Saturday, December 7, 2019, 8:11 PM
Minister Nirmala Sitharaman said the government was working on more measures to revive the economy that slowed down to more than six-year low of 4.5% in the second quarter of the current fiscal from 5% recorded in the first quarter. Sitharaman stressed that the 4.5% growth, the last set of figures on the gross domestic product growth, relate to the three months ending September.
Saturday, December 7, 2019, 3:13 PM
Finance minister Nirmala Sitharaman on Saturday indicated that the government may soon relax the personal income tax burden to provide relief to individuals and boost consumption by putting more money in the hands of people. The relief, if provided, will come amid a downturn in the economy led by tepid demand and sluggish private investment.
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