City
Epaper

Committed to make India 5-trillion-dollar economy: Shah

By IANS | Updated: August 23, 2019 23:10 IST

Union Home Minister Amit Shah on Friday emphasised that the government is committed to make India a five-trillion-dollar economy.

Open in App

Shah's tweet came after Union Finance Minister Niramala Sitharaman announced a host of decisions while undoing some previous decisions.

"India's economy remains resilient and despite global slowdown is performing well. Our govt has been fiscally prudent while prioritising growth. Today's announcements by Finance Minister Nirmala Sitharaman only reinforce the fact that Modi 2.0 is committed to make India a 5-trillion dollar economy," Shah tweeted.

Sitharaman's decisions not only made the markets happy but had also given the BJP a much-needed reprieve.

Assam Finance Minister Himanta Biswa Sarma said that the announcement made by Sitharaman are no ordinary decisions.

"It will have huge impact in keeping the economy on the right track. Some of the decisions will have immediate effect. I am extremely happy as Assam's Finance Minister at the decisions taken today and want to thank the FM," said Sarma.

Sitharaman's Cabinet colleague Prakash Javadekar also took to Twitter to congratulate her.

He tweeted "@narendramodi Govt ensures cheaper home & auto loans, higher depreciation for all vehicles, GST refunds to MSMEs within 30 days, withdraws enhanced surcharge on FPIs, releases Rs 70,000 crore to boost liquidity of banks, removes enhanced surcharge on capital gains," with a hashtag of #GovtBoostsEconomy.

Meanwhile, Ashwani Mahajan, national co-convenor of Swadeshi Jagran Manch, an RSS affiliate, too thanked the Finance Minister.

Generally critical of economic policies of the Modi government, Mahajan said, "This was much-needed. The middle class will get some immediate respite. I hope it will bring India's economy on a stronger path."

Sitharaman on Friday announced a series of decisions including the rollback of the controversial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Budget last month.

( With inputs from IANS )

Open in App

Related Stories

International"Why is he not pressing down on China with same intensity?" Foreign Affairs Expert as Trump threatens to raise tariffs on India over Russian oil

InternationalUN Human Rights Chief condemns starvation in Gaza as 'affront to our collective humanity'

InternationalFossils of unexplored marine lizards species from Jurassic era discovered in Germany

InternationalUSD 87 Million allocated for projects to reduce greenhouse emissions

InternationalTurkmenistan hosts UN conference on landlocked developing countries

National Realted Stories

NationalKarti Chidambaram backs India's firm rebuttal to Trump's tariff move

NationalOdisha to set up 835 model primary schools in first phase of flagship scheme

NationalHow US encouraged India to buy Russian oil to stabilise global energy markets

NationalDelhi Crime: Girl Shot Dead Inside Doctor’s Clinic in Jahangirpuri; Attacker on the Run

NationalCong's Manish Tewari invokes 1971 to counter US tariff move on India