Cabinet nod sought for Scooters India disinvestement
Heavy Industries Ministry has sought an approval from the Cabinet for disinvesting the government’s stake in loss-making automaker Scooters India. "Once the Cabinet gives an in-principle approval... the modalities will be chalked out," Heavy Industries Minister Anant Geete said. Earlier, government think tank NITI Aayog had identified eight PSUs for closure after finding them unfit for revival.