Finance Minister refuses to respond on economic slowdown
Chennai: Finance Minister Nirmala Sitharaman on Sunday refused to respond on economic slowdown and unemployment in India. She faced the question from the media on Sunday after former Prime Minister Manmohan Singh also criticised the Modi government for the economic slowdown in the country. She had no reply to Manmohan Singh’s criticism.
The minister said that the government is consulting several sectors of the economy and the recent announcement are result of such consultations.
Speaking to reporters here days after the mega bank mergers, Sitharaman said that she was ready to talk to representatives of every sector whoever approached her.
She said the measures announced in the July budget were showing results on ground.
On the latest announcement of mergers of 10 public sector banks into four, Sitharaman reiterated that the merger would not lead to retrenchment of any employee in the banks.
Sitharaman allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation.
(With added inputs from agencies)