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19
September 2017
 |
Arun Jaitley (The Total Investment & Insurance
Solutions)
Finance
Minister Arun Jaitley will undertake a high-level review of the economy to
discuss measures, including a possible stimulus package, to be taken amidst an
economic slowdown. The Total Investment & Insurance
Solutions
Commerce
Minister Suresh Prabhu, NITI Ayog Vice Chairman Rajiv Kumar and Secretaries in
the Finance Ministry -- Ashok Lavasa, Subhash Chandra Garg, Hasmukh Adhia,
Rajiv Kumar and Neeraj Kumar Gupta -- are expected to attend the brainstorming
session on Tuesday evening.
Originally,
the review was to take place with Prime Minister Narendra Modi's participation. The Total Investment & Insurance Solutions
Only
last week, Chief Economic Adviser Arvind Subramanian met Modi and discussed the
state of economy. The Total Investment
& Insurance Solutions
The
government is said to be considering to provide some financial stimulus to the
economy in the wake of slowing growth post demonetisation, troubled transition
to the Goods and Services Tax (GST) regime and tepid private investment. The Total Investment & Insurance Solutions
Pulled
down by sluggish manufacturing, growth in the Indian economy in the first
quarter of this fiscal fell to 5.7 per cent, clocking the lowest GDP growth
rate since Modi took power in May 2014. The
Total Investment & Insurance Solutions
Chief
Statistician T.C.A. Anant had said the slowdown in the first quarter to 5.7 per
cent was due to de-stocking by firms as caution ahead of the GST rollout on
July 1. The Total Investment & Insurance
Solutions
Reports
have said the government was considering measures, both in the short and medium
term which are likely to be presented in the Union Budget 2018-19, to boost
exports, create jobs and narrow the trade deficit. However, there has been no
official confirmation on the same. The Total
Investment & Insurance Solutions
The
government may also look at resolving some of the top non-performing assets
(NPAs) or bad loan cases to improve the twin balance sheet scenario of banks
and corporates. The Total Investment & Insurance
Solutions
According
to data from the Central Statistics Office (CSO), India's gross domestic
product (GDP) for the first quarter at Rs 31.10 lakh crore grew 5.7 per cent
over the same quarter last year. During January to March 2017, the GDP grew by
6.1 per cent.The Total Investment & Insurance
Solutions
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