Coronavirus: 'Additional measures, economic stimulus to be provided soon,' says Sitharaman
Coronavirus update: FM Nirmala Sitharaman said that India would ensure that supply of essential drugs to needy countries does not stop
- Apr 18, 2020,
- Updated Apr 18, 2020 9:19 AM IST
India will soon roll out additional measures and economic stimulus to assist the industry and help the poor overcome the financial fallout of coronavirus, said Finance Minister Nirmala Sitharaman on Friday. Sitharaman said at the 101st meeting of the Development Committee Plenary of the World Bank that India would continue to ensure that supply of critical medicine to needy countries does not stop. She participated in the meeting through video conferencing.
The Finance Minister elaborated that support measures of Rs 1.70 lakh crore have been provided as welfare measures. These measures includes free health insurance to frontline health workers, free food and gas, cash transfers and additional security measures for affected workers.
Sitharaman also said during the meeting that statutory and regulatory compliance matters relating to income tax, GST, financial and corporate affairs have also been provided by the government to help companies cope with the sudden loss of economic opportunity.
India will soon roll out additional measures and economic stimulus to assist the industry and help the poor overcome the financial fallout of coronavirus, said Finance Minister Nirmala Sitharaman on Friday. Sitharaman said at the 101st meeting of the Development Committee Plenary of the World Bank that India would continue to ensure that supply of critical medicine to needy countries does not stop. She participated in the meeting through video conferencing.
The Finance Minister elaborated that support measures of Rs 1.70 lakh crore have been provided as welfare measures. These measures includes free health insurance to frontline health workers, free food and gas, cash transfers and additional security measures for affected workers.
Sitharaman also said during the meeting that statutory and regulatory compliance matters relating to income tax, GST, financial and corporate affairs have also been provided by the government to help companies cope with the sudden loss of economic opportunity.