The Narendra Modi government plans to privatise state-run banks and a general insurer to raise funds for its ambitious infrastructure and healthcare spending plans, finance minister Nirmala Sitharaman said in the budget, clearly signalling a move away from state domination of financial services.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/budget-2021-big-reform-push-in-banking-insurance/articleshow/80639960.cms
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