Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Divestment Mop-Up To Cross Rs 70,000 Crore After PFC-REC Deal

The government is just Rs 10,000 crore short of meeting the divestment target for the ongoing financial year as it approved the sale of its entire stake in power sector financier REC Ltd. to state-...