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It took a Covid for the govt to realize that Companies Act should not have criminal provisions. This has been removed now, apparently.
NCDs will not be considered listed. This is decent in terms of founder compensation etc. But I think disclosure norms are the same
PSU will continue but new policy - strategic sectors vs others. Strategic will be notified, at least one PSU will be there. This is perhaps for Air India.
Not more than 4 PSUs in a strategic sector. Like in Banks I guess. Merge out the rest.
Note: Can we not call this "stimulus". This is a set of business-as-usual announcements so far.
State govts can borrow 4.28 lakh crore more. Basically, let states borrow and provide local stimulus.
But there is all sort of nonsense around central control (like centre will put milestones).

Yes, states have behaved badly in the past. So has the center. THis is not the time to do milestone based increases in debt. THis is not stimulus - just more red tape.
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