Last Updated : Oct 21, 2020 04:57 PM IST | Source: Moneycontrol.com

New PSU policy to get Cabinet nod soon: DEA Secretary Tarun Bajaj

The government sees private sector invest coming back and is emphasising on monetisation of assets, he said

The government is pushing public sector undertakings (PSUs) to focus more on infrastructure spend, Economic Affairs Secretary Tarun Bajaj said at an event.

He added that the new PSU policy would help fast-track strategic sales and would get Cabinet nod soon.

"We are seeing more fund inflows via InvITs and REITs. Norms relating to the listing of companies directly on foreign bourses are almost final. We are seeing positive signs on FPI inflows and assets under management of mutual funds. We will gain entry in global bond indices in sometime and we are working with RBI on the same," Bajaj said.

The government sees private sector invest coming back and is emphasising on monetisation of assets, he said.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

Airports Authority of India and the aviation ministry have readied plans to privatise six more airports and some indicators show economy is limping back to normalcy.

"We are seeing a lot of demand in the auto sector. The economy is looking up a bit ahead of festival season and we are working on ways to increase government spending for economic revival. We have asked government departments to push capex with a multiplier effect," Bajaj said.

He said the government was also open to providing more funds if needed in the revised estimates and the government was seeing improvement in the health situation.
First Published on Oct 21, 2020 04:57 pm