New Delhi: The central government is on the target of critics due to the steady decline in the country's GDP. The opposition is accusing the government of being ineffective. While presenting the work of the 100-day government, the Finance Minister said that fluctuations in GDP are part of the development process.
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The central government is trying to end the economic slowdown in the country, and measures have been initiated to increase the growth rate. Talking to reporters in Chennai, the Finance Minister said that the government is constantly trying to figure out how to increase GDP figures in the next quarter.
The government has increased its investment in the infra sector. Sitharaman said that the government is serious about the prevailing sluggishness in the auto sector. Along with this, the demands of the auto component industry are also being considered. Along with this, the government is looking for a solution to the demands of home buyers, about which information will be given soon. The Finance Minister further said that the sale of vehicles in the cities is being affected because of BS6 on one side and Ola-Uber on the other side.
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The government is doing its best to increase the GST collection. The GST collection has crossed a maximum of Rs 1 lakh crore. However most of the time it has been below this. Now the government is talking about increasing the scope of the tax. The Finance Minister said that the government is firm on the merger of banks.
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