Nirmala Sitharaman's Wonderful Speech On Jammu and Kashmir Reorganisation Bill 2019 YOYOTVKannada Finance Minister Nirmala Sitharaman said on Monday the government planned steps to improve the state of the economy "fairly quickly" after getting inputs from business leaders.
Sitharaman is fighting a slowdown in gross domestic product (GDP) and rising unemployment, with the jobless rate rising about 2 percentage points in July compared to a year earlier according to private data group CMIE.
The government has been meeting industry executives and will take steps to address the challenges facing the economy after a series of meetings this week, Sitharaman told reporters.
India has not decided on the timing and size of its sovereign overseas bonds, she said, adding that she is open to hearing from foreign portfolio investors on "any issue."
the Finance Minister will hold a meeting with industry organizations. A day after this, the finance minister will meet the heads of the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE) and the mutual fund houses' finance markets.
After this, Nirmala Sitharaman will meet with representatives of the real estate industry and home buyers on August 11. In all these meetings, Union ministers of the concerned sectors will also participate.
Nirmala Sitharaman will hold a meeting with the business leaders of the automobile sector. Transport Minister Nitin Gadkari will also participate in this meeting. About 2 lakh jobs have been lost in automobile dealerships for the last three months due to decrease in sales. Passenger vehicles have seen a huge decrease in sales for the last one year.
Automobile component manufacturers of India (ACMA) have warned that if the situation does not improve, there will be about one million jobs from the auto sector.
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