Staff Reporter / New Delhi
Union Finance Minister Nirmala Sitharaman has said that the COVID situation provides a unique opportunity for establishing exemplary cooperation between government, regulators and the industry in the country.
Addressing a gathering of industrialists and other participants during a virtual function organised by Confederation of Indian Industry today, Ms. Sitharaman asserted that every announcement the government has made to overcome the COVID situation in the country had a structural reform component with it.
She said, the Government is reaching out to the industry to understand their concerns. The Finance Minister also stressed on the need to move fast on cabinet cleared disinvestments and added that the government is working with RBI to ensure adequate support to the banks in the country.
She said, some sectors such as tourism, real estate, hospitality and airlines have been affected disproportionately due to the pandemic. Ms. Sitharaman informed that curative steps have been taken and the hospitality industry will soon emerge from the effects of the slowdown. She said that the government’s emphasis on unhindered movement of goods and people across the country will ensure speedy recovery of the economy.