NEW DELHI: The government on Saturday announced a major opening up of defence production, power, space and coal and mining sectors for private participation as part of finance minister Nirmala Sitharaman’s fourth set of announcements aimed at spurring investment and buffering the economy against the Covid-19 shock. Though the reform moves do not immediately address concerns over the need to spur demand, Sitharaman said steps to provide funds to MSMEs as well as tax refunds, which is money that belongs to taxpayers, and deferred payment will leave more money in the hands of individuals. Saturday’s measures were intended to signal India’s readiness to pro-actively seek investment and instil confidence in business circles. “I am not saying I have done everything possible, we are trying to help people so that they can have money in their hands now and that is definitely going to help in boosting demand,” she told reporters adding that the measures being announced by the government will
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