Government starts SUUTI stake sale process
The government has initiated the process to sell its stake in 51 companies held through the Specified Undertaking of the Unit Trust of India (SUUTI) to boost revenue by about ₹50,000 crore. The asset sales would help the government meet its disinvestment revenue target of ₹56,500 crore for 2016-17 and reduce the fiscal deficit projected at ₹5.33 lakh crore.