Nirmala Sitharaman responds to Kiran Mazumdar Shaw’s tweet, says she is working on reviving growth
The Biocon chairperson asked why the finance minister, and not the health minister, addressed the press conference where a ban on e-cigarettes was announced.
Union Finance Minister Nirmala Sitharaman on Thursday responded to businesswoman Kiran Mazumdar Shaw’s tweet asking why the ban on e-cigarettes, approved the day before by the Cabinet, was not announced by Health Minister Harsh Vardhan. The Biocon chairperson also asked why the finance minister had also not announced measures to revive the economy. The government on Thursday issued an ordinance to ban e-cigarettes.
“A few things, Kiran ji,” Sitharaman tweeted. “This press conference [on Wednesday] was dedicated to Cabinet decisions. I began by saying that I was there in my capacity as chair of the group of ministers which has dealt with the matter. Dr Harsh Vardhan is out of country for an international meet.”
The finance minister pointed out that Cabinet ministers join Information and Broadcasting Minister Prakash Javadekar at press conferences when required. “Health secretary was also with me, explaining details,” she added. “These are protocols, as you know, which government press conferences follow.”
Sitharaman pointed out she was “working on and regularly speaking about measures we have been taking on matters of the economy”. Shaw thanked the finance minister for her response and said she stood corrected.
I now understand n I stand corrected. Tks for explaining my confusion. Really grateful for your response.
— Kiran Mazumdar Shaw (@kiranshaw) September 19, 2019
As Finance Minister — you might’ve observed — I’ve been working on and regularly speaking about measures we’ve been taking on matters of the economy. 3/3
— Nirmala Sitharaman (@nsitharaman) September 19, 2019
On September 14, Sitharaman had announced the third set of government decisions to revive the economy, including a Rs 50,000-crore export incentive scheme and a Rs 10,000-crore special window to provide last mile funding for unfinished housing projects. The decisions follow two previous mega announcements designed to encourage private sector investment, and bring further stability into the banking system through several public sector bank mergers.
India’s economic growth rate had slipped to 5% in the April-June quarter, the lowest in over six years. In the last few months, core sectors such as automobiles and manufacturing have witnessed a progressive slowdown in growth due to weakened consumer demand and dearth of investments.
Now, follow and debate the day’s most significant stories on Scroll Exchange.