NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said government is working on more steps, including rationalisation of personal income tax rates which is one of several measures to revive the economy. The government has taken several measures during August and September to boost the economy, she said at the HT Leadership Summit here. Besides, she said, the public sector banks have disbursed nearly Rs 5 lakh crore without compromising on prudential norms in the last two months to boost consumption in the hinterland. She had earlier, while responding to a discussion in Parliament, said changes in personal income tax could be considered “on merit” and not necessarily in the context of reductions in corporate tax announced recently. “So there are ways for giving stimulus for consumption. We are adopting a direct method and also the method through which we are spending on infrastructure, whose spillover can go to core industries, labour and so on,” she said. Asked if there could be more measures announced to bolster economic activity, she said, “If I say ‘yes’, it will be when and if I say ‘yes’ it’s also going to be back to me saying are you not too close to the… Read full this story
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Working on personal tax rate rejig: Sitharaman have 314 words, post on timesofindia.indiatimes.com at December 8, 2019. This is cached page on Asean Breaking News. If you want remove this page, please contact us.