Talking to BloombergQuint about the expectations from Finance Minister Ms Nirmala Sitharaman’s maiden budget, FICCI President Mr Sandip Somany stressed on employment and investment generation being the key priorities in the Union Budget 2019-20. He said that the Government has been divesting between Rs 80,000 crore and Rs 90,000 crore from Central PSUs and this target needs to be raised significantly to well in excess of Rs 1 lakh crores for the year. He added that not only the shares need to be sold, but also excess land with these PSUs as well as idle assets, factories, loss making units need to have much more comprehensive policies in terms of disposal.

Video via BloombergQuintWatch Employment & investment to be the key priorities in Budget 2019: FICCI President With HD Quality.