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Why is the Government of India disinvesting its equity the Central Public Sector Enterprises (CPSEs)?

1. The Government intends to use the revenue earned from disinvestment mainly to pay back the external debt.

2. The Government no larger intends to retain the manager-e- control of the CPSEs.

Which of the statement(s) given above is/are correct?

A)  Only 1             

B)  Only 2

C)  Both 1 and 2                

D)  Neither 1 nor 2