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On Wednesday, the Cabinet has approved the proposal to sell 10 percent equity stake in Coal India, the largest coal mining company of the Country.
At present, the government of India has 79.65 percent equity shareholding in the company, whereas foreign institutional investors has 9.04 percent stake and domestic institutional investors 8.44 percent stake as of September 2015.
The Cabinet, apart from divestment has also approved to finance incentives for sugarcane farmers in the form of subsidy of Rs 4.50 per quintal on sugar for farmers.
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