Jaitley assures 'appropriate action' to tackle low-corporate investments

Said banks have done excessive lending in past and a proposal on their capital adequacy is on the table

Finance minister Arun Jaitley on Thursday told investors that the government would soon come out with a plan to address low corporate investment. 

"There is a problem of private investment and the government is seized of the issue. Soon, you will hear from us," Jaitley said at the investor summit organised by JPMorgan in New Delhi on Thursday.

Largely propped up by the government capital expenditure (capex), the gross capital fixed expenditure rose by 1.6 per cent in the first quarter of FY18 against the contraction of 2.1 per cent in the fourth quarter of FY17. 

According to Centre For