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Government to press ahead with PSU stake sale: Finance Minister Nirmala Sitharaman Photo Credit: PTI The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India s strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses. Even during the pandemic, our efforts to disinvest some of those big companies are going on fine. The EoIs have come in, the next stage is going on and even within this financial year. I expect DIPAM to be able to prove that they are even more actively engaging in those disinvestments for which cabinet has already given approval, Sitharaman said while addressing the AGM of the Indian Chamber of Commerce and Industry (ICC).

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