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Budget plan to privatise two PSBs: Centre may have to tweak the ‘nationalisation’ laws K.R.Srivats New Delhi | Updated on February 17, 2021 In her Budget speech, Finance Minister had said: “Other than IDBI Bank, we propose to take up the privatisation of two public sector banks and one general insurance company in 2021-22.”   -  Getty Images/iStockphoto In her Budget speech, Finance Minister had said: “Other than IDBI Bank, we propose to take up the privatisation of two public sector banks and one general insurance company in 2021-22.”   -  Getty Images/iStockphoto× Changes t...

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Unde

Some missing ‘pillars’ in the Budget Reviving jobs, economy   -  /iStockphoto× More funds could have been allocated to MGNREGA and PM Garib Kalyan Yojana to spur short-term demand Budget 2021-22, presented in the backdrop of Covid-19, has three major challenges: Containment of the pandemic; massive job losses due to the lockdown; and unprecedented contraction of GDP. The deceleration in growth in eight quarters prior to Covid-19 has further added pressure on growth revival. The massive job losses have hit consumption, resulting in demand deficiency and GDP contraction. The ‘Atman...

The shape of India's selloff plan: 300+ PSUs may shrink to barely two dozen SECTIONS Share Synopsis The govt may reduce the number of public sector enterprises to just around two dozen, from over 300 at present, following the new policy that focuses on privatisation in non-core sectors, while shutting down loss making state-run enterprises. Power has been identified as a core sector, where a bare minimum presence of the public sector enterprises will be maintained (This story originally appeared in on Feb 08, 2021)The government may reduce the number of public sector enterprises to just ar...

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