290 வாரத்திற்கு முன்பு — 4 நிமிடம் படிக்க
On Friday, 23 August, the Finance Minister, Nirmala Sitharaman announced a slew of measures in an effort to boost economic growth from a five-year low. These include rollback of enhanced super-rich tax on foreign and domestic equity investors; exemption of startups from 'angel tax'; a package to address distress in the auto sector; upfront infusion of INR 70,000 crore to public sector banks; CSR violations not to be treated as criminal offence and pending GST refunds to be released within 30 days. In addition, banks are to make home loans and auto loans cheaper.
The Secretary General of CAIT (Confederation of All India Traders), Mr Praveen Khandelwal, explained what these reforms mean for India MSMEs and traders. CAIT is an apex trade promotion body for 70 million traders of the country.
The measures announced by the Finance Minister are likely to increase the capital flow in the market thereby enabling growth of the Indian economy.
Watch this video for detailed insights by CAIT Secretary General, Mr Praveen Khandelwal.
What do you think about these reforms? Will it help curb the slow-down in Indian economy?
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