Reforms to continue despite slowdown: FM Nirmala Sitharaman

The Union Finance minister Nirmala Sitharaman has promised measures to level-up the slowing economy, but said that global recession getting worse. 

“Deep reforms will continue. We are a responsive govt, we listen to industry, to medium and small enterprises and to people who have spoken to us,” Sitharaman said.

She compared the global recession that occurred on 2008 and now, and said that the centre this time is taking steps to revive the situation and take it to a positive side. 

“We are at a time when globally systems are working like 2008. Headwinds are getting stronger,” She said adding that prime minister has been listening to and taking calls and responding on time.

“That is why even after budget I was able to come up (with a package for economy). This is not end of the story. I have lots to do,” She said.

Since the presentation of the budget including cutting corporate tax rate to 22% and new manufacturing companies to 15% and consolidation of public sector banks.

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