Economy: Too little too late

The IMF’s warning signals on a dip in the GDP in the coming years are also pointers to the extent of the slowdown.

'Weird statements': Yashwant Sinha hits out at Sitharaman, Piyush Goyal

The missing three per cent growth meant loss of Rs 6 lakh crore in just one quarter, he claimed.

It replaces a scheme of similar value.

The Rs 10,000 crore fund will be provided to projects that are 60 per cent complete and those looking for “last-mile” funding.

Here are the top national, international headlines of the day.

'The finance minister of India is lacking in macroeconomic understanding,' Congress spokesperson Anand Sharma said.

This window will help in completion of affordable and middle income housing projects.

The minister also said there will be a fully automated electronic refund route for input tax credits (ITC) in GST.

The government has mandated the Reserve Bank of India to keep the retail inflation in the band of 2-6 per cent.

The govt's previous policy measures included support for auto sector, reduction in tax, and additional liquidity for banks.