New Delhi: The first general budget of this decade was presented in the House by Finance Minister Nirmala Sitharaman on 1 February. The Finance Minister made several big announcements while presenting the Budget 2020-21. On one hand, the government announced Rs 64,180 crore to promote health infrastructure. At the same time, now the government is going to sell its stake in many government sectors. The Modi government has also proposed to privatize two banks. At the same time, the government is also going to sell the stake of the insurance company. Political debate has intensified regarding this.
Other opposition parties like Congress have attacked the Modi government fiercely. Opposition parties have alleged that the government is going to sell public property in order to speed up the economy. This will harm the common people. The government has said that despite Kovid-19, it is working towards strategic disinvestment.
Know which companies are going to sell their stake …
BPCL
Air India
Shipping Corporation of India
Container Corporation of India
IDBI Bank
BEML
Pawan Hans
Neelachal Steel Corporation Limited
Two other banks and General Insurance Company also proposed to be privatized
IPO of LIC to be in 2021-22
