Niti Aayog has a prescription for ailing economy and it starts with interest rate cuts
Updated : August 22, 2019 12:01 PM IST
Niti Aayog has suggested a reduction in the interest rate from 8 percent to 5 percent on new small savings in a phased manner spread over 24 months.
It has also suggested a delay in merger of public sector banks at this stage, and recapitalization of the banks on the basis of performance soon, as announced in the budget this year.
On the tax front, the think tank has pushed for a rollback of dividend distribution tax and buyback tax which was levied in the 2019 Union Budget.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more