Reiterating that the disinvestment goal of Rs 1.75 lakh crore for fiscal 2021-22 was “imminently achievable”, Chief Economic Adviser Ok V Subramanian on Saturday stated the proposed preliminary public providing (IPO) by Life Insurance Corporation (LIC) itself may garner Rs 1 lakh crore for the federal government.
Speaking at a digital convention by Jana Small Finance Bank, he additional stated that the retail inflation focusing on by the Reserve Bank of India (RBI) has helped decrease the volatility and degree of inflation. The RBI’s Monetary Policy Committee has been mandated to keep up annual inflation at 4 per cent till March 31, with an higher tolerance of 6 per cent and decrease restrict of two per cent.