NEW DELHI: The federal government on Sunday announced suspension of brand-new insolvency filings on loan defaults for one year and raised the threshold for insolvency as it transferred to reduce COVID-19 pain for the industry.
It also revealed a brand-new policy for business under state control stating public sector endeavors under the non-strategic sector will be privatised while those in the determined tactical sector would be topped by not more than 4 by merging a few of them.
In the fifth and last tranche of the economic stimulus bundle, Finance Minister