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C(!\ Tc Dez^F]Fd W`C Cvr]Ej Via`Ced VRGR $"#(!#1')VCEBRS WWT!Pa!RT%&!$"#1$# / !0 =* 1) ! 4 ! 4 4 ./$.#!0123 , 7 ,- "" ..! 8" 9 #, %#)-. '() "()*+ '723;*%3/*'7* ,,('0,*'*;362* 3/13*%;7 03*2;%'36/13 3/;3'**8 2<)%,'3*3%/1)/ !" ( & +' 1(45167 1483 $ %'( $) 0)/165)* /01,23 2019 to 5 per cent, the lowest in six years. This was on the inance Minister Nirmala back of faltering domestic FSitharaman on Saturday demand, with both private unveiled over 70,000 crore of consumption and investment measures for exporters and proving lackluster. the real estate sector, includ- The government’s previ- ing 30,000 crore new spend- ous policy measures to stim- ing in plans such as setting up ulate the economy included of a stressed asset fund, as part support for the automobile of efforts to boost economic sector, reduction in capital growth from a six-year low. gains tax, and additional liq- !" While measures to boost uidity support for shadow exports include remission of banks. Accompanying struc- $ % duties, higher insurance cov- tural reforms included a fur- & ' erage and technology enable- ther easing of the foreign N O ment to cut downtime at direct investment (FDI) ports, for real estate sector a regime and consolidation of +,, ' --! . /N. 20,000 crore fund — with the public banking sector. ' half of the money coming When asked if the gov- from the Government — will ernment was reassessing its 0 be set up to provide last-mile fiscal map, Sitharaman said: !O" funding for housing projects “Well it is a one quarter mat- that are not in bankruptcy % !& $ ' (( ) & ! #$ ter (5 per cent growth) but N M courts or already tagged as then we will be definitely tak- 0 bad debt. ing that on board and recon- 2 3 !O The remission based tion of 86 per cent of the cur- said. utilisation mission that will the economy, as witnessed in cile it with what I have stated . incentive scheme for export of rency in circulation and intro- Besides, a 1,700 crore work with export houses to an uptick in industrial pro- in the Budget.” !4 goods would involve 50,000 duction of the Goods and annual dole will allow Export utilise concessional tariffs in duction and fixed investment. The growth numbers are crore of outgo, higher than the Services Tax (GST) had dent- Credit Guarantee Corp to each free trade agreement Measures are being taken “now very different from what 40,000-45,000 crore budget- ed the real estate market. offer higher insurance cover to India has with different to improve credit outflow we had said in the Budget. We . M. ed in existing plans that it is The stressed asset fund, banks lending working capi- nations. She also announced from banks, which have also will certainly reconcile...And Q2 M replacing. which is to be used to provide tal for exports, she said. This that a mega shopping festival, begun to transmit interest take a call at what stage we are Q ! At a press conference finance to affordable housing will enable reduction in the on the likes of the world- rate cuts to borrowers, she and what level we are,” she " --67 called to announce the third projects, will benefit around overall cost of export credit, famous Dubai Shopping said. Sitharaman will meet added. The minister also 82 $ and final set of measures to 3.5 lakh homebuyers, including interest rate, espe- Festival, will be conducted at heads of public sector lenders stressed that it is a fact that address stress in specific sec- Sitharaman said, adding that cially for MSMEs, she added. four places in India in March on September 19 to review the growth was low in the first ' !. QM 2 tors and bolster growth, buyers stuck in bankruptcy- Priority sector lending tag on themes of gems and jew- transmission. quarter and “5 per cent Sitharaman said housing bound projects will get relief for export credit is under ellery, andicraft/yoga/tourism, The Reserve Bank of India growth is not something finance companies have been through the NCLT route. consideration of the Reserve textiles and leather. has since February cut the which I am ignoring”, but 9 allowed to borrow funds from For exporters, a new Bank, which will release an The finance minister said benchmark interest rate by added that there are clear M !. : abroad at relaxed rules while scheme for reimbursement of additional 36,000 crore to the measures together with 110 basis points but banks signs of revival in certain sec- interest rate on housing build- taxes paid on exports, called 68,000 crore as export cred- the ones announced on the have lagged in transmitting tors. ' ' ing advance has been lowered, the Remission of Duties or it. previous two occasions will the lower rates to borrowers. Commenting on the mea- ! benefiting