Finance Minister Arun Jaitley indicated favourable Rate Cuts
Aug 12, 2015: Finance Minister Arun Jaitley is showing positive signs for further rate reductions. Jaitley said, "Conditions are favourable for a further interest rate cut by the Reserve Bank as commodity prices are low and prospects of Kharif crop are good.
Monsoon has been good till now and Crude Oil Prices has not been that high is a plus point.
"There is an element of surprise that we have to give to market also and, therefore, please wait for the next few weeks," Arun Jaitley said as a further remark.
Jaitley added that government will take all market condition into account. Indian Government plans to garner Rs 69,500 crore from divesting its stake in Public Sector Undertakings (PSUs).
At April 2016, Gst will be rolled out. The Constitution amendment has already passed by Lok Sabha.After the approval of Rajya Sabha, it will be approved by State Assemblies with 50 percent rate of voting.
At the next Gst, we can expect Positive Signs as according to the Statements given by our Finance Minister.