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The industry association submitted its recommendations to Finance Minister Nirmala Sitharaman on Monday. “CII has suggested that the Budget proposals should focus on growth, and alongside, look at fiscal management from a three-year perspective. “Aggressive disinvestment and monetisation of assets can augment government revenues at a time when tax revenues have fallen sharply,” Uday Kotak, president, CII, said.
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tions for the Union Budget, it has also suggested aggressive disinvestment, including bringing down stake in majority public sector banks (PSBs) to below 50%, as well as monetisation of assets. <span>The industry association submitted its recommendations to Finance Minister Nirmala Sitharaman on Monday. “CII has suggested that the Budget proposals should focus on growth, and alongside, look at fiscal management from a three-year perspective. “Aggressive disinvestment and monetisation of assets can augment government revenues at a time when tax revenues have fallen sharply,” Uday Kotak, president, CII, said. He added that the Centre should prioritise expenditure in three areas — infrastructure, healthcare and sustainability — and that the Budget proposals should address critical areas of bo


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