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Finance Minister Nirmala Sitharaman announcing a host of decisions and undoing some of previous decisions has not only the market happy but has also given the BJP a much-needed reprieve.
Assam Finance Minister Himanta Biswa Sarma said that the announcement made today by the FM are no ordinary decisions. "It will have huge impact in keeping the economy on the right track. Some of the decisions will have immediate effect. I am extremely happy as Assam's Finance Minister at the decisions taken today and want to thank the FM", said Sarma.
Sitharaman's cabinet colleague Prakash Javadekar took to Twitter to congratulate her. He tweeted, ".@narendramodi Govt ensures cheaper home&auto loans, higher depreciation for all vehicles,GST refunds to MSMEs within 30 days, withdraws enhanced surcharge on FPIs, releases Rs 70,000 crore to boost liquidity of Banks,removes enhanced surcharge on capital gains " with hashtag that says #GovtBoostsEconomy.
Meanwhile, Ashwani Mahajan, National co-convenor of Swadeshi Jagran Manch, an RSS affiliate, too thanked the FM. Generally critical of economic policies of the Modi government, Mahajan said, "This was much-needed. The middle class will get some immediate respite. I hope it will bring India's economy on a stronger path."
Finance Minister Nirmala Sitharaman on Friday announced a series of decisions including the rollback of the controvertial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Budget last month.