India considers creating bank with $13.7 billion equity capital to fund roads
3 years, 11 months ago

India considers creating bank with $13.7 billion equity capital to fund roads

Hindustan Times  

India is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi’s administration aims to lift Asia’s third-largest economy out of the recession. India faces the challenge of boosting spending on productive assets that aid economic growth after being forced to direct the bulk of stimulus last year on the poor and the farmers to protect them from a pandemic-induced slowdown. It could be on the lines of state-run National Investment and Infrastructure Fund Ltd., which counts the Canada Pension Plan Investment Board, Asian Development Bank and Abu Dhabi Investment Authority among its investors. Attracting foreign investment is also crucial to meet Modi’s goal of spending $1.5 trillion on new roads, rail links and other infrastructure over the next five years as public finances deteriorate.

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History of this topic

ADB and NaBFID collaborate to address the funding gap of India’s infrastructure sector
1 week, 4 days ago

ADB and NaBFID collaborate to address the funding gap of India’s infrastructure sector

Live Mint  

New Delhi, December 12 : The Asian Development Bank and India's National Bank for Financing Infrastructure Development have joined forces to bolster infrastructure financing in India. The collaboration also includes the provision of credit lines through ADB-facilitated private sector investments to support innovative projects that foster sustainable and inclusive growth across India. The two institutions signed a letter of intent …

₹100 trillion infrastructure plan to roll out over 5 years
2 weeks ago

₹100 trillion infrastructure plan to roll out over 5 years

Live Mint  

New Delhi: A grand plan to build India’s infrastructure to a new level is in the works. This person said the capital expenditure for infrastructure is likely to touch ₹100 trillion in five years, which would be used to transform India’s ports, airports, roads and other utilities. The blueprint would include a ₹20-trillion master plan to develop 50,000 km of …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
1 month, 1 week ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 1 week ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman
2 months, 4 weeks ago

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman

The Hindu  

Setty has said the bank has already got ₹4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year. As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure …

Need to address the $4 trillion financing gap, says Sitharaman
4 months ago

Need to address the $4 trillion financing gap, says Sitharaman

Hindustan Times  

New Delhi Growth remains the best antidote to many economic and social challenges, finance minister Nirmala Sitharaman said at the Voice of the Global South Summit on Saturday while underscoring the urgency for concessional finance to developing countries facing a nearly $4 trillion annual financing gap in meeting SDGs. Union Finance Minister Nirmala Sitharaman Highlighting inadequate access to development finance, …

What’s the Budget push for infrastructure?
4 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget 2024: Placing thrust on infrastructure
4 months, 4 weeks ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024: Growth, reforms and infrastructure
4 months, 4 weeks ago

Budget 2024: Growth, reforms and infrastructure

The Hindu  

The 2024 Budget signals policy continuity. Specifically, the Budget focuses on these key priorities - resilient agriculture, promoting skill development, driving employment and inclusivity, accelerating infrastructure development, energy security, fostering innovation and progressive reforms. Focus on infrastructure The government has earmarked an impressive capital expenditure of over ₹11 lakh crore, equivalent to 3.4% of the GDP, towards infrastructure development. By …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Net Zero By 2070: Why India Must Focus On Transition Finance, Decoupling Emissions From Growth
10 months, 1 week ago

Net Zero By 2070: Why India Must Focus On Transition Finance, Decoupling Emissions From Growth

ABP News  

Backed by a vibrant private sector, innovative technologies, and an enabling policy environment, India has made great strides in its transition towards a low-carbon economy. All this would require innovative financing and capital towards scaling up energy efficiency, renewable energy capacity, upgradations of grid network, assistance for enhanced energy access to last mile end user communities, and a just transition …

India’s growing economy needs bigger banks
10 months, 2 weeks ago

India’s growing economy needs bigger banks

Live Mint  

Finance minister Nirmala Sitharaman has said that India needs more banks the size of State Bank of India, or even larger. As our economy grows, lending capacity must expand and large lenders can lend larger sums without asset-concentration risk. In 2019, the government decided to merge at least 10 state-run banks to create four larger ones. Also expected was a …

