A third relief package may be announced before Diwali! Focus will be on increasing jobs

The Central Government can announce the 3rd Stimulus Package before 14 November. This time the government can issue relief packages for those industries which have suffered the worst death of Coronavirus Crisis. Under this package, the government can announce financial assistance according to the sector.

new Delhi. The Central Government can announce the 3rd Stimulus Package before Diwali. However, this time the government can invest in companies linked to them instead of directly investing in urban employment schemes. It is believed that the government can issue relief packages for those industries, which have suffered the worst of the coronavirus Crisis epidemic. Under this package, the government can promote the infrastructure sector along with urban projects. At the same time, production-linked-incentives (PLIs) will be expanded for most sectors. Apart from this, direct help can be provided for the hospitality and tourism industry.

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Investment opportunities in government companies will also increase employment

The central government is making every effort to salvage the country’s economy from the Corona crisis. In this episode, the government is currently working on the third incentive package. Earlier, the government announced an incentive package after the lockdown started in late March 2020. However, the government has now deferred investment in the proposal of Urban Employment Scheme. In this case, policy makers said that investment in companies of central and state governments related to urban projects will also increase employment opportunities. Therefore, there is no need to invest money in a separate scheme.

Government has selected 20 to 25 projects for the package

The government’s focus will be on projects ranging from Tier-1 to Tier-4. By increasing investment in these projects, new job opportunities can be created. The government has selected 20-25 projects from the National Infrastructure Pipeline for the incentive package this time. In this, the capital expenditure can be increased rapidly. The official aware of the matter said that the airports being constructed in Navi Mumbai and Greater Noida are also involved in this.

FM Sitharaman made several announcements to increase demand

Finance Minister Nirmala Sitharaman made several important announcements to increase demand earlier this month. This will be the third relief package from the government after the corona virus infection starts. In March 2020, the government announced spending 1.70 lakh crores for the Pradhan Mantri Garib Kalyan Yojana (PMGKP) to help the poor in times of crisis. After this, in May 2020, a self-sufficient India package of 20.97 lakh crore rupees was announced. Recently, Finance Minister Sitharaman has also asked big government companies to increase capital expenditure and spend 75 per cent by December 2020.

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