Govt cleared dues of PSUs
Results from policy reforms have started showing in the economy with Foreign Direct Investment (FDI) inflow of US$35 billion recorded in the first half of this year.
“Evidence of measures to boost investment is actually seen in the record FDI inflows – US$35 billion in the first half of 2019-20 as against US$31 billion during the same period last year,” said Chief Economic Advisor Krishnamurty Subramaniam.
“It’s a good sign of foreigners seeing India as a very important destination,” he underlined.
The Government has focused on clearing all past dues of PSUs, enabling retail credit by supporting NBFCs and HFCs and supporting MSMEs by bill discounting tax refunds, he pointed out. fiinews.com
