PM Narendra Modi, Sitharaman to finalise second stimulus package today

PM Narendra Modi

Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman will most likely meet today to finalise a second stimulus package pertaining to the industry, the poor, and farmers.

PM Narendra Modi

An announcement is most likely to come within the next 24-48 hours. As reported by Business Standard, Friday’s meeting follows a variety of deliberations held among the government and with eminent experts.

As reported by BS, Senior officials in the Prime Minister’s Office had a videoconference with those in the finance ministry, NITI Aayog, members of the Economic Advisory Council (EAC) to the Prime Minister, and independent experts.

Those participants include former Reserve Bank of India (RBI) governor Urjit Patel, EAC Chairman Bibek Debroy, EAC Member Sajjid Chenoy, 15th Finance Commission Chairman N K Singh, and National Institute of Public Finance and Policy Director Rathin Roy.

From the government’s side, Cabinet Secretary Rajiv Gauba, Principal Secretary to PM PK Mishra, Economic Affairs Secretary Atanu Chakraborty, NITI Aayog Vice Chairman Rajiv Kumar, NITI Aayog Chief Executive Officer Amitabh Kant, Ratan Watal (also of the NITI Aayog), and Chief Economic Advisor Krishnamurthy Subramanian are amongst the participants.

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