 "The softening of crude prices will bring down the core inflation too in the coming months as the lower fuel price will feed in")
Reports of government's plans to aggressively pursue divestment of its stake in select state-owned companies gathered pace over the weekend. Finance Minister Nirmala Sitharaman last week said the government would wrap up the sale of Air India and Bharat Petroleum Corporation Limited (BPCL) by March 2020.
The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year.
Meanwhile, Cabinet Committee on Economic Affairs (CCEA) is likely to take up for consideration two major proposals very soon. One will be ‘strategic
