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Union Finance Minister Nirmala Sitharaman has announced a Rs 6.28 lakh crore stimulus package. The package aims to boost Covid-affected sectors through eight measures proposed by the Ministry of Finance and includes four new economic relief measures. Here are the highlights..
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The Centre will spend an additional Rs 23,220 crore for short-term health emergency preparedness for the COVID-19 pandemic. The funding aims to increase the number of ICU beds and enhance the availability of equipment and liquid medical oxygen (LMO). Special emphasis will be laid on the preparedness of the healthcare infrastructure in terms of child and pediatric care.
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Once issuance resumes, the first five lakh tourist visas will be issued free of charge, said the Union Finance Minister. The incentive will cost the government around Rs 100 crore. Sitharaman also announced a loan guarantee scheme for the tourism sector, which has been one of the worst-hit by the coronavirus pandemic. The
Govt announces Rs6,28,993-cr booster package for economy
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Cabinet approves Rs 6 29-lakh crore Covid-19 stimulus package announced by Sitharaman
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