boi privatisation - Daily News Capsule

Clearing the air over the privatization of Indian Railways, which has been opposed by several leaders, Union Railway Minister Piyush Goyal on Tuesday said that Indian Railways will not be privatized and will always remain with the government. However, the Minister also stressed the need for private investment for the more efficient functioning of the railways. Also, read | Nirmala Sitharaman discussed the global economic outlook with US Treasury Secretary Speaking on the Demand for Grants of Ministry of Railways 2021-22 in the Lok Sabha, Goyal Said - That there has been no death of any passenger due to a rail accident in two years. Mr. Goyal said the Modi government has hiked investment in railways to ₹ 2.15 lakh crore in 2021-22 fiscal, from ₹ 1.5 lakh crore in 2019-20 ...

India’s government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. Privatisation of the banking sector, which is dominated by state-run behemoths with hundreds of thousands of employees, is politically risky because it could put jobs at risk but Prime Minister Narendra Modi's administration aims to make a start with second-tier banks. The report said two of these banks will be selected for sale in the next financial year, 2021-22, starting April. Privatisation of these banking behemoths employing thousands may put jobs at risk, but this would let the government test the waters in the first round before moving on to bigger banks, it added. The government, how...

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Indian Railways Will Never be Privatized Says Piyush Goyal