India announces $10bn stimulus for pandemic-hit economy
The move to increase capital spending and stoke consumer demand comes as India's economy is projected to contract by almost 10% in 2020
12 October 2020 - 18:03
New Delhi — India on Monday announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy.
The government will allow its employees to spend tax-exempt travel allowances on goods and services, finance minister Nirmala Sitharaman said. ..
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