Private Company definition made clearer for PPP Funding

Any company where the Centre, state government, or both, doesn't hold at least 51 per cent of equity would be treated as a private-sector company for financial support under Public- Private-Partnership (PPP). This decision was taken by the Cabinet Committee on Economic Affairs (CCEA) and pertained to a particular kind of financial support - Viability Gap Funding (VGF). A subsidiary of a government company would also be treated as a government firm.