FM Nirmala Sitharaman may announce 'important' decisions today

Live Mint
September 14,2019

New Delhi: From the looks of it, Finance minister Nirmala Sitharaman is likely to announce more measures on Saturday to arrest the economic slowdown that has beset the Narendra Modi administration’s second term.
While it is not clear what these measures might be, one may presume that it has to do with the realty sector. This, because the Centre has been working on measures to boost growth in the housing and real estate sector, a major job creating industry, which has been grappling with record unsold inventory and poor sales.
The press briefing on Saturday gains much heft with the Press Information Bureau tweet saying, "Press Conference by Union Finance Minister @nsitharaman to announce important decisions of the government."
Mint reported a government official, who requested anonymity, saying Sitharaman is expected to announce sector-specific solutions and targets. In recent weeks, the Centre has announced a slew of measures, including front-loading of public expenditure, a massive ₹100-trillion investment into infrastructure, improved access to credit for businesses, liberal foreign ownership norms and more capital for state-run banks.
Among other measures, next week the GST Council may announce GST rate cut at its Goa meet for the much-beleaguered automobile industry.

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