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Finance Ministry Prepares 100-Day Agenda For New Govt With Focus On Boosting Economy
As the General Election 2019 comes to an end, the Finance Ministry (Fin Min) has prepared a 100-day agenda for the new government that will be formed in the coming days, a PTI report said. With a fall in GDP (gross domestic product) growth to 6.6 percent in the third quarter of 2018-19, the ministry has emphasized on pushing the country's economy.
The report said that the 100-day agenda includes employment generation, increase in private investment, relief to the farm sector, improvement in the direct and indirect taxes and simplification of GST, among other things.
Any changes in the tax slab or tax rates could not be announced in the interim budget and could be taken up in the final budget (for 2019-20), to be presented in July, by the new government.
The PTI report citing sources said that the Prime Minister's Office had sought 100-day agendas from all the departments and ministries of the government. Reviving industrial growth, credit growth and rise in corporate governance will also be part of the agenda, it said.
In the Interim Budget, presented on 1 February 2019, the government has pegged a fiscal deficit target of 3.4 percent for the financial year 2019-20.
