new delhi india inc on friday cheered the slew of measures announced by the government encompassing a broad range of sectors and said the impactful interventions will shore up confidence and revive the animal spirits in the economy that had started showing signs of a deep slowdownaddressing a press conference here finance minister nirmala sitharaman said all pending gst refunds to micro small and medium enterprisies msmes till date shall be paid within 30 days while future refund matters will be sorted out within 60 daysshe also said that all old tax notices will be decided by october 1 or will be uploaded again through the centralised systemthe finance minister also announced withdrawal of enhanced surcharge levied on fpis restoring the prebudget positionthe most important announcement was the removal of the surcharge on fpi di profits because this was strong evidence of a listening capacity the humility to coursecorrect more than anything else that should regenerate spirits mahindra group chairman anand mahindra tweetedhe added that holding a press conference and announcing a slew of measures instead of a trickle of tweaks was smart communicationit garnered global attention and signalled governments recognition of the gravity of the situation and an intent to reignite sentiment and growth he saidcii director general chandrajit banerjee said the excellent package would help the economy to leapfrog to the next levelthe government also allowed an additional 15 per cent depreciation on vehicles acquired from now till march 2020 and said it will come out with a scrappage policy for old vehiclesit also said csr rule violations will only be treated as civil matter and not as criminal matterwhile the increased depreciation from 15 per cent to 30 per cent and deferment of increased registration fees till june 2020 will have a positive impact moderation of gst base rate from 28 per cent to 18 per cent for all categories as being requested by the auto industry for sometime now would have been the real demand stimulant jaguar land rover india limited president and md rohit suri saidassocham president b k goenka said it is clear that the government is concerned with current economic situation and added that the industry will respond very enthusiastically to these praiseworthy movesficci president sandip somany said the measures will give a major boost to the economy that had started showing signs of a deep slowdown as these measures take effect we are sure that these will lift the confidence of businesses and investors alike he addedwe thank fm smt nsitharaman ji for announcing key measures which will give a boost to demand industrial activityoverall growth of the indian economy eagerly waiting for the housing industry announcements credai chairman jaxay shah tweetedpnb housing finance managing director sanjaya gupta said the measures will support growth and ease liquidity crunch in the housing finance sectoreconomists and experts too said the announcements made by the government will have a positive impact on the economyms mani partner at deloitte india said expediting gst refunds