FM also suggested the World Bank explore the possibility of implementing Infrastructure Investment Trusts in infrastructure sectors such as roadways
According to sources, Sitharaman will be meeting CEOs of fintech companies next week to hear their concerns and problems
The strategy mooted by the finance minister to attain atmanirbharta in edible oilseeds like mustard, groundnut, sesame, soybean, and sunflower involves research on high-yielding crop varieties
The commission, chaired by former vice chairman of Niti Aayog Panagariya, will be assisted by Secretary Ritvik Ranjanam Pandey, two joint secretaries and one economic advisor, in its functioning
The Finance Minister was addressing the 19th Foundation Day celebrations of the SPMCIL in virtual mode
Sitharaman lauded the efforts of SPMCIL for coming up with commemorative stamps and coins on Panchatantra theme which India has gifted during IMF-World Bank bilateral meetings
In its memorandum, CAIT welcomed the government's decision, highlighting the significance of ensuring timely payments to the MSME sector within 45 days to maintain uninterrupted cash flow for traders
The 28th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, sources said
The Board also reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility
Higher capex will improve growth prospects
She said the Modi-led government toiled for 10 years to bring the economy back on track, taking India from 'Fragile Five' to 5th largest economy of the world
Congress MP Manish Tewari referred to the 'White Paper ' presented on the Indian economy in Parliament by Centre as "nervousness", which he claimed was evident in the Union Finance Minister's response
She said the NDA government has the power and vision, which was lacking during the UPA's term
"Critical shortage of ammunition & defence equipment was the main feature of 2014 when we inherited the economy. Bullet proof jackets were not available for our soldiers," Sitharaman said
India is now on the way to become the third largest global economy, she said
A nearly 60-page White Paper was tabled in the Lok Sabha and Rajya Sabha by Sitharaman on Thursday
The transfer of these resources to states constituted 3.36 per cent of gross domestic product (GDP) during UPA rule against 4.24 per cent during NDA rule so far
The document criticises UPA govt for falling short of delivering on crucial reforms
It said during the 10-year rule of the Modi government, the amount unspent meant for schemes in social and rural sectors was just around Rs 37,064 crore
The white paper, tabled in Parliament on Thursday, compared the UPA government's two consecutive terms, starting 2004, vis-a-vis the NDA's tenure, beginning 2014