(FE)
FM Nirmala Sitharaman has now delivered almost one hour of her budget speech. In addition to the proposals she announced earlier in her speech, the Narendra Modi government has announced its vision on several economic and social fronts. Measures have been announced for financial markets with the idea of attracting more capital – she has proposed to increase public shareholding in listed companies, improve KYC norms for FPIs, get retail investors into the government treasury bills market and provide for more foreign participation in insurance intermediaries, media, aviation and animation. She has also announced her intention to get more NRI investment into India. There was a major announcement on zero budget farming as well.
