There will be more announcements on measures to boost economy in coming weeks: Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman today said the government will announce more measures to boost economy in the coming weeks. According to some reports, the next package may be announced for the realty sector which has been hit hardest due to current slowdown and credit crunch due to NBFC issues.

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    There will be more announcements on measures to boost economy in coming weeks: Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman today said the government will announce more measures to boost economy in the coming weeks. According to some reports, the next package may be announced for the realty sector which has been hit hardest due to current slowdown and credit crunch due to NBFC issues.

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    Finance Minister Nirmala Sitharaman Saturday introduced RoDTEP - Remission Of Duties for Export Products - to replace the existing Merchandise Export From India (MEIS). Revenue foregone as a result of RoDTEP implementation would be Rs 50,000 crore, she said. Sitharaman also announced interest equalisation for MSMEs to 5 per cent from 3 per cent. She said for small procedural defaults, small tax payers would not be prosecuted. The minister added that all communications with assesses will be through technology or complete faceless dealings. Listen-in. (Text: IANS)

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