In a major disinvestment push, Finance Minister Nirmala Sitharaman on Monday announced that the government plans to take control of two public sector banks and one general insurance company for stake sale in 2021-22. She added that the government will launch Life Insurance Corporation's (LIC) initial public offering. The government's disinvestment revenue target is Rs. 1.75 lakh crore for the upcoming financial year.
source https://www.newsbytesapp.com/news/india/budget-2021-disinvestment-of-two-public-sector-banks-announced/story
source https://www.newsbytesapp.com/news/india/budget-2021-disinvestment-of-two-public-sector-banks-announced/story
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