Package for industry

04 JUL,2021 | MEDC


 

The Finance Minister announced an economic package for industry, including the formulation of a new policy for the appraisal and approval of PPP projects, and the monetization of core infrastructure assets, including through InvITs. Rs. 3.03 lakh crore has been allocated for reform-based and result-linked power distribution schemes. These are steps in the right direction, despite their huge financial implication on the exchequer. Industry experts have welcomed the fresh stimulus package, but there will be no durable end to the economic crisis until enough Indians are vaccinated against Covid-19 and its myriad variants to put the health crisis firmly behind us. The government needs to come up with a plan enabling that at the earliest. 

*Photo Credit: Google

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