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    Bold Privatisation Bet

    Feb 04, 2021 4 minutes
    BY DIPAK MONDAL
    ILLUSTRATION BY RAJ VERMA

    Finance Minister Nirmala Sitharaman reiterated the Centre’s commitment to privatise most government-owned firms barring a few in four strategic sectors, in her Budget speech.

    She also announced a comprehensive asset monetisation plan by creating a National Monetisation Pipeline, under which assets such as road projects, railway freight corridors, gas and oil pilpelines etc would be put up for sale or leased to private players. The finance minister also announced plans to privatise two public sector banks and one general insurance company in 2021/22. PSUs, including Air India, BPCL, CONCOR and Shipping Corporation of India, are already up for privatisation.

    Also, despite falling short of the disinvestment target of ₹2.1

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