new delhi the finance ministry is working on one more booster dose to give a legup to the economy that has hit over sixyear low of 5 per cent a senior finance ministry official said the blue print for the stimulus is ready that would be announced by finance minister nirmala sitharaman in the next few days the official said without giving further details the government announced a slew of measures in three dosages which include a special window for real estate export incentives bank consolidation and sops for micro small and medium enterprises msmes and the automobile sector earlier this week rbi governor shaktikanta das had said the government has taken a number of measures to boost the economy in three phases and indicated that more steps are likely advt i think with right measures taken things should improve its a positive trend that the government is responding fast and i dont think we have heard the last from the government with regard to dealing with the current economic situation my expectation is that it will be a continuous process and they would definitely be dealing with other challenges he had said the first set of announcements was made on august 23 that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors in budget 201920 sitharaman had in her maiden budget raised the surcharge on income tax paid by superrich individuals the surcharge levied on top of the applicable income tax rate was hiked from 15 per cent to 25 per cent for those with a taxable income of rs 25 crore and to 37 per cent for those earning more than rs 5 crore this increased the effective tax rate for these two groups by 312 per cent and 7 per cent to 39 per cent and 4274 per cent respectively some 40 per cent of foreign portfolio investors fpis automatically came under the higher tax rate as they have been investing as a noncorporate entity such as trust or association of persons aops which in the income tax law is classified as an individual for the purpose of taxation advt it was followed by announcement with regard to consolidation of 10 public sector banks psbs into four on august 30 according to the consolidation exercise united bank of india and oriental bank of commerce are to be merged with punjab national bank making the proposed entity the secondlargest psb syndicate bank is to be merged with canara bank allahabad bank will be merged with indian bank andhra bank will be amalgamated with corporation bank and union bank of india this would be the second round of consolidation of psbs earlier this year state bank of india had absorbed its five associate banks and the bharatiya mahila bank to form the biggest public sector lender in another merger bank of baroda had taken over dena bank and vijaya bank last week the government announced a slew of measures to boost exports and the real