InvestorQ : Is the government really serious about opening up all sectors for private participation as announced by the FM on the last day of her stimulus package roll-out?
Ria Jain made post

Is the government really serious about opening up all sectors for private participation as announced by the FM on the last day of her stimulus package roll-out?

Answer
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Anu Biswas answered.
5 months ago


The government made two key announcements on Sunday. Firstly, all sectors will be opened up for private sector and even in highly strategic sectors and private players will only be barred from 100% ownership. Manufacturing will still be allowed in such cases. In another important move, the government decided to halt all fresh insolvencies under the IBC for the next one year. Also, COVID-19 debt will be excluded from the definition of default, which should be a relief for corporates.