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FM Sitharaman addresses
FM Sitharaman addresses CII National Council meeting


NEW DELHI. Addressing captains of the Industry at the CII National Council meeting, Finance Minister Nirmala Sitharaman said from next week she would be meeting industry people in different parts to the country over tax harassment-related issues and redress grievances on the spot.

Sitharaman said that even with some moderation, India is still the fastest-growing large economy and with the government and the RBI working together in synergy in a cordial relationship, the ecosystem will help incentivize investments.

Sitharaman said the government is looking at the financial sector woes and will address them. She indicated steps would be taken in the coming weeks to deal with the issue.

She also assured the industry that the government would have a re-look at the penal provisions concerning mandatory investment towards corporate social responsibility by the companies.(updated on August 9th, 2019)