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LATEST NEWS UPDATES | All the major announcements made by Nirmala Sitharaman to boost economic growth

All the major announcements made by Nirmala Sitharaman to boost economic growth

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published Published on Aug 23, 2019   modified Modified on Aug 23, 2019
-The Hindu

Nirmala Sitharaman said that India’s GDP continues to grow at a faster pace than the global economy and any other major economy.

Union Finance Minister Nirmala Sitharaman announced a slew of measures on August 23 to prop up the slowing economy.

Addressing a press conference, Ms. Sitharaman sought to dispel doubts over the economy and the government’s growth agenda. Announcing that the global GDP growth may be revised downwards from the current estimate of 3.2%, she said that India’s GDP continues to grow at a faster pace than the global economy and any other major economy.

Here are all the announcements she made:

FPI

- Rollback of enhanced surcharge on foreign portfolio investors levied in the Budget, to encourage investment in the capital market.

- Angel tax provisions to be withdrawn for startups and their investors.

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Please click here to access the Presentation made by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on measures to boost Indian economy.

The Hindu, 23 August, 2019, https://www.thehindu.com/business/Economy/major-announcements-by-union-finance-minister-nirmala-sitharaman-on-august-23-2019/article29234872.ece?homepage=true


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