{"id":301021,"date":"2019-11-15T11:07:04","date_gmt":"2019-11-15T05:37:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301021"},"modified":"2019-11-15T11:25:11","modified_gmt":"2019-11-15T05:55:11","slug":"to-meet-fiscal-deficit-target-govt-may-pare-its-ioc-stake-to-under-51","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/to-meet-fiscal-deficit-target-govt-may-pare-its-ioc-stake-to-under-51\/","title":{"rendered":"To meet fiscal deficit target, govt may pare its IOC stake to under 51%"},"content":{"rendered":"<p>India plans to reduce its stake in Indian Oil Corp. to below 51% while ensuring the government and state-run companies retain control of the nation\u2019s largest oil refiner, people with knowledge of the matter said. <\/p>\n<p>Prime Minister Narendra Modi\u2019s cabinet will consider, as early as next week, a proposal to sell shares in some companies, including Indian Oil, to below 51%, the people said, asking not to be identified as the plan is not public. India directly holds 51.5% in Indian Oil, and another 25.9% through state-run Life Insurance Corp. of India, and explorers Oil &amp; Natural Gas Corp. and Oil India Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India plans to reduce its stake in Indian Oil Corp. to below 51% while ensuring the government and state-run companies retain control of the nation\u2019s largest oil refiner, people with knowledge of the matter said. Prime Minister Narendra Modi\u2019s cabinet will consider, as early as next week, a proposal to sell shares in some companies, including Indian Oil, to below 51%, the people said, asking not to be identified as the plan is not public. India directly holds 51.5% in Indian Oil, and another 25.9% through state-run Life Insurance Corp. of India, and explorers Oil &amp; Natural Gas Corp. and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-301021","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301021","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301021"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301021\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}