Sitharaman's announcements will boost demand in economy: PM Modi

anuncements me by Finance Minister Nirmala Sitharaman on Monday are "timely moves" which will boost demand in ecomy, Prime Minister Narendra Modi said. 

Sitharaman anunced a payment of cash in lieu of LTC and Rs 10,000 festival vance to government employees to stimulate consumer demand during festival season and boost ecomy.

She also anunced ditional capital spending and Rs 12,000 crore, 50-year interest-free loan to states to boost ecomy that has been battered by pandemic and resulting lockdown.

(IM CREDITS:PTI)