PM Modi steps up economic reforms, eyes privatisation
People watch the results of Maharashtra state elections outside Bharatiya Janata Party (BJP) party office in Mumbai October 19, 2014.
A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad March 2, 2012.
(Reuters) - India moved a step closer to selling a stake in a state-run oil company on Monday, keeping up Prime Minister Narendra Modi's momentum on economic reform after bringing the prices of diesel and natural gas more in line with the market's.