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FM says Govt fully Aware about Slowdown - Taking Measures to Revive Growth

FM Nirmala Sitharaman Press Conference HIGHLIGHTS:  Finance Minister Nirmala Sitharaman on Tuesday said that the government is fully aware of the ongoing slowdown and is taking measures to revive economic growth. On job losses especially in the auto sector, Finance Minister said that the government is taking inputs and working to tackle the problem. Addressing the media on ‘100 Days of Bold Initiatives & Decisive Actions’ of the government at 2 pm at Chennai, Sitharaman also said that the GST revenue collection needs to be given attention and there is a need to widen the scope and task. Prime Minister Narendra Modi recently said at a rally that the NDA government has taken several important decisions in the past 100 days, including in the farm sector, banking sector and for national security. India’s GDP growth in the first quarter of fiscal year 2019-20 slipped to 5 percent, which is the lowest in the past six years. Nirmala Sitharaman announced a slew of measures over the past month to revive the animal spirit in the economy and check slowing economic growth. Source: https://www.financialexpress.com

 

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