Updated November 12th, 2020 at 20:40 IST
Modi govt leaving no stone unturned to make India self-reliant: BJP president J P Nadda on economic package
Welcoming the third economic package of the government in the wake of the COVID-19 pandemic, BJP president J P Nadda on Thursday said the Modi government's timely decisions and effective last mile delivery are leaving no stone unturned to make India self-reliant.
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Welcoming the third economic package of the government in the wake of the COVID-19 pandemic, BJP president J P Nadda on Thursday said the Modi government's timely decisions and effective last mile delivery are leaving no stone unturned to make India self-reliant.Finance Minister Nirmala Sitharaman on Thursday announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation as the government widened stimulus measures to boost the economy.
The measures, which also include additional fertiliser subsidy and already announced production-linked incentive scheme for manufacturing units, totalled Rs 2.65 lakh crore, taking the cumulative stimulus package announced since the lockdown to almost Rs 30 lakh crore, or 15 per cent of the Gross Domestic Product (GDP).
This was the third economic package by the Modi government in the wake of the COVID-19 pandemic.
With today's announcements total stimulus have gone up to Rs 29.87 lakh crore, which is 15% of the GDP. Hon PM @narendramodi ji govt's timely decisions & effective last mile delivery is leaving no stone unturned to make India Self-reliant.
— Jagat Prakash Nadda (@JPNadda)
The announcements are noteworthy as it allocates Rs 1.46 Lakh Crore the to Manufacturing sectors & Rs 65,000 crore to fertilizer's subsidy, enhances the outlays to PM Aawas Yojna & PM Garib Kalyan Rozgar. Industrial Stimulus and R&D grant for COVID vaccine are also significant.
— Jagat Prakash Nadda (@JPNadda)
(IMAGE CREDITS:PTI)
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Published November 12th, 2020 at 20:40 IST