PMO to meet FinMin officials on Saturday (Lead)


New Delhi, Aug 16 (IANS): Intensifying its efforts to find ways out of pressing issues of tax surcharge on the rich and a slowdown in auto and housing sectors, the Prime Minister's Office will hold a meeting with top officials, including Finance Ministry's five secretaries, again on Saturday while Finance Minister Nirmala Sitharaman said the government is still discussing steps of revival.

On Saturday the Principal Secretary PMO Nripendra Misra will hold meetings with senior Finance Ministry officials who are expected to come up with options and solutions on tackling the slowdown in auto and realty sectors and also on the equity market battering by FPIs, sources said.

Sitharaman in Ahmedabad said on Friday that the ministry is still in talks with PMO in reviving financial sentiment.

"Since Monday I have met five different groups representing banks and financial institutions, SMEs, industries and automobiles and listened to their problems. We are analysing what steps should be taken," she told media.

"Yesterday (Thursday) we had a meeting with the Prime Minister on the economy," the minister added.

"Discussions are going on about what steps should be taken. We will announce them when we are ready," she said.

The FinMin's first priority is handling the FPI tax which is turning the market upside down with flight of capital further aggravating the gloom scenario.

A refinance window for auto sector is also under consideration.

  

Top Stories


Leave a Comment

Title: PMO to meet FinMin officials on Saturday (Lead)



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.