Public investment to help fight slowdown


Finance Minister Arun Jaitley said on Tuesday the government would continue the thrust on public spending in the upcoming Budget. The government would do this in spite of the additional expenditure burden of nearly Rs 1 lakh crore due to One Rank, One Pension (OROP) and the Seventh Pay Commission recommendations for the next financial year.

“Public investment has been stepped up in the past year and it will continue to remain stepped up. When you fight a global slowdown, public investment has to lead the way,” Jaitley said at the foundation day of India Infrastructure Finance Company in New Delhi. Read More

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