet ministries this week

To maximise realisations from stake sale in two companies in its disinvestment pipeline — Oil India Ltd (OIL) and NTPC — the government has planned to sort out some of the issues before launching offer for sale (OFS). The stake sale in the two companies is critical to meeting the government’s Rs 30,000-crore disinvestment target for the current financial year, as the government has managed to garner only about Rs 6,900 crore so far.

Says tough policy decisions hold the key; cautions against raising unrealistic expectations
Montek Singh AhluwaliaAt a time when there is pressure on growth due to interest rate increases by the Reserve Bank of India (RBI) to curb inflation, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said India is in a strong position to achieve 9-9.5 per cent growth during the 12th Five-Year