Finance Minister Nirmala Sitharaman addressed the media along with the chief economic advisor and the revenue secretary of the government on Friday to give an update on how measures taken to boost the economy have fared so far. Here are the highlights of the government's update on the economy...
Finance Minister Nirmala Sitharaman said that she was working to help perk up the economy and she would intervene whenever required for this purpose
CEA Krishnamurthy Subramanian made a detailed presentation about how the steps taken by the government to bolster the economy were progressing
The CEA gave a detailed account of capital infusion and a breakdown of loans being disbursed by banks
The CEA also spoke about how demands of the industry like decriminalizing CSR violations and easing KYC for FPIs have been met
Subramanian also spoke at length about the changing employment pattern of the country
The CEA highlighted that casual workers and self-employed have shifted to salaried jobs in rural India