India to Ease Borrowing, Investment Rules For State Firms.

India plans to ease borrowing and investment rules for its state-owned companies, allowing them to borrow and invest without seeking government permission. Prime Minister Narendra Modi aims to help these firms diversify into new markets and boost manufacturing, creating jobs and reducing imports. The proposal is expected to be announced in India's annual budget presentation. This move is part of the government's efforts to improve corporate governance and competitiveness in state-run firms. Some of the proposed changes include reducing the size of the board of directors, creating more classification categories, and implementing mandatory listing of shares for all categories. [Extracted from the article]

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