India targets $6 billion from asset sales in FY13: Pranab

New Delhi: India plans to raise 300 billion rupees by selling stakes in state-run firms in the fiscal year that begins on April 1, Finance Minister Pranab Mukherjee said on Tuesday.

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The government has also set a target of 250 billion rupees from asset sales for the 2013/14 fiscal year, Mukherjee told lawmakers in a written reply.

Mukherjee said the projections are based on the medium-term fiscal policy laid out last year.

Reuters