Non-strategic PSUs to be privatised; MGNREGS to get additional Rs 40,000 cr



In the fifth and final tranche of her economic package, Finance Minister Nirmala Sitharaman on Sunday announced that the government would allocate additional Rs 40,000 crore, over and above the budgeted Rs 61,000 crore, to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in order to generate more employment in the country. Borrowing limit of states has been raised from 3 per cent of Gross State Domestic Product to 5 per cent in 2020-21, the finance minister said.

She said that reforms in the seven sectors will be the focus of the fifth and final tranche of economic stimulus package to deal with the economic fallout of the pandemic. "Package would focus on MGNREGA, healthcare and education, businesses, de-criminalisation of the Companies Act, ease of doing business, public sector undertakings, and resources related to state government," she pointed out.

New policies related to public sector undertakings (PSUs) would be announced soon to ensure those in strategic sectors would remain present, and the rest would either be privatised or merged, Sitharaman said.

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