After the preparation / lockdown, the government can make a big announcement again, making these preparations

After the lockdown, the government may announce again

The central government has already announced a relief package of Rs 1.7 lakh crore for the damage to the economy due to the corona virus epidemic. Now for the second relief package, there are frequent meetings between finance ministry officials and the PMO.

The central government is making preparations
Lockdown can make a big announcement as soon as it's done
The PMO and the finance ministry are making such preparations
Due to the corona virus epidemic, economic activities in the country have stabilized completely. Only immediate operations and services are in progress. In such a case, the central government is now discussing another package for the economy. Finance Minister Nirmala Sitharaman, secretary of the ministry and the Prime Minister's Office (PMO) are constantly in meetings and discussions. Last week, several round table meetings were held between the finance ministry and the PMO's top officials regarding the second financial package.

The government is worried about paying for the damage from the corona

According to the information provided, "Given the state of the economy, there have been several meetings between the finance ministry and the PMO over the past week. The government is looking for ways to cope with the damage caused by the Corona virus epidemic.

Preparations start after lockdown

Government officials said the central government is taking this step to deal with the situation after the lockdown. Officials said the package was discussed, but it has not yet been determined. He said that necessary steps should be taken to increase consumption.

There are several options on the government's eyes

On Sunday, officials said the government was considering redesigning some welfare schemes and government schemes. So that appropriate action can be taken after lockdown. Currently, the central government is considering a number of options, including scholarship and fellowship through ministries, the harvesting of ravi crops. The government is collecting information about them one by one.

The lockdown is set to expire on April 14

The 21-day lockdown is currently underway across the country, ending on April 14. Information received so far indicates that the government will end the lockdown in a phased manner. However, no official statement has been released.

The manufacturing and service sectors will be in shock

Sources said that officials are monitoring the revenue and expenditure of the current financial year. Manufacturing and service sectors are in shock due to lockdown across the country. The airlines have also been shut down after the rail services were abolished.

Earlier, the RBI and the central government had taken steps

According to an official quoting the report, the government's revenue is likely to be impacted in the first quarter as output activity stops for three consecutive weeks. At the same time, the central government has announced a relief package of Rs 1.7 lakh crore. Apart from this, the Reserve Bank of India has also taken a step towards a liquidity boost of 7.7 lakh crore. In such a case, the central government will also take this into consideration when deciding on another relief package.

Government revenue can take a big toll

The epidemic has also affected the Indian and global capital markets, while creating problems for businesses around the world. With the collapse of the capital market, now for fiscal year 2021, the central government can stand on the disinvestment program. It will also have an impact on income and financial statistics. The government has estimated the fiscal deficit for the fiscal year 2020-21 at 3.5 percent. The local stock market has seen a decline of more than 30% since February.

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