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Insolvency & Bankruptcy Code:BIG
●Debts related to #Covid_19india will be excluded from default under IBC
●No fresh insolvency proceedings for 6 months (1yr)
●Special insolvency framework for MSMEs u/a 240A
●Minimum threshold for MSME insolvency raised to Rs 1Cr via Oridnance
●Most sections in Companies Act related to technical violations to be decriminalized

●Amendments via Ordinance to drop 7 compoundable offenses + 5 others.

Details of IBC and Cos Act.

●Direct listing of securities by Indian companies in foreign jurisdictions

●Pvt cos that list BCD on stock exchanges not to be considered as listed cos


All sectors to be open for private companies.


●India's Public sector undertakings to be privatized

One of the biggest signals given by govt about unshacking the economy and reducing govt controls.

Well done @PMOIndia @FinMinIndia @nsitharaman @ianuragthakur

●Centre agrees to States request for increased borrowing.

●States borrowing limits hiked to 5% from 3% for current financial year ending Mar 31, 2021 ONLY.

●Rs 4.28 LkCr extra borrowing.

States net borrowing for FY21 projected Rs 6.41 LkCr at 3% of GSDP


Govt Sources:

Public sector privatization policy should not be misconstrued especially in the context of state-owned Banks.

The formulation will specify strategic sectors.

For banks, consolidation via mergers remains the core strategy.
●Higher borrowing limits for states are conditional to graded implementation of reforms.

●First 0.5% is unconditional (from 3% to3.5%).

●Next 1% in 25 bps each linked to specified actions.

The maths of Rs 20 Lakh Crore for #atmanirbhar

The maths of Rs 20 Lakh Crore for #atmanirbhar

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