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Budget 2021: IMF favours extension of pandemic support
India
Updated: Thursday, January 28, 2021, 17:04 [IST]
New Delhi, Jan 28: Ahead of India s annual budget presentation next week, IMF s Chief Economist Gita Gopinath has favoured the extension of the pandemic support measures, thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies.
IMF s Chief Economist Gita Gopinath
The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI on Tuesday. And you want to revisit it and see how effectively that is working and see whether additional support may need to be provided, she said while responding to a question on her recommendations to Finance Minister Nirmala Sitharaman, ahead of her presentation of the annual Union Budget on February 1.
The Ministry of Finance has released the 13th weekly instalment of Rs 6,000 crore to the states on Monday to meet the GST compensation shortfall.Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. .
Till now, 70 per cent of the total estimated GST compensation shortfall has been released to the states and union territories (UTs) with legislative assembly., , gst council