Bank, insurance sector to stay with public sector
July 6th, 2009
Finance minister Pranab Mukherjee stated that banks and insurance sector will continue to stay with the public sector.
Mr Mukherjee’s budget speech tempered expectations saying the budget was as much for ‘aam admi’ as it was for the industry. He, however, kept his focus on infrastructure and public-private partnership.
He also emphasised the need to sustain 9% growth rate and strengthen the economy’s mechanism to create 12 million jobs.