Thread by @BiIndia

#DiwaliStimulus: Highlights from Finance Minister @nsitharaman's press conference

businessinsider.in/policy/economy…

By @iyer_sriram

The Indian government unveiled a fresh set of measures to battle the economic crisis worsened by the #COVID19 crisis.

#economy #NirmalaSitaraman

To back her argument, @nsitharaman cited the Moody's report, which said the contraction in gross domestic product (GDP), for financial year ending 2021, could be 8.1% as opposed to its previous estimate 9.6%.

#economy #NirmalaSitaraman

"It is not just pent up demand, it is sustainable, strong growth. It is getting unrelenting systemic reforms undertaken by the government," @nsitharaman said.

#economy #NirmalaSitaraman

Finance Minister @nsitharaman also cheered the recovery in the Indian #economy, citing green shoots in everything from railway freight movement to demand for power to recent rally in stock markets.

#stimulus #NirmalaSitaraman #FinanceMinister

#AtmaNirbharBharat: Indian government’s report card on the implementation of the #COVID19 stimulus so far

#stimulus #NirmalaSitaraman #FinanceMinister

businessinsider.in/policy/economy…

By @pabsgill

The government to add ₹18,000 crore to the outlay for affordable housing programme in urban areas. "This will help 1.2 million homes to be grounded and 1.8 million more to be completed," she said.

#stimulus #NirmalaSitharaman #FinanceMinister

This will create 7.8 million new jobs by bringing in demand for 2.5 million tonnes of steel and 13.1 million tonnes of cement, she added.

#stimulus #NirmalaSitharaman #FinanceMinister

#NirmalaSitharaman highlighted the developments made on One Nation - One Ration Card, PM SVANidhi, Kisan Credit Cards among other schemes that were initiated to ease the impact of the #CoronavirusPandemic on the economy.

#stimulus #economy #FinanceMinister

#AtmaNirbharBharat Rozgar Yojana: #FinanceMinister announces benefits for EPFO-registered firms hiring new employees — centre to bear PF for new employees

#stimulus #NirmalaSitharaman

businessinsider.in/finance/news/w…

By @navdeepyadav321

India offers #incometax relief for home buyers and developers to boost new property sales

#stimulus #NirmalaSitharaman #FinanceMinister

businessinsider.in/personal-finan…

By @pabsgill

Here's the break up of India's $35 billion #DiwaliStimulus⁠— from income tax relief for home buyers to incentives for formal jobs

#stimulus #NirmalaSitharaman #FinanceMinister

businessinsider.in/policy/economy…

By @iyer_sriram