SME Times is powered by   
Search News
Just in:   • DPIIT to examine pension funds investment in startups  • US stocks close higher on upbeat jobs report  • DPIIT to set up panels to sort out startups  • Axis Bank's CFO Jairam Sridharan steps down  • 'UK-US trade talks document leak linked to Russia' 
Last updated: 03 Dec, 2019  

Sitharaman.9.Thmb.jpg Government committed to more reforms: Sitharaman

   Top Stories
» DPIIT to set up panels to sort out startups
» Sitharaman invites suggestions on GST
» Naidu calls for making 'Fit India' a mass movement
» Auto component sector's turnover falls over 10 pc
» Several schemes to push women entrepreneurship: Minister
SME Times News Bureau | 03 Dec, 2019
Amidst criticism over a free fall in the Gross Domestic Product (GDP) growth rate, Finance Minister Nirmala Sitharaman on Tuesday said that the government is committed to take up further reform measures in the economy.

Speaking at the India-Sweden Business Summit, Sitharaman noted that the government had recently reduced the corporate tax rate and the Centre is in interaction with the business community.

There were many more steps which the government will take going further, she said.

Sitharaman, who is in the middle of a storm of falling GDP and the consequent criticism, said that the government was responding to a challenging time.

In the past few months, the government has announced a slew of measures including corporate rate tax cut and ease in liquidity for Non-Banking Financial Companies (NBFC). However, so far the economy has not yet shown signs of any revival.

The GDP growth rate for the July-September quarter declined to 4.5%, the lowest growth rate in six years. Although the Minister told the Rajya Sabha last month that the economy is going through a slowdown, she added that the situation is not recessionary at all.

Talking of the prospects, India provides to businesses, Sitharaman said that India has great prospects with a large middle-class population and huge consumption.

She reiterated the government's budget commitment of spending Rs 100 lakh crore on public infrastructure in the next five years.

The Minister also added that as the government is focussing on smart cities, the Swedish companies can also engage themselves in the smart city initiative.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 08 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
» MRF to set up a new plant in Gujarat(2)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
» Forex reserves rise by $2.48 bn to over $451 bn(1)
» RBI holds key lending rates, remains accommodative(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter