nirmala sitharaman privatization announcement: big announcement by finance minister nirmala sitharaman – entry of private companies in every field
In the fifth and final phase of the ‘Self-reliant India Package’, the government today announced opening of all sectors to private companies, reducing the number of public programs, allocation for MNREGA and increasing investment on health and major changes in company law and insolvency laws. .
Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur told reporters that the government will introduce a new Public Undertaking policy in which all sectors will be opened to private sector companies. Public enterprises will be able to do business only in select strategic areas. These sectors will be notified.
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These sectors will also have presence of at least one and at least four public sector undertakings. Private companies will also do business in these areas. Public enterprises working in other areas will be privatized. If there are more than four public companies in a strategic area, they will be merged or privatized.
He informed that government investment on health will be increased. Basic healthcare facilities will be strengthened. Special blocks for infectious diseases will be made in every district hospital. Public health laboratories will be set up at the block level. Research will be encouraged. The blueprint of the National Digital Health Mission will be prepared.