Prime Time With Ravish Kumar: Are PSU Banks Next In Line For Government's Privatisation Policy?

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Prime Time With Ravish Kumar – July 28, 2020: On today’s Prime Time, we take a look at the impending NPA crisis that India’s banking sector faces amid the economic slowdown due to the coronavirus pandemic. Does the government have adequate checks in place to safeguard banks from loan defaults? Is privatisation of public sector companies the best way to keep money flowing into government coffers? Unveiling the fifth tranche of India’s fiscal package in May, Finance Minister Nirmala Sitharaman had announced the government’s new privatisation policy. “To minimise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised or merged or brought under holding companies,” she had said. (Audio in Hindi)

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