New Delhi | Jagran News Desk: Finance Minister Nirmala Sitharaman on Friday made a series of announcements and outlined the road ahead for the country's economy.

One of the key things that Sitharaman announced was that the Corporate Social Responsibility (CSR) violations were decriminalised. The finance minister further said that such matter will now be treated as civil offences.

Also Read: 'India still fastest growing economy': Sitharaman outlines road ahead for Indian economy | Highlights

“CSR violations will not be treated as a criminal offence and instead be as civil liabilities. On or after 1st October 2019 all the Income-tax orders, notices, summons, letters, etc shall be issued through a centralised computer system,” she said.

“Our moves have benefited have MSMEs and homebuyers. Corporate Social Responsibility (CSR) violations will not be treated as criminal offence but as a civil offence,” she added. 

Sitharaman also said that Indian economy was still the fastest growing and drew comparisons with the United States and China. "India's economic growth is more than that of the US and China", Sitharaman said.

 

"I want to give you a picture of what is happening globally. Global growth is 3.2 per cent, likely to be revised downwards. Many organizations say global demand is very weak," Sitharaman said during a press conference.

Posted By: Aalok Sensharma