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  • Mon. Nov 25th, 2024

Covid-19: Govt readying stimulus for corporates, relief for poor

Covid-19: Govt readying stimulus for corporates, relief for poor

Economic activities, including construction, have been heavily impacted due to the lockdown

NEW DELHI: The government is giving the final touches to a comprehensive stimulus package that aims to address the concerns of the common man as well as the corporate sector, including large and small businesses battling the impact of the coronavirus and the lockdown that has stalled economic activity.

On Thursday, Prime Minister Narendra Modi spent several hours with finance minister Nirmala Sitharaman and her team of officials to discuss the contours of the proposed package, which followed several rounds of consultations at different levels.

Sitharaman is understood to have sought inputs from line ministries, states, sections of industry and other stakeholders to work out a detailed plan. The view in the government has been that its immediate priority should be to address problems of the poor and migrant labour affected by shuttered workpla

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