New Delhi: Economic Affairs Secretary Tarun Bajaj said on Tuesday that Finance Minister Nirmala Sitharaman will soon announce another stimulus package to speed up the economy affected by the Corona virus crisis. In a conversation with reporters through video conference, he said that the Finance Ministry is looking into the suggestions and requests received from various sectors of the economy.
Bajaj said, “Actually we are discussing that. It is difficult for me to tell the date but we have received many requests and comments from various fields. It will be announced soon. The finance minister will talk to you about this. “
Sitharaman had announced some measures to boost demand and increase capital expenditure last month. This was the third stimulus package after the Covid-19 epidemic. The government announced a package of Rs 1.70 lakh crore under the Pradhan Mantri Garib Kalyan Yojana in March to protect and help the poor and needy from the effects of the Kovid-19 crisis. After that, in May, a self-sufficient India campaign package worth 20.97 lakh crore was announced. It mainly focused on strengthening the supply system and long-term reforms.
Regarding the high prices of food items, Bajaj said that this is temporary and the government has taken several measures to control prices. He said that this is to a large extent linked to ‘logistic’ and prices may come down with the arrival of new crops. Regarding the revival, the Economic Affairs Secretary said that the economy has been showing improvement for the last few months since the lockdown was relaxed and the situation will improve further in the coming months. He said that despite the Covid-19 situation, India’s growth story remains intact.
