New Delhi (Sputnik): As COVID-19 has slowed down the Indian economy, the government’s revenue collections have not been matching the pandemic-induced expenditures. The government needs funds to roll out a $12 billion economic stimulus package without inflating the fiscal deficit beyond a certain level. The Indian government is planning to sell a part of its stake in some select state-owned banks to raise $3.3 billion amid […]
Finance Ministry
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New Delhi (Sputnik): Indian Prime Minister Narendra Modi announced a $266 billion stimulus package on 12 May to help the economy and businesses get over the crisis posed by the COVID-19 pandemic. India’s banking regulator too has infused about $80 billion into financial markets in its efforts to deal with the fallout from the pandemic. With global financial agencies revising growth projections of the Indian economy […]