Slow GDP growth a challenge to face: Sadananda Gowda

Slow GDP growth a challenge to face: Sadananda Gowda

Agency News

Bengaluru, Sep 12 : Opining that the sliding Gross Domestic Product (GDP) rate had thrown a challenge, the Union Minister for Chemicals and Fertilisers, D V Sadananda Gowda expressed confidence that it will be overcome by the Union Government soon.
Addressing a press conference here on Thursday, on the occasion of completing 100 days in office after coming back a second time at the Center by the Narendra Modi led BJP government, he assured, ‘’The Government was taking several measures to stem the slide of GDP and it has already started showing positive results.”

Informing that the Union government had taken a decision to infuse over Rs 76,000 crores to the Nationalised banks, he said, “The fund released by the Center would help to generate credit outflow to the tune of over Rs 5 lakh crore and benefit SMSEs and Small traders across the country. It will also help solve the liquidity problem being faced by the SMEs sector” he said.

Referring to the slowdown being faced by the Country’s Automobile sector, he said that “Finance minister, Nirmala Sitaraman, had announced several remedial measures to overcome the situation and more would follow”.

Stating that the impact of global economic scenario also contributed to sluggish conditions in the Indian economy, the Union minister reminded that in the past the GDP rate had plunged below 4.2 per cent but the country’s economy bounced back.

He said the Narendra Modi had taken several ground-breaking decisions including that of abrogating article 370 and 35-A for the Jammu and Kashmir state, and enacting Triple talaq law, he said that “In the last 100 days, the Union government had given priority to ensure on Security, Safety and Services to the citizens of the country. The incidents in Kashmir have come down and it will be more peaceful State in the near future”.

Referring to the delay in announcing the flood relief to Karnataka, the union minister said that “the union home ministry has already taken initiative on this issue and relief package would be announced soon.”

He also denied that the Union ministers from Karnataka, are not taking up the issue of announcing flood relief package, fearing the Prime minister.

“Prime minister is kind enough to hear the problems of the States with the cabinet ministers, regularly on weekly basis”.

Replying to questions, over the stringent ‘penalty’ being imposed on the citizens for violating the Traffic rules, he said that “The concerned state governments had been given power as for as levying the penalties”.

Replying to questions the minister, had disagreed with the Karnataka Deputy Chief Minister Govind Karajol’s opinion that good roads also responsible for more road accidents.

“Complying to the Traffic guidelines will definitely help to reduce the road accidents and avoid the death of citizens,” he added. (UNI)