The secretary within the Division or Funding and Public Asset Administration (DIPAM) mentioned public sector enterprises now account for nearly 15 per cent of whole market capitalisation and the federal government is assured they are going to proceed with their capital expenditure.
“We're doing capital evaluate of all public sector undertakings on a weekly foundation and we're engaged on methods which might insulate our economic system from geo political dangers,” Chawla mentioned.
US President Donald Trump has introduced 25 per cent tariffs on India, plus a ‘penalty' for its commerce with Russia. The tariffs will come into impact from August 7.
The tariffs have rattled fairness markets with Sensex and Nifty declining sharply for the second straight session on Friday, monitoring deep losses in pharma, steel, and IT shares amid trade-related considerations and widespread promoting strain in international markets.
