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Last updated: 24 Aug, 2019  

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

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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.

 
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