PM Modi meets FM Sitharaman for second economic stimulus package – Times of India

NEW DELHI: Prime Minister Narendra Modi on Saturday held a collection of conferences with key ministers, together with house minister Amit Shah and finance minister Nirmala Sitharaman, and officers of economic ministries to agency up the second stimulus package for sectors impacted by lockdown to curb the unfold of coronavirus, sources mentioned.
The Prime Minister held discussions with Shah and Sitharaman and would have observe up conferences with ministers of key economic ministries resembling Micro, Small & Medium Enterprises (MSME), sources mentioned.
The finance ministry, which deferred launch of month-to-month GST assortment numbers on Friday, can also be scheduled to make an in depth presentation to the Prime Minister later within the day on the state of economic system and a number of other initiatives that it plans to undertake to stimulate Indian economic system.
The Prime Minister already had conferences with completely different ministries together with civil aviation, labour and energy on Friday. He had detailed deliberation with commerce and MSME ministries amongst others on Thursday with concentrate on attracting each home and abroad funding and revival of small companies within the nation in order that the restoration course of is hastened.
During these conferences each the house minister and the finance minister have been current.
To mitigate hardships confronted by the underside of the pyramid, the federal government in late March had introduced a Rs 1.7 lakh crore stimulus package comprising free foodgrains and cooking gasoline to poor and money doles to poor girls and aged.
Sources mentioned the federal government is contemplating to announce a second dose of aid measures for the section and a stimulus package for India Inc shortly.
The authorities had first imposed a 21-day nationwide lockdown starting March 25 and later prolonged it until May 3.
The lockdown shut companies, stopped air and rail journey and restricted motion of folks and items.
Beginning May 4, the federal government has determined to ease sure restrictions together with opening of industries for inexperienced and orange districts which both have nil or low quantity of instances. The easing of restriction in specified districts is until May 17 with strict vigil by native administration.

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