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Budget-2021-22:Govt yet to identify 2 PSU banks and a gen insurer to be privatised,Fin Secy Pandey
`Privitisation of a public sector banks or an insurance company depends upon a lot of processes which will begin now. We will examine which of the PSU banks excluding IDBI Bank and insurance company is ready or to be made ready. It will be a time consuming process. We will announce names once we identify these companies” said Ajay Bhusan Pandey, finance secretary, Ministry of Finance,.
“The NITI Awill do the due diligence and indenitify the names of the PSU banks and general insurance company that will be privatised. Then the proposals will go to Core Group of Secretaries on Disinvestment(CGD) and then to Alternate mechanism for the finalising the names . The privatisation process of PSUs is part of reforms agenda of the government and is a continuous process and shouldn’t be evaluated in one year, Debasish Panda, Secretary, DFS .
Budget-2021-22:India proposes tax benefits to establish domestic aircraft leasing
Health sector hails increased allocation, new schemes
The Finance Minister announced that Rs 64,180 crore will be invested over six years to improve primary, secondary and tertiary healthcare.
“Her focus on improving rural and urban health infrastructure in addition to the existing National Health Mission will certainly see many new initiatives coming up, which will help improve the health index of people in the country. Spending on improving supply of potable water through Jal Jeevan Mission too will improve health of citizens across India,” Mervin Leo, Cluster COO, Gleneagles Global Hospitals, told IANS. .
Budget 2021: Social security benefits to be extended to platform and gig workers, says FM
A portal will be set up to collect info on gig and platform workers, building and construction workers, among others, to provide them with benefits like health, credit (easy financing), food, and others, Sitharaman said in her speech.
She noted that for the first time Code on Social Security Code 2020 has made provision for universalisation of social security for the entire workforce including gig and platform workers.
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