Small businesses, farmers, women, poor, migrant workers to benefit from latest measures for political messaging.
After multiple rounds of discussions within the government, Finance Minister Nirmala Sitharaman is likely to announce this week a second round of stimulus package, for the most affected sections of society.
The beneficiaries of the second set of announcements are expected to be micro, small, and medium enterprises, farmers, women, poor, migrant workers, and other marginalised sections of the society.
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However, the industries seeking support from the government, and the ones that are worst hit by the lockdown such as aviation, hospitality, automobiles, real estate, and logistics will have to wait. Any support for sectors and big industry will only happen later, once the economic activity normalises to some extent, officials said.
“There are political compulsions for the government. There should not be any negative messaging. The government cannot be overtly seen to be siding with large industry. It should be seen with the people. Hence, the focus for now is the people and the small businesses,” said an official who has been part of deliberations within the government.
Source: Business Standard
