On Saturday, Finance Minister Nirmala Sitharaman going to be announced some more measures to arrest the economic slowdown that has trouble the Narendra Modi administration’s second term.
However, it is not clear what measures might be but may assume that it has to do with the realty sector. This is because the Centre has been working on measures to boost growth in the housing and real estate sector, a major job-creating industry, which has been grappling with record unsold inventory and poor sales.
The Press Information Bureau tweet saying, “Press Conference by Union Finance Minister @nsitharaman to announce important decisions of the government.”
Finance Minister is expected to announce the sector-specific solution and targets. Previously, the Centre has announced measures, including front-loading of public expenditure, massive Rs 100-trillion investment into infrastructure, improved access to credit for businesses, liberal foreign ownership norms and more capital for state-run banks, according to Livemint.
As per the other measures, next week the GST Council may announce GST rate cut at its Goa meet for the much-beleaguered automobile industry.
Read EquityPandit’s Nifty Outlook for the Week