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Budget 2019-20: Sitharaman proposes increase of minimum public shareholding to 35 per cent

Stressing that the government keeps villages, the poor and farmers at centrestage in every programme, she said every single rural family, except those unwilling to take connection, will have an electricity, LPG connection by 2022.

PTI Reported by: PTI New Delhi Published on: July 05, 2019 12:32 IST
Budget 2019
Image Source : PTI

Sitharaman said the government has already written to Sebi regarding increase in minimum public shareholding

Finance Minister Nirmala Sitharaman on Friday said the time is right to consider increasing minimum public shareholding from 25 per cent to 35 per cent.

Presenting her maiden Union Budget, Sitharaman said the government has already written to Sebi regarding the matter.

She also said Electronic Fundraising Platform, a social stock exchange, will be set up to list social enterprises and voluntary organisations working for social welfare objectives.

Stressing that the government keeps villages, the poor and farmers at centrestage in every programme, she said every single rural family, except those unwilling to take connection, will have an electricity, LPG connection by 2022.

Free LPG scheme, electricity connection has transformed rural India, Sitharaman said.

She also said time taken to complete construction of houses under Pradhan Mantri Awas Yojana has been cut to 114 days from 314 days in 2015-16 due to use of Direct Benefit Transfer platform and technology. 

Also Read | Budget 2019-20: Govt to launch 'Study in India' programme to attract foreign students

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