Nirmala Sitharaman addresses SEBI, RBI board

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Nirmala Sitharaman addresses SEBI, RBI board

Finance Minister Nirmala Sitharaman spoke to the Securities and Exchange Board of India SEBI on Tuesday after a custom post-Budget meeting.

Minister of State for Finance Bhagwat Kishanrao Karad and secretaries from the Ministry of Finance were also present at the meeting.

After the Budget, the Finance Minister addressed the board of the Reserve Bank of India RBI and SEBI.

On Monday, Sitharaman had addressed the directors of the central board of RBI and outlined the thinking behind the Union Budget 2022 -- 23. She highlighted the priorities of the government.

The Budget for this year estimates a nominal gross domestic product GDP growth of 11.1 per cent. The Centre expects growth to be fuelled by a massive capital spending programme outlined in the Budget with a view to crowd-in private investment by reinvigorating economic activities and creating demand.

Sitharaman has raised capex by 35.4 per cent for FY 23 to Rs 7.5 lakh crore to continue the public investment-led recovery of the pandemic-battered economy. The capex for this year is estimated to be Rs 5.5 lakh crore.