In this episode, Arup Roychoudhury explains the progress in the governments privatisation plans.
In February 2020, Finance Minister Nirmala Sitharaman announced that the government has planned to sell a part of its stake in LIC via public offering. However, due to the COVID-19 pandemic, the plan has been stalled and it may take several months to set up the IPO. Other privatisation plans have also been postponed.
Meanwhile, the finance ministry may also announced a stimulus closer to Diwali which would focus on helping the travel and hospitality sector.