PM Modi to meet FM Arun Jaitley today

Prime Minister Narendra Modi will interact with Finance Minister Arun Jaitley and other top officials today to take stock of the situation and discuss remedial measures to bolster growth.

According to PTI, Mr Modi will threadbare analyse the economic situation with Mr Jaitley and secretaries of the finance ministry and explore options to stimulate the economy. The meeting comes days after government data showed GDP growth in the first quarter of the current



fiscal slumping to a three-year low of 5.7 per cent, from 7.9 per cent in April- June of 2016 and 6.1 per cent of January-March.

The teething troubles with the rollout of the Goods and Services Tax (GST), after-effects of demonetisation and the fiscal space available is likely to figure during the meeting. Chief Economic Adviser Arvind Subramanian had last week briefed the Prime Minister on macro-economic situation.