<span style="color: #222222;">Government has taken several measures to boost Indian economy and ease of doing business.&nbsp; FDI inflows into India have remained robust despite global headwinds. Indian economy to become a 3 trillion dollar economy in the current year and government aspires to make the country a 5 trillion dollar economy. The Commerce Department has set up a Think Tank on Framework for National Policy and a Task Force to deliberate on the challenges confronting the country in the arena of the digital economy and e-Commerce.&nbsp; <br />''<br />''The National Retail Trade Policy is also under formulation in the Department for Promotion of Industry and Internal Trade.&nbsp; Earlier, &nbsp;in his Mann Ki Baat programme , &nbsp;Prime Minister Narendra Modi talked about the government initiative to promote industry and self employment in the country and highlighted the benefits of MUDRA Yojana.<br />''<br />''AIR correspondent reports that the life of Common man changed through MUDRA loans for ease of doing business. Under the scheme, over 1.41 lakh crore loans have been sanctioned and &nbsp;over 66 thousand crore rupees were disbursed &nbsp;during &nbsp;this fiscal. The government has reduced the Corporate tax to 25 per cent for companies with annual turnover up to 400 crore rupees. A draft National Policy has been put in place to address six broad issues of the e-Commerce ecosystem in the country. They include infrastructure development, data stimulating domestic digital economy and export promotion and regulatory issues.&nbsp; In this year's Union Budget, &nbsp;the government proposed to start a channel within Door Darshan bouqet of channels exclusively for start-ups. &nbsp;</span><br />
News On AIR | August 12, 2019 8:31 AM
Several measures taken to boost Indian economy