India News | PM-STIMULUS Financial Package Continues Govt's Efforts to Help All Sections of Society: PM
Get latest articles and stories on India at LatestLY. Prime Minister Narendra Modi has asserted that the "Aatmanirbhar Bharat" package announced on Thursday continues his government's efforts to help all sections of society.
New Delhi, Nov 12 (PTI) Prime Minister Narendra Modi has asserted that the "Aatmanirbhar Bharat" package announced on Thursday continues his government's efforts to help all sections of society.
In a tweet, he said these initiatives will help create jobs, alleviate the stressed sectors, ensure liquidity, boost manufacturing, energise the real estate sector and support farmers.
Finance Minister Nirmala Sitharaman announced tax relief on select home sale deals, enhanced the credit guarantee programme for small businesses and provided incentives for new job creation as the government widened stimulus measures to boost the economy.
The measures that also include an additional fertiliser subsidy and the already announced production-linked incentive scheme for manufacturing units, totalled Rs 2.65 lakh crore, taking the cumulative stimulus package announced since the coronavirus-triggered lockdown to almost Rs 30 lakh crore or 15 per cent of the Gross Domestic Product (GDP).
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)