In a conversation with Hindustan Times Editor-in-Chief R Sukumar at Hindustan Times Leadership Summit 2021 today, Finance Minister Nirmala Sitharaman discusses today’s most relevant economic issues.
Here are the highlights of what the Minister of Finance said:
– To some extent, focus on infrastructure spending will continue in upcoming 2022 budget, says Sitharaman at HTLS summit
– Omicron is not a “threat” given the massive vaccination program in the country, but should see the variant as a challenge and be careful, says Sitharaman responding to a question at the 2021 HTLS summit.
– The government will bring a well-consulted cryptocurrency bill, Sitharaman said, adding that unregulated speculation about developments in the crypto space is “unhealthy.”
– Finance Minister Sitharaman reiterates that Air India’s divestment process will be completed by the end of the year.
– Speaking on the divestment target announced in the budget, Finance Minister Nirmala Sitharaman said the government is making progress on each of the equity sales, but dealing with bureaucratic issues will take time.
– Supply constraints, especially this year, have worsened due to flooding and other practical issues, leading to higher prices of perishable foodstuffs: FM Sitharaman.
– Consistency of taxation and reducing the burden of compliance are some of the main measures the government has taken to make doing business easier: Minister of Finance at HTLS 2021 summit.
– Most high frequency indicators point to a strong recovery in the Indian economy, says FM Sitharaman at the HTLS Summit.
– Rating agencies are positive on India’s economic growth, with S&P Ratings the latest to adopt GDP growth estimates for the current fiscal year: FM Sitharaman
– Globally, we are constantly engaging with those who matter in the investment world, who matter in the decision-making world when it comes to global concerns, the finance minister said at the summit HTLS
– Formalization of informal sector workers is happening rapidly, accelerated by the Covid pandemic, says Sitharaman
– The emergency liquidity guarantee program was designed to meet the needs of MSMEs and many small businesses have benefited from this program, said the Minister of Finance
– India will be world’s fastest growing economy despite emerging coronavirus threats: FM Sitharaman
– All indications are that the Indian economy will do better in the future, Finance Minister Nirmala Sitharaman said at the HTLS summit, but warns of the new variant of the Omicron coronavirus.
– Finance Minister Nirmala Sitharaman discusses Indian economy and related issues at Hindustan Times Leadership Summit 2021 as the country emerges from the depths of the coronavirus pandemic.
– India’s GDP grew 8.4% in the second quarter of the current fiscal year, thanks to ramping up vaccinations and easing of coronavirus-related disruptions.
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