Govt looking at challenges faced by various sectors: Fin Min

New Delhi, Sep 7 (KNN) The Finance Minister Nirmala Sitharaman said the government is looking at challenges faced by various sectors.

Answering the query on the ongoing slowdown of the economy during a press conference, she said "We are interacting with each of the sectors, and taking a considered view on how we will have to respond to each one of them, so that the sectors get the solutions they have asked."

"There will be one more consultation. We are constantly and openly engaging with the sectors, who are expecting the government to respond," Sitharaman said.

Commenting on the automobile sector, she said that the government has responded by giving it accelerated depreciation post-consultation. She also referred to the government's clear statement that it would allow all types of vehicles to continue to ply as long as their registration was valid.

The government's move came in view of apprehension in the minds of all stakeholders on whether there will be only promotion of electric vehicles at the cost of internal combustion engines.

The minister said the government was not underestimating the requirements of the various sectors. "The challenges faced by the various sectors will be understood and all help extended," she added.