Another round of economic stimulus not off the table: FM

TIL Desk/Business/New Delhi/ Just a week after announcing measures to boost consumer demand and provide liquidity to states, Finance Minister Nirmala Sitharaman on Monday said that the government has not closed the option of coming out with another round of stimulus with a view to support the economy amid the pandemic.

Speaking at the virtual launch of the autobiography of 15th Finance Commission Chairman N.K. Singh, titled “Portraits of Power: Half a Century of Being at Ringside”, Sitharaman said that all the announcements made so far have come after a lot consideration of inputs from different sections of the society followed by working out on them within the Finance Ministry also also with the Prime Minister`s Office. “I have not closed the option for another stimulus package,” she said.

On October 12, the Finance Minister announced a number of measures to induce government employees to spend in the upcoming festive season, including a `LTC Cash Voucher Scheme` and a `Special Festival Advance Scheme`.