SME Times is powered by   
Search News
Just in:   • Apparel industry urges Piyush Goyal to regulate cotton yarn exports amid price surge  • Govt kicks off preparations for Union Budget 2027-28, pre-Budget meetings from Oct 12  • Willing to negotiate with US but remains wary: Iranian President  • Kiren Rijiju to lead Indian delegation at 65th anniversary of NAM summit in Belgrade  • India-Kyrgyzstan relations witnessing a renaissance, PM Modi visit to open new avenues: Tourism Minister 
Last updated: 24 Aug, 2019  

India.Growth.9.Thmb.jpg Shah reiterates govt commitment to make India 5-trillion-dollar economy

amit-shah.jpg
   Top Stories
» Govt kicks off preparations for Union Budget 2027-28, pre-Budget meetings from Oct 12
» ‘Why India, why now’: FM Sitharaman pitches India as global investment and manufacturing hub
» ChatGPT to run ads in India for users of Free, Go tiers
» Indian SMEs in Qatar can channel for $10 bn investment pledge into growth-oriented projects: Envoy
» India, Morocco conclude 7th Joint Commission meeting; agree to boost trade and investments
SME Times News Bureau | 24 Aug, 2019

Union Home Minister Amit Shah on Friday reiterated that the government is committed to make India a five-trillion-dollar economy.

"India's economy remains resilient and despite global slowdown is performing well. Our govt has been fiscally prudent while prioritising growth. Today's announcements by Finance Minister Nirmala Sitharaman only reinforce the fact that Modi 2.0 is committed to make India a 5-trillion dollar economy," Shah tweeted.

Shah's tweet came after Union Finance Minister Niramala Sitharaman announced a host of decisions while undoing some previous decisions.

Assam Finance Minister Himanta Biswa Sarma said that the announcement made by Sitharaman are no ordinary decisions.

"It will have huge impact in keeping the economy on the right track. Some of the decisions will have immediate effect. I am extremely happy as Assam's Finance Minister at the decisions taken today and want to thank the FM," said Sarma.

Sitharaman's Cabinet colleague Prakash Javadekar also took to Twitter to congratulate her.

He tweeted "@narendramodi Govt ensures cheaper home & auto loans, higher depreciation for all vehicles, GST refunds to MSMEs within 30 days, withdraws enhanced surcharge on FPIs, releases Rs 70,000 crore to boost liquidity of banks, removes enhanced surcharge on capital gains," with a hashtag of #GovtBoostsEconomy.

Meanwhile, Ashwani Mahajan, national co-convenor of Swadeshi Jagran Manch, an RSS affiliate, too thanked the Finance Minister.

Generally critical of economic policies of the Modi government, Mahajan said, "This was much-needed. The middle class will get some immediate respite. I hope it will bring India's economy on a stronger path."

Sitharaman on Friday announced a series of decisions including the rollback of the controversial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Budget last month.

 
Print the Page
Add to Favorite
 
Share this on :
 

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

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹95.3
₹93.6
UK Pound
₹127.7
₹123.7
Euro
₹110.65
₹106.9
Japanese Yen ₹59.75 ₹57.9
As on 24 Jun, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter