Cabinet has approved PSB capitalisation plan of Rs. 2 lakh 11 K

New Delhi, Oct 24: Union Finance Minister Arun Jaitley addressed the media in Delhi on Tuesday. It was expected that he would be making many important announcements. Stay tuned for LIVE updates:

-Cabinet has approved unprecedented PSB capitalisation plan of Rs. 2 lakh 11 thousand crores: Finance Ministry

-The biggest component of road building program, the Bharat Mala program. 34,800 kms of roads to be built: Ashok Lavasa,Finance Secretary.

-About 2000 km of coastal roads will be constructed in first phase of Bharat Mala: Ashok Lavasa,Finance Secretary

-Effective and targeted Government spending is the main priority of Government: Ashok Lavasa, Finance SecretaryGovernment spending is the main priority of Government: Ashok Lavasa, Finance Secretary

-GST has been the biggest reform, along with other ones like DeMonetisation and the battle against black money: SC Garg,Secy,DEA

-There is very low level of current account deficit, in safe ranges of less than around 2%: Subhash Chandra Garg,Secretary,DEA

-The Government has decided on the steps needed to sustain the growth momentum: FM Jaitley

- Our economic fundamentals are strong

-There have been lot of discussions and reviews of the economy in the past few weeks within the ministry: FM Jaitley

-When results of the GDP of the first quarter came out then I had said that we will be ready for the response: FM Jaitley

- India has remained world's fastest growing large economy for the past three years: FM Arun Jaitley

News24Bureau