The National Investment and Infrastructure Fund will be further strengthened, she says
The National Investment and Infrastructure Fund will be further strengthened, she says
Job creation and equitable income distribution are our top red-letter priorities, Finance Minister Nirmala Sitharaman said at the US-India Business Council’s India Ideas Summit on Wednesday.
He said inflation is also a priority but not red lettered as we have been able to bring it down in the last few months.
The Finance Minister said that India does not have the luxury of sequencing priorities and efforts should be made to deal with them simultaneously.
Speaking at the summit, he further said that the government will review the functioning of the National Investment and Infrastructure Fund (NIIF) to make it more robust.
“We will take over the chair of the G20 in very challenging times, but it is equally heartening that Indonesia, India and South Africa are all emerging markets. This is important as emerging markets are showing the potential to lead the global economy in the next 50-60 years.
These are economies that will provide you with both demand- and supply-side solutions. They’re going to be the central focus. We will release our focus (G20 areas) very soon.
A new data privacy bill, which will be a product of consultations and which will address the concerns of the stakeholders, will be out soon. He said that the (IT) minister is working very diligently and assured us that the new bill will be ready soon.