{"id":362182,"date":"2020-07-10T10:21:38","date_gmt":"2020-07-10T04:51:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362182"},"modified":"2020-07-10T10:26:58","modified_gmt":"2020-07-10T04:56:58","slug":"govt-plans-to-raise-rs-20000-crore-by-selling-stakes-in-cil-idbi-bank","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-plans-to-raise-rs-20000-crore-by-selling-stakes-in-cil-idbi-bank\/","title":{"rendered":"Govt plans to raise Rs 20,000 crore by selling stakes in CIL, IDBI Bank"},"content":{"rendered":"<p>The Union government is considering a plan to raise as much as Rs 20,000 crore by selling stake in the world\u2019s largest coal producer, and IDBI Bank to fund a stimulus programme aimed at boosting the virus-battered economy, officials with knowledge of the matter said. <\/p>\n<p>The proposal involves a share sale depending on the market sentiment, said the officials, who asked not to be identified, as the discussions are private. In case of Coal India, if valuations are not attractive, the company will buy back shares from the government, they said. Two calls made to the finance ministry spokesman remained unanswered. <\/p>\n<p>The Covid-19 pandemic has derailed Prime Minister Narendra Modi\u2019s Budget goals. Rapid spread of the disease prompted the government to boost spending on welfare programmes and revive the economy struggling from the month long stay-at-home order.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union government is considering a plan to raise as much as Rs 20,000 crore by selling stake in the world\u2019s largest coal producer, and IDBI Bank to fund a stimulus programme aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on the market sentiment, said the officials, who asked not to be identified, as the discussions are private. In case of Coal India, if valuations are not attractive, the company will buy back shares from the government, they said. Two calls made to the finance ministry spokesman remained [&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":[135,170,130],"tags":[],"class_list":["post-362182","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362182","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=362182"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362182\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}