Citizenship Law protests  will not undermine the economy: FM

The Citizenship (Amendment) Act 2019, of the Indian Parliament makes available Indian citizenship for religious minorities from Pakistan, Bangladesh, and Afghanistan. Muslims were not given eligibility. According to the present Finanac Minister Nirmala Sitharaman, the ongoing state of great agitation over the Citizenship (Amendment) Act will not affect the government's response to economic challenges. The government is undertaking reforms for taking up again the economic growth. She added to the point that, as long as anybody wants the Indian government to mediate, then only the Financial interaction will be held accordingly. 

The government is trying to set in motion the consumption by pushing forward the rural programs thereby ensuring the money reaches the customers. The Public investment in infrastructure is given more weight and the pending dues of small and medium scale enterprises are being cleared. The record shows that Rs. 61,000 crore of pending dues have been cleared by the government. The growth percentage of the Indian economy is at a lower rate that is 4.5 percent in the September quarter.

IT Firms, Start-ups want GST rationalization, related tax rates

Rationalisation in the tax rates on the equity markets, boosting the growth of certain Alternative Investment funds(AIFs)  and mitigating the stress in mutual funds industry is the key proposals discussed by the Finance Minister Nirmala Sitharaman and various stakeholders. The government has desired opinion on the tax rates of equity products and also whether it is feasible to exempt the Long-Term Capital Gains (LTCG). The state officials said that rationalisation of the tax rates will be beneficial to remove uncertainty and ambiguity among investors.

Presently there are six assets class having different periods holding to classify as short-term and long-term. However, the government is thinking about the possibility to have a uniform tax rate for all assets classes. Several suggestions concerning the risk capital issues, AIFs, mutual funds, commercial papers and standardization of bond features have been submitted by the representatives of capital markets with a view to boosting the Indian economy.