Government plans PSU stake sales to recoup loss from tax cut

The government last month received Rs 1.76 lakh crore from RBI in the form of a transfer of dividend and surplus, which is almost double the budgeted amount of Rs 90,000 crore. Talking to reporters on Sunday, finance minister Nirmala Sitharaman said that government had not taken any decision with regard to the usage of the money it has received from the RBI.

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