It seems that the UPA government is departing from its state policy of 10% divestment in profit making public sector undertakings. This as the government is struggling to achieve its 4.6% fiscal deficit target, in the face of increasing oil and fertilizer subsidies.
Minister for Heavy Industries Praful Patel said on Friday that there could be tariff restrictions and restrictions on indiscriminate imports of industrial equipment to protect the Public Sector Undertakings (PSUs) from tough competition from Chinese equipment and products.
With mobile subscribers growing at the pace of over 15 million every month, the telecom sector is likely to witness huge investments to the tune of Rs 5 lakh crore in the next five years plans (2012-2017).
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