Nirmala Sitharaman city New Delhi economy Government crisis Nirmala Sitharaman city New Delhi

Sitharaman’s day 5 steps: higher MNREGS outgo; privatization; no fresh IBC case

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NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday concluded the 5-day-long series of announcements on the Rs20 trillion financial package that the government hopes will revive the covid-struck economy.

Built on the pillars of land, labour, liquidity and laws, today’s package is aimed at increasing government spending on rural jobs; privatizing government companies while ensuring former have a role in strategic sectors; scrapping or rewriting laws for a more business-friendly environment and removing fear of law among firms facing bankruptcy due to covid.

MGNREGS Recognizing that magnitude of the migrant crisis that has resulted in millions of labourers in metros and other cities going back to their native places, the government has

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The economy is recovering, says President during meeting with professionals
COLOMBO (News 1st); President Gotabaya Rajapaksa said that the nature or extent of the challenges will not matter in fulfilling the promises made to the people.He noted that development activities continue in the country while taking necessary steps to control the COVID-19 pandemic.The President also pointed out that the economy, which had been collapsed for nearly two years, is gradually recovering.The President made these remarks participating in the first round of discussions in a series of sessions with professionals representing various fields, held at the President’s House on Friday (11).The professionals who participated in the discussion said that they are further committed to make the national programme a success by giving the necessary strength to achieve the goals desired by the President, said a statement.The professionals vehemently rejected the allegations spread by some sections with the objective of achieving narrow political agendas, the statement added.Experts in the field said that the new approach to agriculture initiated by the President is being continuously supported by the researchers and entrepreneurs who are engaged full time in these fields, further noted the statement.Representatives from a wide range of fields, including education, policy, sociology, agriculture, research, water and renewable energy, medical, engineering and innovation, were present at the discussion with the President.Ministers, State Ministers, Members of Parliament, the Governor of the Central Bank, the Secretary to the President, the Principal Advisor to the President and many others were also present.
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