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₹1 lakh crore: Report

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NEW DELHI : The Centre may soon announce another fiscal package which should be almost similar to the ₹1.75 lakh crore stimulus announced last month, a report said on Thursday.

The new package should focus on interest rate subventions to medium businesses, sops for the troubled realty sector and also state run banks' recapitalisation, Bank of America Securities said.

Last month, the government had announced a package focusing on the individuals and the weaker sections to help overcome the setbacks of the COVID-19 pandemic, which was termed as not aggressive enough.

Economists at the state-run SBI have said that much of the earlier stimulus package was already announced for in the budget and only ₹70,000 crore is fresh. “We expect the

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India
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