Divestment Plan Back On Track; BEML, ITDC Next On Agenda moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
FM Sitharaman: No amount of Govt steps adequate to deal with COVID-19 impact
Sitharaman said that although the economy was witnessing a revival in early 2020, the pandemic impacted the recovery. Finance Minister Nirmala Sitharaman during an event at the Indian Chamber of Commerce. (Photo: IANS)
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Updated: Dec 18, 2020, 08:52 AM IST
Union Finance Minister Nirmala Sitharaman on Thursday (December 17) said that any amount of government intervention will not be adequate to deal with the impact of novel coronavirus on the economy.
Addressing an event of the Indian Chamber of Commerce (ICC) virtually, Sitharaman said that although the economy was witnessing a revival in early 2020, the pandemic impacted the recovery. Since March, she has announced a number measures to support the economy and businesses amid the pandemic and more measures are expected going ahead. So far the stimulus measures by the government and the Reserve Bank of India (RBI) add u
Says Centre will better the pace of public expenditure going forward
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| A+A A- By Express News Service
NEW DELHI: Asserting that the government will not shy away from taking strong decisions, Finance Minister Nirmala Sitharaman on Thursday said that the Centre will move ahead with its aggressive divestment policy and continue to roll out strong reforms.
“(This is) a government which is looking at progressive reforms, a government which does not shy away from taking very strong decisions. And a government which has made very clear that the disinvestment agenda, for which the cabinet has given clearance, will go on,” she said addressing the annual general meeting of the Indian Chamber of Commerce (ICC).
Government to press ahead with PSU stake sale: Finance Minister Nirmala Sitharaman
Photo Credit: PTI
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday.
Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India s strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses. Even during the pandemic, our efforts to disinvest some of those big companies are going on fine. The EoIs have come in, the next stage is going on and even within this financial year. I expect DIPAM to be able to prove that they are even more actively engaging in those disinvestments for which cabinet has already given approval, Sitharaman said while addressing the AGM of the Indian Chamber of Commerce and Industry (ICC).
Govt to press ahead with PSU stake sale, says Nirmala Sitharaman hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.