New Delhi: Amidst the concerns of the ongoing financial slowdown in the economy Nirmala Sitharaman, the Finance Minister of India, to conduct meeting with the leaders to discuss the plans for the future on Thursday.
According to verified sources the meeting will be held with, Business leaders, Uday Kotak, TV Narendran, Sandip Somani, BK Goenka, Sajan Jindal, Sunil Mathur, Anil khaitan, Sanjiv Puri, Rishabh Premji, Sangeeta Reddy, Dilip Sanghvi and Ajay Piramal. Even as Nirmala Sitharaman is holding daily meetings with industry in the backdrop of sluggish economic growth, the Centre is planning reforms in crucial sectors over the next few months.
The talk took place on issues such as public transportation initiative on the lines of the erstwhile National Urban Renewal Mission (JN-NURM) for the automobile sector, a tax overhaul through the direct tax code etc. Sajjan Jindal, Chairman of JSW told the media, “The penal provisions for CSR were discussed. We were assured by the finance minister that punitive actions, which include a jail term, would not be taken”.
Auto Industry leaders met Finance Minister Nirmala Sitharaman with an aim to find a concrete solution to the woes of the sector on Wednesday. Indian Automobile sector has posted the worst sales in two decades in the month of July with some top passenger car makers even plunging to their worst show in about two decades. Earlier this week, finance Minister Sitharaman met the PSU bank heads and major private sector banks to review credit growth in various sectors like MSMEs, retail, auto, NBFCs and HFCs.
