FM announces infusion of Rs 20000 crore for public sector banks

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The Finance Minister said the budget for 2021-22 rests on six pillars – from healthcare to infrastructure. FM announced an infusion of Rs 20,000 crore for public sector banks. The Finance Minister finally announced an establishment of Bad Bank to clean up bank balances. A new asset reconstruction and asset management company announced by the FM in the budget. The Union Budget 2021 is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours.

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