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.