Union Finance Minister Nirmala Sitharaman is likely to announce a stimulus package at 12:30 PM today. The central government is focusing on stressed sectors, middle-income groups in urban and rural areas, and employment generation before Diwali.
The cabinet on Wednesday approved a proposal to provide production-linked incentives of about Rs2 lakh crore ($27 billion) over five years to create jobs and boost manufacturing in the country.
This time the focus would be on boosting demand and the third package, too, tried to create demand through the leave travel concession (LTC) route.
Source: Media Reports
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