Finance minister Nirmala Sitharaman says govt in consultation with different sectors

Finance minister Nirmala Sitharaman said that the government will continue to promote use of electric vehicles but not at the cost of other vehicles which will continue to have their due market share.

She said any decision regarding the reduction in GST will be taken by the GST Council.

Finance minister Nirmala Sitharaman addressed the media after meeting tax officials. She also said that she is in consultation with industry bodies and sectoral interventions have been announced from time to time. To a question on whether there’s slowdown in the economy or not, the finance minister refused to acknowledge it.

She said that a lot of steps taken in the Budget are showing results. On bank mergers, she cited the example of SBI’s merger with associate banks stating that there will be no retrenchments.

On job losses, she said that most of the employment in the economy is generated by the informal sector which remains undocumented.

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