Statement of the Union Cabinet on Financial Situation



Following is the statement made by the Finance Minister, Shri P. Chidambaram on behalf of the Union Cabinet on the financial situation: The United States and many countries in Europe are passing through a severe financial crisis. The ripple effects of this crisis are being felt in other countries, including India. The authorities in the US and the Europe have taken a number of bold and unconventional steps in order to stabilise the financial situation. We hope that their efforts will succeed
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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