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