Govt gets ready for reforms to fight slowdown; FM to meet FPIs, MFs today

FM Nirmala Sitharaman is holding daily meetings with industry in the backdrop of sluggish economic growth

Even as Finance Minister Nirmala Sitharaman is holding daily meetings with industry in the backdrop of sluggish economic growth, the Centre is planning reforms in crucial sectors over the next few months, Business Standard has learnt.

These plans include a public transportation initiative on the lines of the erstwhile National Urban Renewal Mission (JN-NURM) for the automobile sector, a tax overhaul through the direct tax code (which is in the works), and others.

The finance minister will also be meeting market participants including senior officials of foreign portfolio investors and mutual funds on Friday to ascertain views on current issues relating to