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Updated Feb 17, 2021 | 06:30 IST
Earlier this month, Finance Minister Nirmala Sitharaman presented a Rs 34.5 lakh crore-budget for 2021-22 in the backdrop of the coronavirus pandemic. Finance Minister Nirmala Sitharaman. (File photo) | Photo Credit: BCCL
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday explained the government s priorities to the Reserve Bank of India s central board during their first meeting after the presentation of the Union Budget 2021-22.
As per the tradition, the finance minister holds customary meeting with the board members of the RBI and the Securities and Exchange Board of India (Sebi) after Budget presentation every year.
The finance minister addressed the 587th RBI central board meeting and informed the members about the key initiatives in the Budget and the priorities of the government, RBI said in a statement.
Budget plan to privatise two PSBs: Centre may have to tweak the ‘nationalisation’ laws
K.R.Srivats
New Delhi |
Updated on
February 17, 2021
In her Budget speech, Finance Minister had said: “Other than IDBI Bank, we propose to take up the privatisation of two public sector banks and one general insurance company in 2021-22.” - Getty Images/iStockphoto
In her Budget speech, Finance Minister had said: “Other than IDBI Bank, we propose to take up the privatisation of two public sector banks and one general insurance company in 2021-22.” - Getty Images/iStockphoto×
Changes to the two laws that enabled govt to takeover lenders in 1970 and 1980 may be made in the monsoon session
Sitharaman addresses RBI board, explains priorities of govt
India
Updated: Tuesday, February 16, 2021, 17:09 [IST]
New Delhi, Feb 16: Finance Minister Nirmala Sitharaman on Tuesday explained the government s priorities to the Reserve Bank of India s central board during their first meeting after presentation of the Union Budget 2021-22.
As per the tradition, the finance minister holds customary meeting with the board members of the RBI and the Securities and Exchange Board of India (Sebi) after Budget presentation every year.
The finance minister addressed the 587th RBI central board meeting and informed the members about the key initiatives in the Budget and the priorities of the government, RBI said in a statement. Complimenting the finance minister on the budget, the board members made various suggestions for consideration of the government, it added.