Govt. to Lower Stake in PSU Banks

Jaitley Caught in Defence-Finance Crossfire
  • The government will soon announce a series of major banking reforms, including lowering its stake in state-owned banks to 51 per cent, Union Finance Minister Arun Jaitley said.
  • Apart from banking reforms, Jaitley also said that the government is trying to bring in more clarity on tax norms and resolve tax issues to give a “stable and predictable” tax regime.