The government can also individually exempt the PSBs, that are to be privatisated from the two Bank Nationalisation Acts. This will bring such lenders under Banking Regulation Act, and make them companies, reports Nikunj Ohri.
'Technology is streamliming the entire process of aid distribution and making it transparent and digital.'
'The government will take proactive steps to see that their participation in the equity market, especially in PSU stocks, is rewarding.'
'While there has been an impact on economic activity, it is not as profound as the lockdown last year.'
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
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