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Last updated: 16 Aug, 2019  

Sitharaman.9.Thmb.jpg PMO to meet FinMin secys to discuss economy

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SME Times News Bureau | 16 Aug, 2019

The Prime Minister's Office will hold a meeting with top officials, including Finance Ministry's five secretaries, again on Saturday to discuss ways to revive the economy.

On Saturday the Principal Secretary PMO Nripendra Misra will hold meetings with senior Finance Ministry officials who are expected to come up with options and solutions on tackling the slowdown in auto and realty sectors and also on the equity market battering by FPIs, a news agency report said quoting sources.

Finance Minister Sitharaman in Ahmedabad had said on Friday that the ministry is still in talks with PMO in reviving financial sentiment.

"Since Monday I have met five different groups representing banks and financial institutions, SMEs, industries and automobiles and listened to their problems. We are analysing what steps should be taken," she told media.

"Yesterday (Thursday) we had a meeting with the Prime Minister on the economy," the minister added.

"Discussions are going on about what steps should be taken. We will announce them when we are ready," she said.

The FinMin's first priority is handling the FPI tax which is turning the market upside down with flight of capital further aggravating the gloom scenario.

A refinance window for auto sector is also under consideration.

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