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Economy

Government asks PSBs to suggest steps to boost economy amid slowdown

Updated : August 21, 2019 12:08 PM IST

The PSBs, led by lending major the State Bank of India (SBI), have been directed to analyse the 'ground-level' economic and demand situation.
A culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation have led to the slowdown.
Government asks PSBs to suggest steps to boost economy amid slowdown

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