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Govt Deliberates on Second Economic Stimulus Package

Prime Minister Narendra Modi on Saturday held a series of meetings with key ministers, including Home Minister Amit Shah and Finance Minister Nirmala Sitharaman, and officials of economic ministries to firm up the second stimulus package for sectors impacted by lockdown to curb the spread of coronavirus, PTI reports. The prime minister held discussions with Shah and Sitharaman and would have follow up meetings with ministers of key economic ministries such as Micro, Small & Medium Enterprises (MSME).

The finance ministry, which deferred the release of monthly GST collection numbers on Friday, is also scheduled to make a detailed presentation to the Prime Minister later in the day on the state of the economy and several initiatives that it plans to undertake to stimulate Indian economy.

The Prime Minister already had meetings with different ministries including civil aviation, labour and power on Friday. He had detailed deliberation with commerce and MSME ministries among others on Thursday with focus on attracting both domestic and overseas investment and revival of small businesses in the country so that the recovery process is hastened.

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