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India to sell national airline and other state-owned companies to raise funds

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Asset sale proceeds are crucial for the government to meet its spending requirements and lower the budget deficit

Nirmala Sitharaman, India's finance minister. Picture: T.NARAYAN/BLOOMBERG

The government will also seek buyers for Shipping Corporation of India, IDBI Bank and two other banks, finance minister Nirmala Sitharaman said in her speech on Monday outlining the nation’s budget for the year starting April 1.

 

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