Public Sector Banks To Get 2.11 Lakh Crore, Says Finance Minister Arun Jaitley: 10 Points
Public Sector Banks To Get 2.11 Lakh Crore, Says Finance Minister Arun Jaitley: 10 Points Today's presentation of an economic plan comes as critics and political rivals have attacked the BJP-led government, attributing the economic slowdown to what they call poor handling of key reforms like demonetisation and GST. NEW DELHI: Macro economic fundamentals are strong and GDP growth is poised for a take-off with the economy turning around, the government said today as Finance Minister Arun Jaitley and top officials presented a detailed economic roadmap. Among big ticket announcements made today was an "unprecedented" infusion of Rs. 2.11 lakh crore in public sector banks to boost lending. The government also said that 83,677 km of highways will be built in the next five years to "create more jobs, more growth." Here are the top 10 developments in this story: 1) Mr Jaitley said after growth slumped to a three-year low of 5.7 per cen...