New Delhi: The government is committed to doing everything that is required to revive the economy, Finance Minister Nirmala Sitharaman said on Thursday because he convinced the industry about the central commitment to reform and urge India in a great way and show the risk of taking abilities.
Overcoming the annual session of the Indian Industrial Confederation (CII), Sitharaman also said the government and the RBI would encourage growth and take all the necessary steps to maintain inflation still contained.
“The government’s commitment to recovery is shown in various ways and we will continue to do it because the recovery and sustainability is something invested by PM,” Sitharaman said.
“I did not see the growth versus inflation.
We will attend inflation and still contain, take all the necessary steps but never forget the fact that growth is what will make all the differences in economic revival, growth will ultimately eliminate poverty and carry the field of play -6 For all Indian residents, “FM said, adding that the center and RBI worked as partners to overcome problems related to the economy.
He said the message and indication that came was very clear that the economy argued to exit.
FM said the growing economic financing needs have been fulfilled by more than RS 5 Lakh Crore Capital, which is placed in the hands of various stakeholders through government credit outreach programs.
Sitharaman also said the economy had not reached the level at which the liquidity pumped during a pandemic could be withdrawn.
“I don’t think we have reached that level and I am happy that the RBI has voiced that understanding that too fast taking or smoking liquidity from the economy may not do the necessary stimulus, which is needed.
I am happy that the RBI maintains that understanding and they do not provide an indication of Want to suck the liquidity available there, “FM said.
Sitharaman quoted the passage of important bills in parliament in the Monsun session which had just concluded as the government’s commitment to push forward with reform.
FM explained that the government would push through stake sales in all companies such as Air India, BPCL this year and continued with the planned monetization of assets.
“Rescue and privatization driven by the policy will continue with the same spirit,” Sitharaman said, adding that “the hard work needed is happening and the government is committed to being disinvedified in the budget.
FM urges the industry to explore new areas and take The decision to develop.
“I thank the Indian industry because it became very level to face the first challenge and even faced the challenges of the second wave of Covid-19 when many countries were still wondering how they would face their economy and choose the economy where it was left behind,” Sitharaman said.
“The Indian industry moved to a truly new area.
It’s time for the Indian industry to come up with a big way and now it’s time to show the capacity of risk taking “, Sitharaman said, adding that the stock market showed the road.” Please follow, “FM said.