A major announcement made by Finance Minister Nirmala Sitharaman was that the government will privatise two public sector banks other than IDBI Bank. One general insurance company will also be privatised in the coming fiscal, she said. The government has pegged its target for disinvestment for FY 2021-22 at Rs 1.75 lakh crore. Sitharaman concluded her speech by saying, that there will be no relief for common taxpayers, without mentioning the Income Tax slab which means that IT slabs remains unchaged for 2020-21 fiscal.