CA NeWs Beta*: Key highlights of today’s meeting between the FM and Prime Minister Modi

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Friday, August 16, 2019

Key highlights of today’s meeting between the FM and Prime Minister Modi

*Key highlights of today’s meeting between the FM and Prime Minister Modi*

#Prime minister agrees that there is a strong need for the growth revival and the government will go to any extend to get the economy  back on track .

#Government strongly believes that a vibrant capital market is a must to achieve its divestment target .

# The proposed surcharge on the FPIs to be reversed .

# Long term capital gain tax to be enhanced to 3 years .

# slowdown in the auto sector is eminent .

 Government worried about the job losses .

 GST rate to be slashed to 18% across all auto segments .


# A one time stimulus package for the real estate developers is being worked up on .

Prime minister has asked the finance ministry to roll out these measures by the weekend .

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