PM Modi, FM Nirmala Sitharaman To Take Stock Of Weakening Economy

by Rahul Gautam Jul 14, 2020 • 03:42 PM Views 1280

To take stock of the failing economy, unemployment the Prime Minister's Office is to brief senior officials of the Finance Ministry. RBI data shows that there has been a huge decline in direct tax and GST collections in the first quarter of this financial year. The fiscal deficit has also increased to 4.6 percent in the year 2019-20. At the same time, the financial year 2020-21 started at a time when the country was in lockdown with an epidemic across the country.