New PSU policy to get Cabinet's approval soon, says DEA Secretary Tarun Bajaj
According to Economic Affairs Secretary Tarun Bajaj, the government is insisting the public sector undertakings (PSUs) to focus more on infrastructure spend. He also said that the new PSU policy will help to fast-track strategic sales and would get Cabinet nod soon.
"We are seeing more fund inflows via InvITs and REITs. Norms relating to the listing of companies directly on foreign bourses are almost final. We are seeing positive signs on FPI inflows and assets under management of mutual funds. We will gain entry in global bond indices in sometime and we are working with RBI on the same," Bajaj said.
He further said that the government is witnessing that the private sector investment is coming back and is emphasising on monetisation of assets.
Airports Authority of India and the aviation ministry have readied plans to privatise six more airports and some indicators show economy is limping back to normalcy.
"We are seeing a lot of demand in the auto sector. The economy is looking up a bit ahead of festival season and we are working on ways to increase government spending for economic revival. We have asked government departments to push capex with a multiplier effect," Bajaj said.
He mentioned that the government was also ready to provide more funds if needed in the revised estimates and the government was seeing improvement in the health situation.
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