New Delhi [India], August 11 (ANI): The government plans to complete privatisation of Air India and Bharat Petroleum Corporation Ltd (BPCL) this year, Tuhin Kant Pandey, Secretary at the Department of Investment and Public Asset Management (DIPAM) said on Wednesday.
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FinMin sees multiplier effect from capex, heavy infra spend
Tuhin Kanta Pandey - Businessline
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Confident of managing the enhanced borrowings through long/short-term instruments
Finance Minister Nirmala Sitharaman’s Budget A team is confident that the proposals will unleash a multiplier effect in the economy, while giving a much-needed infrastructure sector push.
This expansionary Budget also caters to the immediate needs around increased spend on health and other social programmes in a post-pandemic world. Although the government proposes to go in for a large borrowing of around ₹12-lakh crore in FY 21-22 as well, the Finance Ministry honchos are confident that a roadmap is in place for accomplishing these borrowings through a mix of long and short-term instruments.