Govt to privatise non-strategic PSUs, suspend new bankruptcy filings

Sitharaman also raised the allocation for the employment guarantee scheme by Rs 40,000 crore over and above the Rs 61,000 crore budgeted for MGNREGS

The Centre on Sunday announced plans to privatise PSUs in non-strategic sectors and suspend loan default-triggered bankruptcy filings for one year in the fifth and final tranche of its economic stimulus package that together with RBI's liquidity measures totalled to about Rs 21 lakh crore but entailed less than 10 per cent cash outgo from government coffers.

Finance Minister Nirmala Sitharaman, whose previous four parts of the stimulus package involved credit line to small businesses and new fund creations to be shouldered by banks and financial institutions with very little extra budget spending, announced a Rs 40,000 crore hike in