Govt open to further stimulus to lift economy

The government is open to further stimulus measures to boost the coronavirus hit economy, Economic Affairs Secretary Tarun Bajaj said on Wednesday. Finance Minister Nirmala Sitharaman had announced a slew of measures to spur demand and ramp up capital expenditure earlier this month. This was the third stimulus package since the outbreak of the Covid-19 pandemic.The government had announced Rs.1.70 lakh crore Pradhan Mantri Garib Kalyan Yojana(PMGKP) in March to protect the poor and vulnerable sections from the impact of the pandemic. It was followed by the Aatma nirbhar Bharat Abhiyan package of Rs 20.97 lakh crore in May, largely focussed on supply side measures and long-term reforms.

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