Services sector package: Govt yet to decide what it will spend funds on

The Rs 50 billion package seeks to jump-start growth in 12 services sectors

While the government has allocated a Rs 50 billion package for the services sector, it is yet to yet to decided as to what the money would be spent on.

Last week the Cabinet had declared the financial package to jumpstart growth in 12 sub sectors in the services sector. However, senior government officials have confirmed that the spending pattern of the fund hasn't been completely decided upon and is also not expected soon.

The 12 specific sub-sectors such as Information Technology and IT-enabled Services, Tourism, Medical Value Travel, Transport and Logistics Services, among others, have been identified due to