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Monetisation of debt not on government's agenda at moment: Tarun Bajaj

23 Jul 2020 Evaluate
Pointing towards positive signs on the revenue collection front, Economic Affairs Secretary Tarun Bajaj has said that monetisation of debt is not on the government's agenda at the moment. He said that revenues are going up and the government has also realised some extra revenue from excise on petrol and diesel.

Bajaj also underlined the government’s efforts in order to boost manufacturing, saying that the government has already announced production linked incentives for mobile and medical equipment and pharma. The government is working on extending the scheme to another 4-6 sunrise sectors with a lot of export potential.

Pinning hopes on the agriculture sector, he said that it is one bright spot even in this difficult period. Bajaj further noted that production of Rabi crop was good, and Kharif is also expected to be good. Although agriculture is not contributing to the GDP significantly, it still looks after about 40 per cent of population, who are directly dependent on this sector.

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