Finance Minister Nirmala Sitharaman said the pace of disinvestment
will now gain a lot of momentum, and those which have already found cabinet
approval will be taken up with all earnestness.
Finance Minister Nirmala
Sitharaman on Tuesday said the pace of disinvestment will now gain a lot of
momentum, and those which have already found cabinet approval will be taken up
with all earnestness. Speaking on Day 1 of ASSOCHAM Foundation Week, via video
conferencing, Sitharaman said
"Disinvestment
will be happening, corporatisation of not just the defence, DRDO related labs
but also banks - where I want them to run a lot more professional, they should
also be able to raise money from the market," she said.
Sitharaman said
that the Union Budget for 2021-22 would emphasise on sustaining high public
expenditure on infrastructure to revive the economy.
"We shall
definitely sustain the momentum on public spending in infrastructure. The
budget-related inputs which you gave me... I am quite happy and eager to take
on board... Something that certainly will feature is we shall definitely
sustain the momentum on public spending on infrastructure because that is the
one way we are sure that multipliers will work and the economic revival will be
sustainable," she said.
The Finance
Minister said that this has been an unusual year and borrowing has been kept at
levels so that the government can quickly put the money back in projects.
"This emphasis that the public infrastructure spending should have to be
kept up has been fully recognised," she added.
She further
asserted that the National
Investment and Infrastructure Fund (NIIF) is doing its best to attract
foreign money.
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