KEY HIGHLIGHTS:

  • Union Finance Minister Nirmala Sitharaman introduced proposals to boost the Indian economy
  • The Government of India has decided to issue a special interest-free loan of Rs 12,000 capital expenditure crore to states free of interest
  • If demands are increased due to the announced policy today then it will be benefiting those who have been affected by the pandemic

NEW DELHI: Today in a press briefing, Union Finance Minister Nirmala Sitharaman introduced proposals to boost the Indian economy that has been hit hard. The Government of India has decided to issue a special interest-free loan of Rs 12,000 capital expenditure crore to states.

The eight Northeast states of India will be getting Rs 200 crore each, Uttarakhand and Himachal Pradesh to receive Rs 450 crore while the rest 7,5000 crores will be distributed among the remaining states as per 15th Finance Commission.

If demands are increased due to the announced policy today then it will be benefiting those who have been affected by the pandemic. The announcement of the Finance Minister came hours before the third round of the GST Council meeting over the issue of compensating states for their share of revenue money.

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