In a recent development, the Indian government has announced new measures to boost the economy amidst the ongoing pandemic crisis. Finance Minister Nirmala Sitharaman unveiled a stimulus package focusing on key sectors like agriculture, MSMEs, housing, and more. The package includes measures such as collateral-free loans for MSMEs, liquidity support for discoms, and credit support for street vendors. This move is aimed at reviving the economy and providing much-needed relief to businesses and individuals affected by the COVID-19 pandemic. The government is also working on structural reforms to make India self-reliant and resilient in the face of future challenges. The stimulus package is expected to have a significant impact on various sectors of the economy and pave the way for a faster recovery. Experts believe that these measures will help in restoring confidence among businesses and consumers, ultimately leading to economic growth. The government’s proactive approach in addressing the economic challenges caused by the pandemic is being lauded by industry experts and stakeholders. With these new initiatives in place, India is hopeful of navigating through these tough times and emerging stronger on the other side.

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