Fifth And Last tranche of economic stimulus announced by government will boost entrepreneurship, help public sector units and revitalise village economy, Prime Minister Narendra Modi said.
He also said the stimulus will have a transformative impact on India’s health and education sectors. “Reform trajectories of the states will also get an impetus,” he said in a tweet.
The government on Sunday announced the suspension of new bankruptcy filings on loan defaults for one year and raised the threshold for insolvency as it moved to ease COVID-19 pain for the industry.