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman
10 months, 2 weeks ago

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman

Live Mint  

New Delhi: India needs more “SBI-size” banks to meet the growing needs of the economy and industry, particularly as the country aspires to grow to be the world’s third-largest economy, finance minister Nirmala Sitharaman said. In an interview with Mint, the finance minister said the country needs to create an atmosphere so larger overseas banks can enter India, and more …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
10 months, 3 weeks ago

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore

News 18  

Ensuring more power to infrastructure development for economic growth and employment creation, a large sum of Rs 11,11,111 crore has been set aside as the capital expenditure outlay in the interim budget 2024. “Building on the massive tripling of the capital expenditure outlay in the last four years, resulting in a huge multiplier impact on economic growth and employment creation, …

India Needs $840 Billion Investment In Infra By 2036: World Bank
10 months, 3 weeks ago

India Needs $840 Billion Investment In Infra By 2036: World Bank

Deccan Chronicle  

Chennai: By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 per cent of GDP per annum, finds the World Bank. By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 per cent of GDP per annum. However, estimates suggest that between …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

Vision 2047: Infra to be biggest driver for growth push
11 months, 4 weeks ago

Vision 2047: Infra to be biggest driver for growth push

Live Mint  

New Delhi: India’s infrastructure sector is set to become the biggest driver for the country that aspires to become a $5 trillion economy soon and a developed nation by 2047. The newly adopted Vision 2047 document also lays emphasis entirely on infrastructure growth scaling up the pace of development of railways, roads, and ports surpassing most developed countries. Instruments like …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

ECONOMIC PERSPECTIVES | Neoliberal dilemma: Public sector banks turn a profit but privatisation not on cards for now
1 year, 6 months ago

ECONOMIC PERSPECTIVES | Neoliberal dilemma: Public sector banks turn a profit but privatisation not on cards for now

The Hindu  

Published : Jun 02, 2023 15:59 IST - 6 MINS READ The government’s economic spokespersons have been celebrating an ostensibly remarkable recovery in the country’s public banking sector. To ensure the solvency of and capital adequacy in banks, the government had to infuse Rs.3,10,997 crore into the public banking system from 2016-17 to 2020-21. Ever since the release of the …

Privatisation Of Banks To Go Forward As Per Schedule: Finance Minister Nirmala Sitharaman
1 year, 6 months ago

Privatisation Of Banks To Go Forward As Per Schedule: Finance Minister Nirmala Sitharaman

ABP News  

Union Finance Minister Nirmala Sitharaman on Monday said the privatisation of public sector banks will go ahead as planned. The minister, while addressing the media on the occasion of the Narendra Modi government completing nine years in power, in Mumbai said, "About the bank privatisation, they will go on as per schedule. "Other than IDBI Bank, we propose to take …

Good pipeline of projects in Telangana, more roads, bridges, renewable energy
1 year, 6 months ago

Good pipeline of projects in Telangana, more roads, bridges, renewable energy

The Hindu  

Telangana has responded with a good pipeline of projects and going forward likely to see more demand from projects to develop roads, highways and bridges as well as renewable energy and warehousing facilities, according to India Infrastructure Finance Company Managing Director P. R. Jaishankar. A government of India enterprise providing financial solutions to all sub-sectors of the infrastructure sector in …

RBI may buy $18 bn of bonds to boost liquidity, says B. Prasanna of ICICI
1 year, 6 months ago

RBI may buy $18 bn of bonds to boost liquidity, says B. Prasanna of ICICI

Live Mint  

The Reserve Bank of India may buy nearly $18 billion of government bonds to replenish banking liquidity that’s expected to tighten later in the year, according to a report by Bloomberg. The central bank may cut the cash reserve ratio by half a point in the second half of the fiscal and start buying bonds in the December quarter to …

