India
oi-Madhuri Adnal
New Delhi, Feb 24: PM Modi speaking on the various reforms in the Budget 2021 said that the govt has to focus on development projects. “When government engages in business it leads to losses. The govt is bound by rules and lack of courage to take bold commercial decisions”, he said
PM Modi said the amount collected from monetisation and divestment will be used for funding development projects. Asset monetisation and privatisation decisions will help empower Indian citizens, he added.
”The Govt is going ahead with the mantra of ‘Monetise & Modernise’. When Govt monetises, that space is filled by private sector of the country. Private sector brings investment and best global practices with them.”
”This modernises other things and brings modernisation to the entire sector, rapid expansion of the sector and creation of new employment opportunities. It is important to monitor this…