LIVE: Have to create stronger banks to catalyse pvt investment, says govt
Story highlights
recommended stories
'Disease X' likely to prove 20 times deadlier compared to COVID-19, hints expert
Russia places ICC president on wanted list amid allegations of torturing Ukrainian victims to death
Rapper Krayzie Bone is fighting for life: Bone Thugs-n-Harmony star in hospital
40-year-old California woman forced to have all her limbs amputated after eating infected fish
Canadian Prime Minister Justin Trudeau under fire after parliament honours Nazi soldier
Antarctica witnessed most intense heatwave ever recorded on Earth in 2022, reveals study
Scientists have found largest fossil of trapdoor spider in Australia. Take a look!
Explained | What is likely to happen if US government shutdown on October 1?
European Space Agency releases photo of Earth split in day and night
Watch | NASA spacecraft lands successfully in Utah with largest sample collected from asteroid Bennu
‘I have the power to end your world’: First ever poetry written by AI sounds too ‘disturbing’
Satellite images hint at expansion of nuclear test sites in US, Russia and China: Report
As India awaits message from Moon, memories arrive from Mars
ISRO extends wait, giving Pragyaan rover, Vikram lander 14 more days to awaken on lunar surface
)
)
)
)
)
)
)
)
)
)
)
)
)
)
recommended stories
'Disease X' likely to prove 20 times deadlier compared to COVID-19, hints expert
Russia places ICC president on wanted list amid allegations of torturing Ukrainian victims to death
Rapper Krayzie Bone is fighting for life: Bone Thugs-n-Harmony star in hospital
40-year-old California woman forced to have all her limbs amputated after eating infected fish
Canadian Prime Minister Justin Trudeau under fire after parliament honours Nazi soldier
Antarctica witnessed most intense heatwave ever recorded on Earth in 2022, reveals study
Scientists have found largest fossil of trapdoor spider in Australia. Take a look!
Explained | What is likely to happen if US government shutdown on October 1?
European Space Agency releases photo of Earth split in day and night
Watch | NASA spacecraft lands successfully in Utah with largest sample collected from asteroid Bennu
‘I have the power to end your world’: First ever poetry written by AI sounds too ‘disturbing’
Satellite images hint at expansion of nuclear test sites in US, Russia and China: Report
Govt announces two major programmes to boost economy:
The first is an extensive road-building programme, Bharat Mala, which will lead to jobs and growth
The second is a massive recapitalisation of public sector banks, which will encourage the lending of credit to business enterprises
Public sector banks to be capitalised by 2 lakh, 11 thousand crores
We have to create stronger banks to catalyse private investment, says govt
About 2000 km of coastal roads will be constructed in first phase of #BharatMala: Ashok Lavasa,Finance Secretary pic.twitter.com/MInqcrM9rD
— ANI (@ANI) October 24, 2017
Govt says 2.2 crore familes to get homes
The biggest component of the road-building programme is the Bharat Mala programme; 34,800 kms of roads to be built, says finance secretary Ashok Lavasa
Effective and targeted Government spending is the main priority of Government: Ashok Lavasa, Finance Secretary pic.twitter.com/PUf6XSzb0K
— ANI (@ANI) October 24, 2017
#GST has been the biggest reform, along with other ones like #DeMonetisation and the battle against black money: SC Garg,Secy,DEA pic.twitter.com/JH1arSWP3N
— ANI (@ANI) October 24, 2017
Government has decided on the steps needed to sustain growth momentum, says Jaitley
India has remained the world's fastest-growing large economy for the past three years, says Jaitley
"When results of the GDP of first quarter came out, I had said that we will be ready for the response," says Jaitley
There have been lot of discussions and reviews of the economy in the past few weeks within the ministry: FM Jaitley pic.twitter.com/td060oiSdE
— ANI (@ANI) October 24, 2017
#WATCH Union Finance Minister Arun Jaitley addresses the media in Delhi https://t.co/Acmk0QCRnm
— ANI (@ANI) October 24, 2017
Finance minister Arun Jaitley will be holding a press conference today at 4 pm, at which he is expected to make a "major announcement".
The buzz is the announcement will have something to do with the planned booster shot for the economy.
The booster shot has been talked about for some days now, with news reports saying Jaitley was getting a stimulus package ready for the economy.
The government has been getting a lot of flack of late over the state of the economy, with its critics blaming its two flagship schemes -- demonetisation and GST -- for tearing the economy to shreds.
India's GDP growth has consistently fallen over the last six quarters.
Jaitley had met Prime Minister Narendra Modi on Monday to apprise him on the state of the economy.
WION will update you live as Jaitley's press conference begins.