{"id":281217,"date":"2019-07-10T05:06:52","date_gmt":"2019-07-10T05:06:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281217"},"modified":"2019-07-10T05:06:52","modified_gmt":"2019-07-10T05:06:52","slug":"govt-may-give-up-direct-control-of-energy-companies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-may-give-up-direct-control-of-energy-companies\/","title":{"rendered":"Govt may give up direct control of energy companies"},"content":{"rendered":"<p>New Delhi: India will likely give up direct control of its most-profitable state-run behemoths as Prime Minister Narendra Modi seeks to keep budget deficit in check, while reviving investments to spur economic growth.<\/p>\n<p>The government has identified the biggest energy companies such as Oil &amp; Natural Gas Corp, Indian Oil Corp, NTPC Ltd. and GAIL India Ltd as probable candidates for cutting its direct holding to below 51%, Atanu Chakraborty, who steers Modi\u2019s asset sale department, said in an interview in New Delhi. \u201cGovernment\u2019s indirect holding, through arms such as Life Insurance Corp. of India, will stay above 51%.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: India will likely give up direct control of its most-profitable state-run behemoths as Prime Minister Narendra Modi seeks to keep budget deficit in check, while reviving investments to spur economic growth. The government has identified the biggest energy companies such as Oil &amp; Natural Gas Corp, Indian Oil Corp, NTPC Ltd. and GAIL India Ltd as probable candidates for cutting its direct holding to below 51%, Atanu Chakraborty, who steers Modi\u2019s asset sale department, said in an interview in New Delhi. \u201cGovernment\u2019s indirect holding, through arms such as Life Insurance Corp. of India, will stay above 51%.&#8221;<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-281217","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281217"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281217\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}