INDIA- The Government announced a clutch of measures – including a stake sale on Coal India, revival of stalled projects, and interest relief for exporters, – aimed largely at propping up sagging revenues in the face of a global demand slump.

At a time when markets remain volatile due to global cues, the Cabinet cleared a 10% disinvestment in the Coal India Ltd (CIL), besides approving an initial public offer (IPO) for Cochin Shipyard, power Minister Piyush Goyal said in a post-Cabinet meeting briefing. The move came at a time when the Government is finding it hard to raise even half of the budgeted Rs 69,000 crore from disinvestment and strategic sales. (India Digest/ Business Standard)…[+]