Stimulus 4.0! Before Diwali, the government is preparing to give a Diwali gift today. Today another relief package can be announced. According to the information given by the media report, big announcements can be made for sectors suffering pressure from the coronavirus epidemic. The government’s focus may be on increasing employment in the country. Let us know that even before this, during the Corona crisis, the government has announced a relief package 3 times. In such a situation, this relief package will be 4. The Finance Minister will announce this at 12:30 pm.
Focus on demand and employment
Due to Coronavirus epidemic, many sectors of the country have been badly affected. Many people have lost their jobs or lost their income. Demand has been badly affected due to Covid. It is believed that the focus of Sarkasar will be to increase demand and increase employment in this relief package. For this, those sectors will remain in the focus of the government, where more employment can be generated.
1.45 Lakh Crore PLI Scheme
The government has taken continuous measures to overcome Covid 19, including the announcement of a relief package of 20 lakh crore in May. The government has already announced the Production Linked Incentives Scheme (PLI) in 10 sectors to give a boost to the manufacturing sector. The production-linked incentive scheme worth 1.45 lakh crore was approved in the cabinet meeting on 11 November. Pharma, automobile and auto components, telecom and networking products, advanced chemistry cell batteries, textiles, food products, solar modules, white goods and speciality steel sectors will benefit in this.
Tourism, Hospitality and Aviation
In May, the government announced a relief package of 20 lakh crores. The focus of this package was to increase liquidity and provide easy credit to small businesses. But more was not done to promote spending. In this package, the worst affected sectors like tourism, hospitality and aviation were left out of Corona. Now the focus can be on these sectors. Explain that the nationwide lockdown was imposed due to Corona epidemic, due to which the growth of the economy went into the negative zone.