All pre-Covid Budgets across the world have gone topsy-turvy. The Coronavirus pandemic is an unprecedented event. Things changed beyond anybody’s comprehension. Nobody anticipated that there could be a lockdown and people would not be able to travel for months together. Therefore, talking of a February budget under these extra-ordinary and uncertain circumstances may not be appropriate. We have to see going forward what we can do.
What is the realistic target now?
There is no specific number as on date, because our effort has been to look at what we can do during and post-Covid. So, we should do whatever best we can. If you get fixated with target numbers, then you need to factor in the several lost months.
The issue is what we can do, and what we have been able to do. In July, because the debt market was doing well, while the equity market had crashed, we raised more than ₹10,000 crore through Bharat Bond ETF for CPSEs. It gave a fillip to capex proposals of CPSEs. We encouraged them to go to the market and raise bonds. They are well on course, trying to do their own capex, which is an important means of reviving the economy. When private sector appetite is not so good, because of these efforts, public investments have been accelerated. But because these funds were garnered through these bonds, they will not show up in disinvestment receipts. You need to look at DIPAM not merely from the disinvestment angle. We are actually into capital management of CPSEs.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Inclusivity Still a Challenge
HOWEVER, A GREATER NUMBER OF WOMEN, GLOBALLY AS WELL AS IN INDIA, ARE VENTURING INTO ENTREPRENEURSHIP AND BUILDING SUCCESSFUL ORGANISATIONS
Women of Mettle
As the core sectors see participation of women across levels, their proportion will only increase. But how quickly will that happen?
THE ONE WITH BOLD STROKES
For Ritu Gangrade Arora, an avid painter, the canvas imitates professional growth, one that is constantly evolving
TECH MAVEN
Manufacturing firm Flex is scaling records under the able leadership of Revathi Advaithi.
The Global Juggernaut
Devika Bulchandani, the Global CEO of Ogilvy, derives inspiration from closer home. Relationships and reputation are her guiding mantras.
WONDER VISION
Bela Bajaria, as the head of content at Netflix, has been instrumental in shaping what its subscribers watch across the world
Steering Global Change
Anshula Kant is playing a pivotal role as the World Bank reorients itself to better serve developing countries.
The Master Builder
Under her guidance, JK Lakshmi has established itself as one of the largest cement players with annual capacity of 14 million tonnes
MONEY ANGEL
Padmaja Ruparel and her partners at Indian Angel Network have not just backed start-ups; they've created jobs as well.
Taking India Global
Invest India's Nivruti Rai loves taking on challenges. Her tenacity will come in handy as she looks to bring in more foreign investments
