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The introduction of-the Direct Taxes Code and-the the proposed Goods
and Services Tax will mark a watershed. These reforms will result in
moderation of rates, simplification of-laws and-better
better compliance. Among-
the other steps that are being taken for-the
the introduction of GST is-the
is
establishment of a strong ITT infrastructure. The Government's programme
to broad base the ownership of Central Public-Sector
Sector Undertakings has
received an overwhelming response. The six public issues in-the-current
in
financial year have attracted around 50 lakh retail investors. As against
a a
target of Rs.40,000
40,000 crore, the Government will raise about Rs.22,144
Rs crore
from disinvestment in 2010-11. A higher-than
than anticipated realisation in non-
tax revenues has led us to-reschedule some of-the the divestment issues
planned for-the-current-year. I-intend to-maintain-thethe momentum on
disinvestment in 2011-12 by raising Rs 40,000 crore. Let-me me reiterate here
that-the Government is committed to-retain at-least
least 51 per cent ownership
and management control of-the CPSUs, as stated earlier in--my Budget
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