(LiveMint)
The government is in no hurry to recover revenue dues from struggling telecom firms as a panel of secretaries is looking into the companies’ demands for relief, finance minister Nirmala Sitharaman said on Friday. The minister also said the government was working on bills seeking to raise the insurance cover on bank deposits from the existing Rs.1 lakh, besides regulating multi-state cooperative banks. These bills will be introduced during the winter session of Parliament, starting Monday, she told reporters.Sitharaman also dismissed concerns that the government’s welfare spending may get affected on account of a possible revenue shortfall amid the ongoing economic slowdown.
