Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

FM dismisses questions on economy, GDP growth falling to 4.5%

Indo-Asian News Service
Updated: December 13th, 2019, 20:41 IST
in Business
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Finance Minister Nirmala Sitharaman Friday dismissed questions on a time period on the uptick probability of the economy amidst rising inflation and contracted factory output and second quarter GDP growth falling to 4.5% saying she would continue to intervene in the economy when and wherever needed.

“I am not engaging in any prediction based questions, neither will I answer speculations. I am looking at the economy and I will continue to address the problem of the industry and any crisis. I am here to intervene in the economy when needed,” she said in response to a barrage of questions on the probable time period of a higher growth return of the Indian economy.

Also Read

Odisha govt

Odisha govt allows three pvt banks to handle business, deposits of state

14 hours ago
Nirav Modi's brother held in US following extradition requests from ED, CBI

PNB-fraud case: Nirav Modi’s brother held in US following extradition requests from ED, CBI

16 hours ago

India is in a big trouble now, we have a finance minister who say I don't face issues so I don't care about others. #NirmalaSitaraman. I am paying high income tax and paying GST for almost everything. So my 50 percentage of the salary is going as tax. #PrimeMinister #ambani

— sijeesh (@sijemsc) December 13, 2019

https://twitter.com/nravi016/status/1205477867527688194?s=20

I lost my faith in press conference 😂😂😂#NirmalaSitaraman

— Vivek Singh, CFP®. (@Viveksinghcfp) December 13, 2019

*Trader*- Ma'am, risk involvement in Small investment is higher. How to counter it in adverse economic periods?

*Nirmala*-. Chhota Pauwwa Maarke so Jaa!! Abe Saale!!

#NirmalaSitaraman pic.twitter.com/JH42b5zFA7

— Abid Siddiqui عابد 🇵🇸 (@abid_sid) December 13, 2019

 

“Till now, sectors that have demanded some kind of intervention, we have responded to them. I’ll be keen to see whether these steps are meeting the expectations of the sectors. If not, I may want to see if I need to do more. As of now, there is no other sector that has approached me as yet.

“I will not engage in speculations over retail inflation and interest rates,” the FM said after being asked if there is a possibility of no more interest rate cuts by RBI in view of the high inflation.”

Ironically, she started the media interaction saying, “We are here to put various legislative measures that we have taken and to come back to say where we are on the various announcements that were made before the Parliament session commenced for winter session and what progress has been made prior to the budget session.”

#ShamelessSmriti #NirmalaSitaraman
Great women politicizing Rape. Jai Ho !!!! pic.twitter.com/kmfc1KsMt5

— sonika (@kumarisonika) December 13, 2019

 

On the possibility of a review of GST rates at the upcoming Council meeting, she said she and her team (the Finance Ministry) has not said anything on that.

“There has been no discussion of changing the GST rate in the Finance Ministry so far”, she said. But she also dismissed the possibility that it is completely off the table.

Her response comes amidst reports that the Centre will propose hiking the 5% rate slab. The Centre may propose hiking the 5% GST rate to between 6% and 8%. The GST officers panel will suggest rate restructuring in the next GST meet on December 18.

On the review of compensation cess to states under GST, she said no one is denying that the states have a right to the compensation amount.

With states not being paid compensation for loss of revenue from implementation of GST since August, Sitharaman had on Thursday assured that the Centre will honour its commitment but did not say by when the dues will be cleared.

States — that surrendered powers to collect taxes on goods and services after local levies got subsumed into the Goods and Services Tax (GST) from July 1, 2017 — were through legislation guaranteed to be paid for any loss of revenue in the first five years of GST implementation.

This monthly compensation was to be paid within two months but states haven’t received any such amount since August 2019.

 

Tags: economic slowdownGSTIndian economyNirmala Sitharaman
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

slide 2 to 4 of 30
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019

Archives

Select Month

    Editorial

    Politics of Philosophy

    AAKAR PATEL
    July 6, 2025

    The BJP’s constitution (Article 3) says, “Integral Humanism shall be the philosophy of the party.” The party’s membership form has...

    Read more

    India’s Spy Shift

    July 5, 2025

    India’s espionage architecture is quietly shifting. The appointment of Parag Jain as the new chief of RAW comes at a...

    Read more

    Hungary Lessons

    Hungary
    July 2, 2025

    Revolting against oppression and seeking freedom is ingrained in human nature, something that a repressive regime finds out sooner or...

    Read more

    New Democratic Face

    Zohran Mamdani
    July 1, 2025

    US President Donald Trump, who had comfortably defeated his Democratic rival Kamala Harris in the recent presidential election and exuded...

    Read more
    • Home
    • State
    • Metro
    • National
    • International
    • Business
    • Editorial
    • Opinion
    • Sports
    • About Us
    • Advertise
    • Contact Us
    • Jobs
    Developed By Ratna Technology

    © 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST

      • News in Odia
      • Orissa POST Epaper
      • Video
      • Home
      • Trending
      • Metro
      • State
      • Odisha Special
      • National
      • International
      • Sports
      • Business
      • Editorial
      • Entertainment
      • Horoscope
      • Careers
      • Feature
      • Today’s Pic
      • Opinion
      • Sci-Tech
      • About Us
      • Contact Us
      • Jobs

      © 2024 All rights Reserved by OrissaPOST