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements
1 year, 10 months ago

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements

Hindustan Times  

The Narendra Modi government at the Centre will focus on economic growth and job creation and cut down the fiscal deficit, Union finance minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. She also said the enhanced capex of ₹10 lakh crore for infrastructure development is at 3.3 per cent of the …

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM
1 year, 10 months ago

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year. Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM Check budget live updates here Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. On October …

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman
1 year, 10 months ago

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 announced that the Centre will continue 50-year interest-free loans to State governments for one more year. Budget 2023 | Record allocation of ₹2.4 lakh crore for Railways On October 13 last year, Prime Minister Narendra Modi had launched the Gati Shakti - National Master Plan, aimed at developing integrated infrastructure to reduce logistics …

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman
1 year, 10 months ago

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman

India TV News  

Budget 2023: The Modi government on Wednesday announced that it has fixed capital outlay of Rs 2.40 lakh crore for railways in financial year 2023-24, as the Finance Minister Nirmala Sitharaman presented her 5th budget in the Parliament. BUDGET 2023: FULL COVERAGE Among other announcements regarding the infrastructure development, Sitharaman said that the states and cities will be encouraged to …

Budget 2023-24 Expectation: Boost liquidity flow to fintech and smaller NBFCs
1 year, 10 months ago

Budget 2023-24 Expectation: Boost liquidity flow to fintech and smaller NBFCs

Firstpost  

The new-age technology has fuelled the fintech industry’s rapid growth and expansion in recent years. Using the current user base to distribute new financial products and broadening the addressable market from digital to ‘phygital’ is likely to bring about the necessary business model modifications for a relatively mature and durable fintech industry. Flexible corporate laws needed The industry anticipates the …

Budget 2023: FM Sitharaman's past key budget announcements on banking
1 year, 10 months ago

Budget 2023: FM Sitharaman's past key budget announcements on banking

Hindustan Times  

Finance Minister Nirmala Sitharaman on February 1 will present the Union Budget for the fiscal year 2023-24. Budget 2019-20 In her first Union Budget as Finance minister, Nirmala Sitharaman announced to re-capitalise Public Sector Banks of ₹70,000 crore to boost credit which was part of previously announced ₹3 lakh crore capital infusion. Budget 2021-22 The budget of 2021-22 proposed setting …

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government
1 year, 10 months ago

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government

ABP News  

The Union Budget preparations have been in the full swing in the North Block. Asset Monetisation In the last fiscal the government targeted the national asset monetisation pipeline to accumulate Rs 1.62 lakh crore. According to various accounts, in this Budget the government may link budgetary allocation to infrastructure ministries to the progress and performance these ministries achieve in the …

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal
1 year, 10 months ago

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal

The Hindu  

The Finance Ministry will move ahead with the already-announced and planned privatisation of State-owned companies in the next fiscal, and the chances of the new addition to that list of CPSEs in the Budget for 2023-24 is unlikely, sources said. Nangia Andersen LLP, Partner- Government and Public Sector Advisory, Suraj Nangia said: "The privatization process often takes time, depending on …

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
1 year, 10 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

Budget 2023: What Fintech companies expect from Modi govt
1 year, 10 months ago

Budget 2023: What Fintech companies expect from Modi govt

India TV News  

Budget 2023: The Fintech sector has been a frontrunner for the growth of the India's financial industry. The sector is rightfully portrayed as a vital constituent for supporting Indian government’s efforts for financial inclusion and digital India, and a bridge to reach the $5 trillion economy target by 2025. With the upcoming Union Budget 2023-24, the timing has been ideal …

Budget 2023: Asset Monetisation May Determine Budgetary Support To Infrastructure, Says Report
2 years ago

Budget 2023: Asset Monetisation May Determine Budgetary Support To Infrastructure, Says Report

