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Emergency Economic Measures – Finance Minister
August 25 , 2019
1949 days
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- On concerns of a slowing economy Union Finance Minister Nirmala announced a number of measures to boost growth.
Some Key Measures
- ₹70,000 crore of capital infusion in public sector banks.
- Rescinded ban on the purchase of new vehicles by government departments.
- From October 1, IT department summons should be generated by a centralised computer with a unique code only.
- Any other summon, sent by tax authorities and without unique code is considered invalid.
- An additional ₹20,000 crore of liquidity to the housing finance companies.
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