Finance Minister Nirmala Sitharaman will on Thursday announce the second set of measures that are part of a Rs 20 trillion fiscal and monetary package announced by Prime Minister Narendra Modi to support India’s economy, which has been battered by a 51-day lockdown to curb the coronavirus outbreak.
Sitharaman on Wednesday announced measures of nearly Rs 5.94 trillion to provide relief to small businesses, taxpayers, shadow banks, power distribution companies, real estate, organised sector employees, and contractors working with the government.
The immediate fiscal impact of Wednesday’s announcements could be less than Rs 20,000 crore, even though analysts differ on