Finance Nirmala Sitharaman has said the government will not repeat the mistakes of the previous UPA regime of splurging to end the slowdown.<br />''<br />''Speaking at a function organised by FICCI, she said money being received from widening fiscal deficit is not being splurged, quite contrary to what had happened in the UPA regime.&nbsp;<br />''<br />''Ms Sitharaman said, the government is putting money for public asset creation and connectivity to particular districts, which do not have basic infrastructure.<br />''<br />''For instance, the money to be received from the health cess will go for creating the health infrastructure in aspirational districts, which do not have hospitals as such, she said.&nbsp;<br />''<br />''<span style="color: #222222;">Ms Sitharaman said, money garnered from the divestment will be used in the creation of infrastructure development which would have a multiplier effect in generating new and more jobs for youngsters. She also said that the government's proposal to introduce taxpayers charter is a method to establish a strong bond of trust between the taxpayer and the government.</span><br />
News On AIR | February 4, 2020 8:21 AM
FM says Govt not to repeat previous regime's mistakes of splurging to end slowdown