Government ser- Taxes on Export Product Other measures for help lift the economy and The government has been sures, Vikas Vasal of Grant . vants who make up for a (RoDTEP), will come into exporters included real-time growth rate will improve in pressing banks to offer exter- Thornton India LLP said the major component of demand effect from January 2020 to electronic processing of GST the second quarter of this fis- nal benchmark linked loans to steps should help provide ' for houses. replace existing dispensations. refunds by the month-end, cal. speed up the transmission of impetus to the two sectors and !. Exports have declined in The new RoDTEP “will action plan to reduce time to Inflation, she said, has rate cuts. also have a spiral effect on the two out of last three months more than adequately incen- export or turnaround time at been kept “very much” below India’s GDP growth associated sectors like tech- $ ! despite a weaker rupee, while tivise exporters than existing airports and ports by the 4 per cent mark and there decreased for the fifth con- nology, logistics and labour the shock 2016 demonetisa- schemes put together,” she December and a special FTA are “clear signs” of revival in secutive quarter in April-June employment. ) RQ !" 2 * P . !" ( R ! O " ' $ *+ NO /01,234+5 P N O $% ! ,57</%0 ! mid its continuous cease- $ ! ! he father of the law student Afire violations along the & ; !"&! ! Twho has accused Bharatiya Line of Control (LoC), the Janata Party leader Swami Pakistan Army was forced to ' !" Chinmayanand of rape, said raise the “white flag” to recov- " that he had handed over a pen er the bodies of two of its sol- 0 drive containing 43 videos to diers killed in the strong retal- ! E /01,23 the sleuths of the Special iatory firing by the Indian ( " Investigation Team to buttress Army in Hajipir in Uri sector. raise the ante on the LoC by $ !" nion Home Minister Amit the charges of sexual harass- While the soldiers were relentless firing and to provide 90 UShah on Saturday created ment of his daughter. killed on September 10-11, covering fire to ultras to help a flutter as he pitched for “one The move was made after Pakistan could not retrieve the infiltrate into the State. " nation, one language” while the SIT asked the victim’s fam- bodies despite shelling on the As regards the Hajipir inci- espousing the cause of Hindi, ily to provide them all evi- Indian posts. It finally showed dent, officials said the retalia- ) which, he said, is spoken by dences which they had against the white flag implying truce tory fire by the Indian Army " 2 most of the people in India, and ! the former Union minister to for the time being on Friday. led to the death of one . can become country’s identity #$ facilitate the probe. The LoC has become “hot” Pakistani soldier of its Punjab * ! $ ! globally and unite the nation. After quizzing the victim again since the abrogation of Regiment identified as Sepoy " 2 Shah’s pitch on “Hindi motion should not be at the dream of Bapu (Mahatma and visiting Mumuksh Ashram Article 370 and more than 350 Ghulam Rasool. Initially, the ! Diwas” was instantly opposed, cost of the mother tongue or a Gandhi) and Sardar with her to collect scientific evi- ceasefire violations have taken Pakistan Army tried to get * < mostly by the Dravidian and native language. (Vallabhbhai) Patel of one lan- dences on Friday, the SIT also place in the past one and a half hold of the bodies by targeting " southern political parties like Maintaining that it was guage come true.” called the complainant’s moth- month. In fact, violations are the Indian posts to suppress ; DMK, AIADMK and AMIM important to have a common The Home Minister also er for questioning on Saturday. taking place daily since August them. However, such repeated ; besides the Congress, language in the country that said efforts will be made to She was also taken to SS Law 15. Four Indian soldiers and attempts failed leading to the ' $ Trinamool Congress and the becomes the “mark of India’s expand Hindi to different parts College along with a battery of one civilian have died in death of another Pakistani sol- CPI, with the common refrain identity globally”, Shah said, “I of the country and asked every- forensic experts. shelling from across the border. dier forcing the local Pakistan !4; being that any move for impo- want to appeal to people to pro- one to use their native lan- The woman alleged that In an effort to interna- commanders to raise the white * sition of Hindi would disinte- mote their native languages but guages as much as possible. important evidences had been tionalise the Kashmir issue, the flag to retrieve the bodies.
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