"Government has no intention to privatize either Railways or Coal India. Focus of the government is to create more jobs and employment opportunities, besides safeguarding the existing jobs," Jaitley said.
"Focus of the government is also to give better environment for ease of living for the common man," he added.
Jaitley's assurance seeks to dispel apprehensions among railway unions over the issue. The unions had even planned to hold protest against the proposal to invite FDI in railways.
Earlier in December last year, Prime Minister Narendra Modi had also ruled out privatising the railways and asserted that his aim was to ensure growth and modernization of the state run transporter.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app