Home News & Interview Key Announcements Made by the Finance Minister to Revive India’s Economic Growth

Key Announcements Made by the Finance Minister to Revive India’s Economic Growth

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Key Announcements Made by the Finance Minister to Revive India’s Economic Growth
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Finance Minister Nirmala Sitharaman Friday announced key steps to boost the economy growth of Country.

Addressing a press meet, finance minister said India’s GDP continues to grow at a faster pace than the global economy and any other major economy.  Reform is a continuous process for the government and it tops the agenda, she added.

  1. Banks will make home loans and auto loans cheaper.
  2. No enhanced surcharge on equity capital gains for foreign and domestic investors.
  3. All tax notices will be issued from a centralised system. All old tax notices will be taken up by October 1 or will be uploaded again through a centralised system.
  4. Aangel tax provision will be withdrawn for startups and their investors.
  5. Finance Minister has announced that all pending GST refunds due to MSMEs shall be paid within a span of 30 days.
  6. Finance Minister assures to remove the compliance difficulties.
  7. BS-IV vehicles purchased till March 2020 will remain operational for the entire period of registration. Both electric vehicles and liquid fuel-driven vehicles will continue to be registered.
  8. Two more sets of new announcements to come up in the near future

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