Indian budget to aim higher on state asset sales

Newswire

By Surojit Gupta NEW DELHI, Feb 18 (Reuters) - India's ruling coalition is likely to be more aggressive in the coming year in selling stakes in state-run firms, but will restrict its offers to minority holdings in order to keep its communist allies sweet. Under pressure to meet spending pledges and also cut the deficit, analysts and officials expect the government to prepare the parliament for 80-100 billion rupees ($1.8-$2.3 billion) in asset sales when it unveils its 2005/06 budget on ...

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