ABP News  

The Union Finance Ministry may link budgetary support to infrastructure ministries with the performance of their asset monetisation in Budget 2023-24, which will be presented by Nirmala Sitharaman on February 1, according to a report in Mint. A senior finance ministry official told Mint, “Performance in asset monetization will be one of the factors taken into account in determining budgetary …

India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report
2 years, 1 month ago

India has to invest $55 billion p.a. in urban infra to meet needs of growing population: World Bank report

The Hindu  

A new World Bank report estimates that India will need to invest $840 billion over the next 15 years— that is an average investment of $55 billion per annum— into urban infrastructure to effectively meet the needs of its fast-growing urban population. This is at a time when Public Private Partnership transactions for urban infrastructure in India have registered a …

India considering spending additional $26 billion to fight inflation: Report
2 years, 7 months ago

India considering spending additional $26 billion to fight inflation: Report

Live Mint  

The Indian government is considering spending an additional 2 trillion rupees in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters. The new measures will be double the 1 trillion rupees hit government revenues could take from tax cuts on petrol and diesel the finance minister announced on Saturday, …

The Union Budget: By leaps and bounds
2 years, 10 months ago

The Union Budget: By leaps and bounds

The Hindu  

With the Indian economy projected to retain the tag of fastest growing major economy, despite the pandemic, the industry draws comfort from the Union Budget 2022-23 which has prioritised long-term growth by boosting consumption. Moreover, the reiteration of commitment to circular economy, incentives for solar panel manufacturing, policy focus on EVs, incentives for private firms to partner in defence sector …

India budget leans on infrastructure to spur economic growth
2 years, 10 months ago

India budget leans on infrastructure to spur economic growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian Prime Minister Narendra Modi’s …

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs
2 years, 10 months ago

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs

ABP News  

New Delhi: As Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2022 on February 1, the Indian fintech industry is eyeing more opportunities and allocations, while simultaneously vying to soften the blows from the Covid-19 pandemic. Here are some of the expectations of the fintech industry from the Union Budget: Dilip Modi, founder, Spice Money The fintech industry …

India seen boosting budget spending on infrastructure
2 years, 10 months ago

India seen boosting budget spending on infrastructure

Deccan Chronicle  

NEW DELHI: India plans to raise spending on infrastructure in its annual budget next week to set the economy on a firmer footing, but fiscal constraints leave little chance of concessions for households hurting from the pandemic, officials said. Yet these are likely to be overshadowed by spending to beef up transport and healthcare networks, which analysts estimate could rise …

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23
3 years ago

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23

Firstpost  

Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on 1 February New Delhi: The government is unlikely to announce capital infusion for public sector banks in the upcoming Budget, as their financial health has improved on the back of reduction in bad loans, sources said. During the last financial year, PSBs raised …

OPINION: Demystifying National Monetisation Pipeline and Why India Needs It
3 years, 3 months ago

OPINION: Demystifying National Monetisation Pipeline and Why India Needs It

News 18  

India’s National Infrastructure Pipeline envisages an infrastructure investment of Rs 111 lakh crore over a period of five years. One of the strategies among them is ‘asset monetisation’ and the government has paved the way for preparation of a National Monetisation Pipeline of potential brownfield infrastructure assets to provide a medium-term roadmap for monetisation and give potential investors a ready …

How the National Monetisation Pipeline works
3 years, 3 months ago

How the National Monetisation Pipeline works

Hindustan Times  

Union minister for finance and corporate affairs, Nirmala Sitharaman, recently launched the asset monetisation pipeline of central ministries and public sector entities: ‘National Monetisation Pipeline ’. The pipeline has been developed by NITI Aayog, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021–22. The Report on National Monetisation Pipeline has been structured …

OPINION: Asset Monetisation a Viable Route to Push Infrastructure Investment
3 years, 3 months ago

