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Will the fresh COVID stimulus package boost India s economy?

1/9 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.. 2/9   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. 3/9   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

Top headlines: Govt s Rs 6 3 trn package, upGrad to join unicorn club

Govt announces 6.3 trillion package to spur growth Union Finance Minister Nirmala Sitharaman on Monday announced the much-awaited fiscal package to revive the economy ravaged by the second pandemic wave. The Rs 6.28-trillion package included a new credit guarantee scheme for health, tourism and micro borrowers, besides expanding the Emergency Credit Line Guarantee Scheme (ECLGS) by half to Rs 4.5 trillion and extending the Aatmanirbhar Bharat Rozgar Yojana. The new announcements include extending credit guarantees of Rs 2.6 trillion and schemes worth Rs 2.4 trillion, spread over the next two to four years. An additional allocation of Rs 2.32 trillion has been made to develop health facilities for children. Read more

Union Finance Minister announces string of economic relief measures

Union Finance Minister announces string of economic relief measures
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