Atmanirbhar Bharat 3.0: Understanding 12 stimulus measures announced by FM Sitharaman
Adressing the press conference, the FM said that she would announce a few new measures that can be called the next step in the series of stimulus announcements.
New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday addressed a press conference during which she announced the next set of stimulus package to boost the Covid-hit economy. The new announcements aim at benefitting companies and individuals, who lost their jobs due to Covid-19 induced lockdown.
The Finance Minister Nirmala Sitharaman pointed at recovery in energy consumption, bank credit, GST collections and daily railway freight as examples of the economy’s upward trend.
FM Sitharaman also said that the Reserve Bank of India (RBI) has predicted a strong likelihood of the Indian economy returning to positive growth in Q3:2020-21.
Here’s the breakdown of 12 stimulus measures announced by FM Sitharaman:
