New Delhi : To revive the economy derailed in the Corona crisis, the Modi government may announce another relief package of about Rs 1.5 lakh crore. Finance Minister Nirmala Sitharaman is scheduled to address a press conference at 12.30 pm today. It is expected that a relief package may be announced in this.
According to sources, Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and other top officials will finalize this package on Thursday itself. In this package, the emphasis can be on job creation and to give relief to the troubled sector. According to sources, industry chambers and the corporate world have been consulted to prepare this package.
Sources did not give detailed information about this package but said that its purpose would be to provide relief to the troubled sector. Also, there will be emphasis on employment generation. Significantly, the country’s economy has been badly affected by the lockdown imposed to prevent infection of the coronavirus.
In the first quarter of this financial year, GDP has fallen by about 24 percent. To give relief to the economy, the government has announced several relief packages. But all these relief packages are not showing any signs of improvement in the economy. Although many indicators have been very positive in the economy recently, they are considered to be an immediate gain during the festive season. Right now the condition of many sectors like travel, service sector is very bad.
On Wednesday itself, the government has announced Production Linked Incentives (PLIs) worth Rs 2 lakh crore for manufacturers in 10 sectors. The country does not seem to get freedom from the Corona crisis yet. Record cases of Corona have come out in the capital Delhi. Corona cases have also been seen increasing in many other cities.