Finance Minister Nirmala Sitharaman says that banks and LIC do not invest at the behest of the government. That’s why the government has no role in the Adani case. As far as the country’s economy is concerned, the world is seeing that India is moving fast in this crisis.
Nirmala Sitharaman said in a media channel program that it is easy to make allegations. The fund of social schemes has not been reduced. Funds have been determined according to the demand. The fund in PM Awas Yojana has been increased by 66 percent. Will not everyone get the benefit of this?
Allegation of election budget wrong
Apart from this, he said that it would be wrong to give the budget the color of ‘election budget’. The protestors will keep on saying, ‘If you do something it is wrong, if you don’t do anything it is wrong’. How can this be called an election budget? Last year also the house was built, this year also the house will be built. Spending at the right place is called the right budget. The budget cut of the Minorities Commission has been done following the recommendation of the ministry. But this is not going to affect the plans.
On the issue of Adani, the Finance Minister said that till now everyone’s statements have come. Both LIC and SBI have given clarifications, which are in front of everyone.
Government never says where to invest LIC. The bank also takes its own decision. If private banks are not investing somewhere, then it is their decision. As far as the condition of public sector banks is concerned, you can see the quarterly results of SBI for this. Profits are increasing, NPA’s are decreasing.
Everything in public on Adani issue
He said that SEBI is doing its work on the Adani issue. The statement has also been issued in the past. The government has no role in this. Can’t unnecessarily create pressure in the stock market. If a regulator continuously tells the market that this is good, this is bad, then it affects the movement of the market. The agency is working with the times. RBI’s statement has also come on the Adani case, so there is not much to say on it.
When the inflation rate suddenly fell to 5.8 per cent last month, it shocked everyone. As far as employment is concerned, emphasis is being laid on skill. Money is being spent on infrastructure, which is directly related to employment. Many steps have been taken for the farmers, solar energy arrangements have been made to reduce the electricity expenditure of the farmers. The promise made to double the income of the farmers must be fulfilled.
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