News & Information From Northeast India

Govt yet to decide on utilizing RBI’s Rs 1.76 lakh crore sanction: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman, who was in Guwahati on Thursday, said that the government will announce more measures to boost the economy in the coming days.

Addressing a press conference in Guwahati, the Union finance minister said that the Centre wants to recognise that consumption will have to be given a boost.

“From the budget announcement onwards, our consultation have been with the industry. Particularly, we understand consumption and boosting of consumption related matters. We had announced in the budget that public spending on infrastructure will continue to be like 2014-19. We will continue it and it is our priority. We shall be spending considerable amount for infrastructure building,” she said.

Sitharaman further said that India is still the fastest growing economy compared to the global economy and growth.

The Union Finance Minister said that every GST refund, which is pending will be cleared in the next 30 days and any refund from now will be cleared within 60 days.

About the Rs 1.76 lakh crore sanctioned by the RBI recently, she said that the government is yet to decide where exactly this will be used.

The News Mill is now on Telegram. Click here to join our channel (@thenewsmill) and stay updated with the latest news from across Northeast India