Union Finance Minister Nirmala Sitharaman on Monday presented the Budget 2021-22 that aims to shore up an economy badly-hit by the novel coronavirus pandemic. Budget 2021 Highlights: Financial moves Govt to set up a Development Financial Institution NHAI and PGCIL to set up INVITs to attract global funds Proposal for New Rationalised Securities Markets Code Govt allots ₹20,000 crore for …
There are reports indicating that the Union Government is contemplating recapitalising the public sector banks with a capital of Rs 30,000 crores. Thus, to a layman, this situation should give rise to the question as to why then is the government continuously infusing taxpayers hard-earned money into the banking system. The government controls more than two-thirds of the banking assets …
)