Haven’t closed the option for another Covid-19 stimulus package: Sitharaman

Vastavam web: Union Finance Minister Nirmala Sitharaman on Monday said that the government has not closed the option for another stimulus package for the purpose of softening the huge economic impact caused due to the Covid-19 pandemic. “We have not closed the option for another stimulus package,” she said. We will have to come up with the assessment, whether in Parliament or in public,” Nirmala Sitharaman said at the launch of book by NK Singh, Chairperson of 15th Finance Commission.

The Minister also said that better performance of CPSEs can help the Indian economy in a big way to recover from the impact of Covid-19. Sitharaman told the Secretaries concerned to closely monitor the performance of CPSEs in order to ensure the capital expenditure to the tune of 75 per cent of the capital outlay by the end of Q3 of FY 2020-21 and make appropriate plan for it. She noted that that more coordinated efforts are required at the Secretary-level in the ministries and CMDs in CPSEs to achieve capex targets.