Nirmala Sitharaman Addresses Issues Of Lowered GDP And Liquidity Crisis
Finance Minister Nirmala Sitharaman attended the Republic Summit in Delhi and held an exclusive talk with Republic Media Network's Editor in Chief Arnab Goswami and discussed a wide range of topics on the economy. The Finance Minister said that the Government along with Prime Minister Narendra Modi is working towards bringing positive changes in the economy.
Rs 2,50,000 liquidated
The Finance Minister spoke exclusively about the 'outreach programme' that had two phases. The two phases were during the Navratri season and the second before and after Diwali. Further, crushing claims about there being no liquidity in the market, the Finance Minister said that after the outreach programme, the total liquidity that went into the hands of people under various categories was Rs 2,50,000 crores. She claimed the NBFCs (Non-banking Financial Companies) due to the increased liquidity recieved over Rs 16,000 crores and said the problem was 'not about no availability of liquidity but the non-availability of those who wanted to use it'.
