India to privatise state-run firms and halt fresh insolvencies amid virus crisis

India to privatise state-run firms and halt fresh insolvencies amid virus crisis

A worker walks by Marine Drive in Mumbai, Maharashtra, India. Photo: Yang Jing/unsplash

India said on Sunday it would privatise staterun companies in non-strategic sectors and stop fresh insolvency cases for a year, as the country battles with the economic fallout from the coronavirus pandemic.

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