New Delhi: The government is going to announce another stimulus package soon to give a boost to the sluggish economy due to coronavirus pandemic. According to sources quoting the news, today Prime Minister Narendra Modi (Narendra Modi) is going to have a big meeting regarding the relief package. This meeting will be attended by Finance Minister Nirmala Sitharaman and Finance Secretary, this meeting will be held at 6:30 pm today.
Recently, Finance Minister Nirmala Sitharaman himself announced that the way to bring another relief package is not closed. Since then it was decided that the government can bring a second relief package anytime. There has been a continuous round of meetings in the Ministry of Finance regarding the second relief package. There have been many sit-ins in the last two months. Concerns of the government increased after the recent GDP figures fell to -23.9 percent.
Big meeting of PM Modi on relief package
According to the information received from the sources, during the meeting to be held today with Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi will also review the schemes implemented so far under self-reliant India. PM Modi will see how much the first relief package has benefited and where there is scope for improvement. After this, the next relief package is also expected to be discussed. The KV Kamath Committee has already given its report on the second relief package.
Focus can be on jobs
According to sources, in the second relief package, most of the government’s focus is on jobs. A report by the Bank of America Securities (BofA) said that the focus of the new package could be on the relaxation of interest rates for medium traders, relief for realty and recapitalization of public sector banks.
The first relief package came on 12 May
On May 12, Prime Minister Narendra Modi announced a 20 lakh crore self-sufficient India package. While announcing this package, then Prime Minister Narendra Modi said that ‘this special economic package is about 20 lakh crore rupees. This is about 10 percent of India’s GDP. He said that this package of Rs 20 lakh crore will give a new impetus to the self-reliant India campaign in 2020. It is now mandatory for the country to move forward to create a self-reliant India. After this, Finance Minister Nirmala Sitharaman had announced the package for different sectors while holding a press conference for five consecutive days.