New Delhi: Finance Minister Nirmala Sitharaman has said that the government wants the sale process of Air India and oil refiner Bharat Petroleum Corporation Limited (BPCL) to be completed by March. In an interview given to the media, she has said that both these works are expected to be completed by early next year. The Finance Minister said that the government will benefit one lakh crore from selling these two companies in this financial year.

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Minister Sitharaman said, "The excitement has been seen in investors even before the sale process of Air India started." Investors did not show much enthusiasm for buying Air India last year, which was why it was not sold. For your information, let us know that in view of the decline in tax collection in the current financial year, the government wants to raise revenue through disinvestment and strategic sale.

The Finance Minister has also said that necessary steps have been taken in time to deal with the economic slowdown and many sectors are now getting out of lethargy. Sitharaman said that the owners of many industries have been asked to improve their balance sheets and many of them are preparing for new investments.

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The Finance Minister said that he expected the GST collection to increase due to improvements in some areas. Apart from this, tax collection can also be increased by reform measures. She said that the decision given by the Supreme Court on Essar Steel has seen a lot of improvement and in the next quarter its impact will be seen on banks' balance sheets.

She said that there has been a change in the people as the banks have disbursed a loan of 1.8 lakh crores during the festivals. Sitharaman said, "If the economic situation of the consumers was not on track then why would they even consider taking loans from banks? And it is so across the country.

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