NEW DELHI, Feb 13 (Reuters) - The Indian government is
likely to allocate 200 billion rupees ($3.71 billion) for
capital infusion in state-run banks in the next financial year,
a finance ministry official with direct knowledge of budget
talks told Reuters on Wednesday.
The official refused to be named as the information is a
Finance Minister P. Chidambaram will reveal the amount in
his budget speech on Feb. 28.
In the current fiscal year ending in March, the government
set aside 150 billion rupees to inject capital.
The government will also try to raise 400 billion rupees in
the new fiscal year through a partial privatisation of state-run
companies, higher than 300 billion rupees it is aiming this
year, the official said, adding this had not been finalized.
($1 = 53.9300 Indian rupees)
(Reporting by Rajesh Kumar Singh)