INSUBCONTINENT EXCLUSIVE:
any economic stimulus before Monday as more meetings are being planned to discuss a package, a government source said.Prime Minister
Narendra Modi on Thursday held a meeting with officials to discuss steps to arrest a slowdown, the source added.The source said the
government was looking into policy issues such as exempting foreigh portfolio investor trusts from recently imposed high tax, deferring a
proposal to raise minimum public share holding in listed companies to 35 per cent from 25 per cent and easing of banking credit.Finance
Minister Nirmala Sitharaman last week held several meetings with industry leaders, who have called for stimulus measures, including tax
rebates, to support consumer demand and private investment.Meanwhile, the Australia and New Zealand Banking Group (ANZ) slashed its forecast
for India's economic growth to 6.2 per cent in the financial year ending next March from a previous estimate of 6.5 per cent, warning it
would be tough for authorities to engineer a turnaround.Get Breaking news, live coverage, and Latest News from India and around the world on
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