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Although the banking and insurance sector will be kept as public, the government has some other plans which were put forward during today’s budget session:-
- To hike the promoter shareholding in PSUs
- To encourage people participation in disinvestment
- Banks and insurance to remain in public sector
- Banking network to be expanded
- One banking centre in every block planned
- 160% hike in ADPRP
- Capital blend in PSU banks to keep them competitive
