<h1>Government Approves New ETF Mechanism for CPSEs and Banks, Retaining Majority Stake in Divestments.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, has approved an alternative mechanism for creating and launching a new Exchange Traded Fund (ETF). This mechanism allows for decisions on divestment through ETFs from all listed Central Public Sector Enterprises (CPSEs), ensuring the government retains a 51% stake. It also covers divestment in public sector banks and financial institutions, maintaining a 52% government stake. The committee will handle ETF-related decisions, including portfolio constitution, pricing, incentives for investors, and other disinvestment methods.