NEW DELHI : Finance minister Nirmala Sitharaman is working on a fiscal-stimulus package to help businesses impacted by the Covid-19 pandemic, a government official said, requesting anonymity.
The stimulus package will cover tourism, hospitality, retail, civil aviation and automobiles. The final package will be decided as the Centre gets more clarity about the pandemic’s impact on specific sectors, he added.
Another person, also requesting anonymity, said the size of the package will also depend on the Centre’s ability to raise additional revenue.
A key consideration for the finance ministry is to prevent a wave of bankruptcies. Many vendors and service providers who fall in the category of operational creditors have been pressing their