<span style="color: #222222;">Prime Minister Narendra Modi today held a meeting with different departments of Finance Ministry to review the economic scenario of the country. </span><br />'' <br />'' <span style="color: #222222;">Briefing reporters after the meeting in New Delhi, Finance Minister Arun Jaitley said, during the meeting the Prime Minister expressed his satisfaction with regard to the broad parameters in relation to the economy and macro&nbsp;economic&nbsp;data so far emerging this year.</span><br />'' <br />'' <span style="color: #222222;">Mr Jaitley said, the government is confident of maintaining&nbsp;3.3 per cent&nbsp;fiscal deficit target. He said, the government will incur entire budgeted expenditure which is necessary for growth. </span><br />'' <br />'' <span style="color: #222222;">He said, as far as capital expenditure is concerned, already about 44 per cent&nbsp;of the budgeted expenditure has been spent&nbsp;till 31st of August&nbsp;this year&nbsp;and will maintain 100 per cent capital expenditure.</span><br />'' <br />'' <span style="color: #222222;">Mr Jaitley said government is confident of a growth rate higher than what was projected earlier this year in the budget adding that&nbsp;the inflation is broadly under control. He said there has been a phenomenal increase in the assesses base due to anti black money measures taken by the government.</span><br />'' <br />'' <span style="color: #222222;">On the GST and other indirect taxes, the Minister said GST is settling down and with the kind of pickup in consumption which has taken place, it will have an impact on GST collection in future months. </span><br />'' <br />'' <span style="color: #222222;">He said government was confident that direct and indirect tax collections will comfortably meet the target.&nbsp;He said, the government is also confident of not only maintaining the disinvestment target this year but also in excess.</span><br />'' <br />'' <span style="color: #222222;">A detailed presentation was made by the Economic Affairs, Revenue and Expenditure Departments.</span><br />'' &nbsp;
News On AIR | September 15, 2018 8:34 PM
PM reviews economic situation in meeting with Finance Ministry