The proposal envisages selling about 5% equity stake in ONGC, 3% in IOCLand 10% in OIL. 

The Ministry of Finance has removed three existing companies GAIL, Engineers India Ltd (EIL) and Container Corporation of India from the CPSE ETF lot, replacing them with four new companies.

There have been enough pointers since the Budget announcements in February to show that the government's finances are perhaps not in a great shape.