Discussion in PMO for revival of economy is still on the way.
On 16th August, Finance minister Nirmala Sitharaman August 16 once the talks are over, government will figure out what remedial steps should be taken and announce the same.
In order to revive a slowdown in auto and housing sectors and also while increasing the efforts to find ways out of issues of tax surcharge on the rich, the Prime Minister’s Office will hold a meeting with top officials again on Saturday.
Such meeting will include Finance Ministry’s five secretaries also to discuss steps of revival.
It was said that 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.
Finance Minister Nirmala Sitharaman had already met with the representatives of five different sectors including banks and financial institutions, SMEs, industries and automobiles and listened to their problems.
After meetings since Monday with various sectors, she said “We are analysing what steps should be taken,”
A meeting with The Prime Minster also held on Thursday to discuss on the economy and the discussions are going on about what steps should be taken.
The announcement will be made soon as when it will be ready.
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.