Foreign investors pulled out Rs 8,319 crore on a net basis from capital markets in the first half of August, continuing their selling spree in the Indian market amid uncertainty over FPI tax and global trade worries.

Auto slowdown: Addressing the media in New Delhi, Sitharaman said that the government will make auto loans cheaper and the banks will launch repo rate or external benchmark linked loan products.

Union Finance Minister Nirmala Sitharaman has announced that all the pending GST refunds that are due to MSMEs till now will be executed within the period of 30 days. Sitharaman made the announcement during a press conference in New Delhi on the current economic situation.

Though Nirmala Sitharaman had earlier declined to comment on the speculations of a stimulus package, she has been meeting industry representatives for the past several days to understand their concerns

Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 per cent from the previous estimation of 6.8 per cent.