Published 21:29 IST, October 12th 2020
Sitharaman's announcements will boost demand in economy: PM Modi
The announcements made by Finance Minister Nirmala Sitharaman on Monday are "timely moves" which will boost demand in economy, Prime Minister Narendra Modi said.
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The announcements made by Finance Minister Nirmala Sitharaman on Monday are "timely moves" which will boost demand in economy, Prime Minister Narendra Modi said.
Sitharaman announced a payment of cash in lieu of LTC and Rs 10,000 festival advance to government employees to stimulate consumer demand during the festival season and boost the economy.
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She also announced additional capital spending and Rs 12,000 crore, 50-year interest-free loan to states to boost the economy that has been battered by the pandemic and the resulting lockdown.
(IMAGE CREDITS:PTI)
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21:29 IST, October 12th 2020