Business

Winter Session: Sitharaman hits back on Oppn’s charge on MGNREGA fund delay

Finance Minister Nirmala Sitahraman on Tuesday in the Lok Sabha said the economy is moving in the right direction, and India has become the fastest-growing major economy in the world.
Replying to a debate on Supplementary Demands for Grants, Finance Minister Sitharaman said fiscal prudence is the top priority of the government without compromising on social welfare.
The House later approved the Supplementary Demands for Grants, allowing the government to spend an additional over Rs 1.29 lakh crore, of which Rs 58,378 crore would be the cash outgo in the current fiscal.
The remaining Rs 70,968 crore will be matched by the savings and receipts.
“Our economy is moving in the right direction…Macroeconomic fundamentals are fine. We have become the fastest-growing economy. Q2 growth of 7.6 per cent is the highest in the world,” she said.
Responding to issues raised by the Opposition members on BSNL, the minister further said the government has earmarked Rs 11,850 crore capital infusio