Stimulus Package India Latest News

Additional support for small businesses states and local governments.

Stimulus package india latest news. India is planning to announce a fresh round of stimulus totalling about 20 billion this week to help pull the economy out of its historic contraction government officials said on wednesday. More aid for the unemployed the hungry and those facing eviction. With the previous rounds of budgetary fiscal support around 1 of gdp today s demand stimulus measures take total fiscal support on budget to about 1 2 of gdp which is small compared with the.

The borrowing limits for states under the fiscal responsibility and budget management act frbm has been increased to 5 of. A second stimulus package 13 billion 1300 crores and focus on help for small and medium businesses weathering the coronavirus outbreak two senior officials said on wednesday. Fm nirmala sitharaman announcements.

Finance minister nirmala sitharaman on thursday announced as many as 12 new measures under the new aatmanirbhar bharat 3 0 stimulus package worth rs 2 65 lakh crore to boost the indian economy amid the ongoing covid 19 pandemic. As part of the announcement made for the rs20 trillion stimulus package. She initially began by speaking about the current state of the economy.