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Govt considering Rs 50,000 cr stimulus spending in FY18: Sources

Yesterday, FM Jaitley said government was looking for ways to lift economic growth

Ministers’ panel to oversee PSU bank merger: Arun Jaitley

Union Finance Minister Arun Jaitley addressing a press conference after a cabinet meeting in New Delhi on Wednesday. Photo: PTI

Reuters New Delhi

The government is considering a plan to loosen the fiscal deficit target so that it could spend an additional Rs 50,000 crore ($7.7 billion) in the financial year ending in March 2018, two government sources said on Thursday.

Both the officials declined to be named as the plan, aimed at reviving economic growth, is still to be made public.

On Wednesday, Finance Minister Arun Jaitley said the government was looking for ways to lift economic growth, which slipped to a three-year low of 5.7 percent in the quarter to end-June.

 

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 21 2017 | 5:07 PM IST

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