Prime Minister Narendra Modi on Saturday praised Nirmala Sitharaman's decision to reduce corporate tax, calling it a 'win-win for 130 crore Indians'.

Finance Minister Nirmala Sitharaman on Friday announced four measures which could give economy a much-needed boost. It comes ahead of GST meet to be held in Goa today.

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This comes after the Reserve Bank of India (RBI) recently reduced 1.1 percentage point in the repo rate - the key interest rate at which it lends short-term funds to commercial banks - so far this year.

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Crisis-hit auto industry received an assurance from union minister Nitin Gadkari on Thursday of all possible support during the tough time, resulting in a stock jump up to 7.8%.

The reaction from BJP came a day after Manmohan Singh said that Narendra Modi government is responsible for "all-round mismanagement". He said if the economy is not revived of man-made blunders of demonetization.

There are various genius minds which have been stretching their thoughts to find out the real reasons behind such unintended 'economic slowdown'. There are a few who are also blaming the political decisions taken by the current government like introduction of GST and other factors.

The PNB has decreased the interest rates by up to 0.50 percentage point on select maturities, according to the public sector bank's website -- pnbindia.in.

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