Finance Minister Nirmala Sitharaman speaks on Adani, jobs, oil, and crypto

In a recent interview, Finance Minister Nirmala Sitharaman addressed a range of topics, including the Adani controversy, job creation, oil prices, and cryptocurrencies. Here are the key takeaways from the interview.

Adani controversy

When asked about the recent controversy surrounding the Adani group, the finance minister said that there is no wrongdoing on the part of the Adani group and that all due process has been followed. She also added that the Adani group has been investing in infrastructure and creating jobs in the country.

Job creation

Sitharaman emphasized that the government's focus is on creating jobs and that there have been positive signs in terms of job creation. She cited the recent increase in the number of EPFO registrations as evidence of this. However, she also acknowledged that the pandemic has had an impact on employment.

Oil prices

Regarding the recent spike in oil prices, Sitharaman said that the government is closely monitoring the situation and is taking steps to address it. She added that the government is working with other countries to stabilize oil prices and that the rise in prices is not just a problem for India but a global issue.

Cryptocurrencies

On the subject of cryptocurrencies, the finance minister stated that the government is taking a cautious approach and is studying the issue in depth. She added that the government is not completely shutting out cryptocurrencies and is open to exploring their potential. However, she also stressed the need to address concerns about illicit activities and investor protection.

Overall, the interview highlighted the government's efforts to address various challenges facing the economy, from job creation to oil prices and cryptocurrencies. It also indicated the government's willingness to work with different stakeholders to find solutions to these challenges.