India to raise about $9 billion from state-asset sales this year is in tatters
Posted in the Banking Forum
#1 Oct 15, 2013
It is the Sign of the future: A Nation of the Poor...NEW DELHI (Reuters)- India's plan to raise about $9 billion from state-asset sales this year is in tatters, prompting the government to consider demanding state-run firms pay higher dividends as a way of papering over cracks in its budget.
Four finance ministry officials with direct knowledge of the matter said that with the stake-sale target looking increasingly difficult to reach, they were preparing to take a decision early in the new year on other ways to raise cash.
The Point: It is $ 9 B in India and It could be $ 900 B in US soon..Watch out the government spending!!!
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