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Cabinet approves stake sales in ITDC, STC

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's cabinet has approved planned stake sales in state-run India Tourism Development Corp Ltd and State Trading Corp of India Ltd , a government minister said on Thursday.

The cabinet also approved setting up of a new regulatory body for the aviation sector to replace the current regulator, information and broadcasting minister Manish Tewari told reporters.

(Reporting by C.K. Nayak; Editing by Sunil Nair)

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First Published: Jul 11 2013 | 12:32 PM IST

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