Finance Minister Nirmala Sitharaman has a tough job ahead of her as she prepares the budget for the next fiscal starting April 2021. Meanwhile, Union Finance Minister Nirmala Sitharaman on December 17 said that any amount of government intervention will not be adequate to deal with the impact of novel coronavirus on the economy. Sitharaman mentioned that the government has taken several measures to support the economy but no amount of intervention will be adequate to deal with the crisis triggered by the COVID-19 pandemic. However, COVID-19 pandemic has derailed the stake sale plans and so far over Rs, 11,006 crore has been mopped up from minority stake sales in various CPSEs. The government''s stimulus spending in response to the COVID-19 crisis has been significantly more restrained than most other large economies.

Source: dna January 01, 2021 11:03 UTC