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Government will give Rs 1.5 lakh crore incentive package to get relief from Corona outbreak, money will be transferred directly to account?

Vice Daily 2020-03-25 20:09:12

The government may announce an economic stimulus package of Rs 1.5 lakh crore to offset the impact on the country's economy as a result of the lockdown to curb the growing cases of Corona virus.  Two sources aware of the cas…





The government may announce an economic stimulus package of Rs 1.5 lakh crore to offset the impact on the country's economy as a result of the lockdown to curb the growing cases of Corona virus.  Two sources aware of the case have given this information.  On the condition of anonymity, sources said that the government is yet to finalize the package and negotiations are on between Prime Minister Narendra Modi's office, the Finance Ministry and the Reserve Bank of India.

 A senior official from the sources said that the stimulus package could be up to Rs 2.3 lakh crore, though talks are on with the final figures.  It may be announced by the end of this week.  He said that these funds can be used to directly transfer money to the account of 10 crore people and to help the businesses most affected by the lockdown.