Government is working on an economic package: FM Nirmala

Finance Minister made a series of announcements on tax regulations and compliance on Tuesday amid the novel coronavirus pandemic

'E-cigarettes to be banned, offenders to face jail': FM after cabinet meeting

'Reports say that there are some who are probably getting into the habit of e-cigarettes as it seems cool,' Sitharaman said.

Slowdown attributed to dull performance to low consumption, delayed monsoon, rising global trade tensions affecting exports.

'Any suggestions about credibility of RBI, for me seems a bit outlandish,' she said, talking about Rahul Gandhi's accusations.

She said India is rapidly transforming into new economy in globalised world, which calls for strict regulatory compliances by corporations.

In the last few months, there have been signs of revival in public sector banks.

During an almost 20 year career in banking he also oversaw trading in debt instruments blamed for causing the global financial crisis.

RBI has opened an indirect liquidity window to aid banks to give funds to the sector, which is facing a severe liquidity crisis.

He was speaking at an event at the Mavalankar Hall, Constitution Club of India in the national capital on Thursday.

India expects to rake in 24.6 trillion rupees (USD 358.97 billion) in gross tax revenue in 2019-20.