The Modi govt will provide another relief package.

The Modi govt will provide another relief package.

A series of meetings in the Ministry of Finance

There is a continuous round of meetings in the Ministry of Finance to take the right path to keep the economy alive. There have been a lot of pickets in the last two months. The government has also come under fire after official GDP figures came out recently. The economic growth rate in the April-June quarter was -23.9 percent. India has become one of the countries in the world where the economy has been hit the hardest.

The Modi gov. will provide another relief package. The PMO is making strenuous preparations

The central gov is working on another relief package to get the economy back on track. The second relief package will focus on the country’s middle class population and small businesses. A few days ago, Chief Economic Adviser Krishnamurthy V Subramaniam said that another relief package could be expected soon.

statement now coincides with the Modi government’s move to revive the economy. The government believes that the announcement of a second relief package would be more beneficial in the current situation, as the lockout has now been lifted and businesses and other services have opened in most states.

PMO’s eye

Following the release of GDP figures, it is now believed that the finance ministry is wary of the challenges ahead. There is no sign of any improvement in GDP in the other quarters of the current financial year. Many experts estimate that the Indian financial year could decline by 7 to 9.5 per cent in the current financial year. The Prime Minister’s Office (PMO) is also keeping an eye on the recent meetings in the finance ministry. PMO officials are also participating in these meetings.

The biggest challenge is to boost demand

The festive season is coming. In such a scenario, the government hopes that market demand will pick up. Increasing demand is very important to improve the current situation in the economy. India Today, citing a source, wrote in a report that if government officials regularly meet with corporate leaders, a blueprint for further economic reform could be prepared. Corporate leaders have made it clear in their advice that declining demand is the biggest challenge of the present time.

A series of meetings in the Ministry of Finance
There is a continuous round of meetings in the Ministry of Finance to take the right path to keep the economy alive. There have been a lot of pickets in the last two months. government has also come under fire after official GDP figures came out recently. The economic growth rate in the April-June quarter was -23.9 percent. India has become one of the countries in the world where the economy has been hit the hardest.

PMO’s eye
Following the release of GDP figures, it is now believed that the finance ministry is wary of the challenges ahead. There is no sign of any improvement in GDP in the other quarters of the current financial year.

Many experts estimate that the Indian financial year could decline by 7 to 9.5 per cent in the current financial year. The Prime Minister’s Office (PMO) is also keeping an eye on the recent meetings in the finance ministry. PMO officials are participating in these meetings.

The biggest challenge is to boost demand
The festive season is coming. In such a scenario, the government hopes that market demand will pick up. Increasing demand is very important to improve the current situation in the economy. India Today, citing a source, wrote in a report that if government officials regularly meet with corporate leaders, blueprint for further economic reform could be prepared. Corporate leaders have made it clear in their advice that declining demand is the biggest challenge of the present time.
will be concentrated in both these segments.

Important link..
CLICK HERE TO GUHARATI
Dear Visitors, We Every day Update Our Website

Leave a Reply

Your email address will not be published.

error: Content is protected !!
%d bloggers like this: