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Covid-19 situation to dictate future fiscal policy actions to revive economy: FM

Nirmala Sitharaman city New Delhi covid-19 pandemic economy Government
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Nirmala Sitharaman says making a 'realistic assessment' of economic growth would be difficult at this point of time as there is no clarity on when the pandemic would retreat New Delhi: A day after the RBI projected economic contraction in 2020-21, Finance Minister Nirmala Sitharaman on Saturday said future fiscal policy actions to stimulate the economy will depend on how COVID-19 pandemic pans out.

The government has already announced a ₹20.97 lakh crore economic package, which includes Reserve Bank's ₹8.01 lakh crore worth of liquidity measures till May 17.

Sitharaman said making a "realistic assessment" of economic growth would be difficult at this point of time as there is no clarity on when the pandemic would retreat. "I'm not closing

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COVID-19
United States
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Recovered: 0
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Deaths: 237 619
Recovered: 0
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