Atmanirbhar Bharat 3.0: FM unveils 12 new stimulus measures ahead of Diwali

FM Nirmala Sitharaman provided updates on status of previous announcements under Atmanirbhar Bharat initiative while annoncing new measures under its third instalment

India is seeing a “strong recovery” taking root in the economy, as seen by increased goods and service tax collections and other metrics, Finance Minister Nirmala Sitharaman said on Thursday.

The recovery is not due to just pent-up demand, Sitharaman told a news conference, ahead of announcing a new set of stimulus measures.

Sitharaman announced a new set of stimulus measures to boost employment under Atmanirbhar Bharat Rozgar Yojna to incentivise the creation of new employment opportunities. The new announcements aim at benefitting companies and individuals, who lost their jobs due to Covid-19 induced lockdown.

Under the scheme, if companies