By : Oneindia Video Team
Published : May 16, 2020, 09:20
Duration : 03:12
NEWS AT 9 PM, MAY 16th, 2020
Finance Minister Nirmala Sitharaman announced major structural reforms to push growth and boost investments. She opened up the coal sector to private players, withdrawing the government monopoly in mining the mineral. She opened up the space sector to private players as well, welcoming them to use ISRO's infrastructure to improve their capacities. She said restrictions on Indian air space will be eased to reduce travel time and save fuel. And finally, FDI in defence manufacturing in India was raised to 74% through the automatic route while making a push for indigenous weapon systems.