Govt. to Lower Stake in PSU Banks

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Jaitley Caught in Defence-Finance Crossfire www.ambitionias.com
  • 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.
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