●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
●Amendments via Ordinance to drop 7 compoundable offenses + 5 others.
●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
●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
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.
●First 0.5% is unconditional (from 3% to3.5%).
●Next 1% in 25 bps each linked to specified actions.