Covid-19 impact: Stimulus 2.0 ready as PM Modi, FM Sitharaman hold meeting

The upcoming package could be roughly similar in size to the Rs 1.7-trillion package

Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and senior policymakers in the Prime Minister’s Office and finance ministry met on Thursday to finalise a second stimulus package for those worst affected by the Covid-19-related nationwide lockdown.
 

An announcement is imminent. The Centre is unlikely to announce one “big-bang” stimulus package and instead will come up with smaller, targeted announcements, Business Standard has learnt.
 

This means that over the coming months, there will be a series of stimulus packages to revive the economy.
 

Additionally, the fiscal situation of the Centre and the states has been discussed at the highest levels