OPINION: Asset Monetisation a Viable Route to Push Infrastructure Investment

News 18  

Finance Minister Nirmala Sitharaman has announced the roadmap for Rs 6-trillion asset monetisation plan. The NDA government had earlier announced that it would unveil a plan to monetise brownfield infrastructure assets but a war of words has erupted after the FM’s recent press conference. In the current situation, since brownfield assets are to be monetised, the ownership will always remain …

Bank Privatisation: Central Bank of India, Indian Overseas Bank May Be Privatized This Fiscal
3 years, 6 months ago

Bank Privatisation: Central Bank of India, Indian Overseas Bank May Be Privatized This Fiscal

News 18  

The Centre could privatise the two-state run banks — Central Bank of India and Indian Overseas Bank soon, according to report by Times of India. NITI Ayog, the government think-tank has recently submitted a report to the core group of secretaries on Disinvestment mentioning the names of the two banks the would be privatised this fiscal, news agency PTI mentioned. …

FM Nirmala Sitharaman calls for greater capitalization of NDB
3 years, 8 months ago

FM Nirmala Sitharaman calls for greater capitalization of NDB

Live Mint  

Union finance minister Nirmala Sitharaman on Tuesday urged the Brics -led New Development Bank to improve its ratings by international rating agencies through adequate capitalization, quality governance and prudent management. At the sixth annual meeting of the board of governors of NDB held via videoconference, Sitharaman highlighted NDB’s role in countercyclical lending through a $10 billion emergency assistance programme for …

PM Modi Asks Banks to Come Out with Innovative Products for Startups, Fintech
3 years, 9 months ago

PM Modi Asks Banks to Come Out with Innovative Products for Startups, Fintech

News 18  

Prime Minister Narendra Modi on Friday stressed on increasing credit to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups. Speaking at a webinar on Budget announcements on Financial Services, Modi said to help medium and small businesses during the COVID pandemic, 90 lakh Micro, Small …

Why This Budget Reflects a New India That Refuses to Compromise on Aspirations, Come What May
3 years, 10 months ago

Why This Budget Reflects a New India That Refuses to Compromise on Aspirations, Come What May

News 18  

A century after Spanish Flu, the world was struck again by a devastating pandemic. Push for Making Railways Future-Ready For the rail sector, one the most critical transport infrastructure, this year’s allocation witnessed highest-ever plan for capital expenditure, to the tune of a whopping Rs 2,15,058 crore, of which Rs 1,07,100 crore is being allocated from the Union Budget while …

Nirmala Sitharaman interview: ‘Important to back asset creation’
3 years, 10 months ago

Nirmala Sitharaman interview: ‘Important to back asset creation’

Hindustan Times  

Hours after presenting the Union Budget 2021-22, finance minister Nirmala Sitharaman spoke to HT’s R Sukumar and Doordarshan’s Ajay Mishra, on some of its key highlights. She discussed the increase in health allocation in the times of the coronavirus disease; said that the privatisation of banks was on the agenda since the government was keen to operate only healthy public …

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure
3 years, 10 months ago

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure

News 18  

The Budget 2021 presented by Union Minister of Finance Nirmala Sitharaman is expected to reinvigorate the economy post-pandemic. Further, the government has announced the capex budget will be up over 34 per cent to Rs 5.54 lakh crore and, in addition to this, there is a substantial allocation for roads and railways. The other key takeaway from Finance Minister Nirmala …

Union Budget 2021: Sitharaman defends privatisation of PSBs in interview with News18, says India needs more efficient banks
3 years, 10 months ago

Union Budget 2021: Sitharaman defends privatisation of PSBs in interview with News18, says India needs more efficient banks

Firstpost  

In an exclusive interview to CNN-News18’s Rahul Joshi after unveiling the Union Budget 2021 on Monday, Union minister Nirmala Sitharaman weighed in on the key takeaways from the budiget and defended the Centre’s push for disinvestment, including two public sector banks. Speaking to Network18 Group Editor Rahul Joshi, Sitharaman said that the Centre is looking at setting up a holding …

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