FM announces slew of steps to stimulate the economy: Here’s what it means for the economy-May 2024-www.financetom.com

FM announces slew of steps to stimulate the economy: Here’s what it means for the economy

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FM announces slew of steps to stimulate the economy: Here’s what it means for the economy

Oct 12, 2020 10:28 AM

Union Finance Minister Nirmala Sitharaman on Monday announced a slew of measures to stimulate the demand in the economy. The Finance Minister's address was held ahead of the GST Council meeting, which is scheduled from 4-6 pm.

The minister announced leave travel concession (LTC) cash voucher scheme to stimulate consumer spending. The government has also restored the Special Festival Advance Scheme for all the government employees as a one-time measure.

To discuss the impact of these measures, CNBC-TV18’s Latha Venkatesh spoke to Former Chief Statistician Pronab Sen; Madan Sabnavis, Chief Economist at Care Ratings; and Sanjay Dutt, Director of Quantum Securities.

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