https://www.taxtmi.com/news?id=4551 The CCEA directed that future disinvestment proceeds be credited to the National Investment Fund in the public account until utilized; the NIF will fund government subscription to CPSE equity on a rights basis to preserve government majority ownership, enable preferential allotments under SEBI rules for fresh equity raised for capex, and finance recapitalization of public sector banks and insurance companies, with current fund managers discharged upon transfer of funds and accrued interest. en-us Thu, 17 Jan 2013 15:47:03 +0530 Thu, 17 Jan 2013 15:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4551 The CCEA directed that future disinvestment proceeds be credited to the National Investment Fund in the public account until utilized; the NIF will fund government subscription to CPSE equity on a rights basis to preserve government majority ownership, enable preferential allotments under SEBI rules for fresh equity raised for capex, and finance recapitalization of public sector banks and insurance companies, with current fund managers discharged upon transfer of funds and accrued interest. News - Thu, 17 Jan 2013 15:47:03 +0530 https://www.taxtmi.com/news?id=4551