Why is the government of India disinvesting its equity in the Central Public Sector Enterprises (CPSE)?
1. The Government intends to use the revenue earned from disinvestment mainly to pay the External debt
2. The Government no longer intends to retain the management control of CPSEs
Which of the statements given above is/are correct?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2