Amit Shah and Arun Jaitley meet PM, trigger buzz of major announcement
News18, quoting sources, said that that Modi, Shah and Jaitley had discussed the state of the economy at the meeting, and that a major announcement can be expected before Diwali.
Prime Minister Narendra Modi hosted a top-level meeting at his residence on Thursday afternoon which was attended by Finance Minister Arun Jaitley and Bharatiya Janata Party President Amit Shah, triggering buzz that a major announcement is imminent.
News18, quoting sources, said that that Modi, Shah and Jaitley had discussed the state of the economy at the meeting, and that a major announcement can be expected before Diwali.
The development comes a day after Modi sternly defended the state of the economy in a speech to company secretaries. The Prime Minister pulled out a series of statistics to prove that the economy has significantly improved since he came to power in 2014. He also labelled those criticising the economy as pessimists, adding that judgements should not be made based on one quarter of slower growth.
Further fuelling speculation of a major announcement was the fact that Shah had abruptly abandoned the BJP's Jan Suraksha Yatra in Kerala to return to Delhi.
There has been talk of a fiscal stimulus being under consideration to boost the economy, after India grew at just 5.7 percent in the quarter ending June 2017.
More to follow...
