To Help Small Firms, India Seen Unveiling Second Coronavirus Stimulus Worth $13 Billion

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A second stimulus package India is poised to announce in coming days will be worth around Rs 1 lakh crore ($13 billion) and focus on help for small and medium businesses weathering the coronavirus outbreak, two senior officials said on Wednesday.

Last month, India outlined a Rs-1.7-lakh-crore($22.6-billion) economic stimulus plan providing direct cash transfers and food security measures to give relief to millions of poor hit by an ongoing 21-day nationwide lockdown. Read More…


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