Exclusive: PM Modi may announce Rs 10 lakh crore stimulus package; jobs, foreign investment in focus

Prime Minister Narendra Modi is going to address the nation today at 8 PM. While public in general is expecting that the lockdown will be easeda little if not completely removed, India Inc is eagerly waiting for some stimulus package that will help bailout the economy, which has suffered a massive hit caused by the Coronavirus pandemic. According to an exclusive report by Zee Business TV, PM Modi is expected to announce a Rs 10 lakh crore stimulus package for the Indian economy, keeping job creation and foreign investment in focus.

See Zee Business exclusive report on stimulus package below:

#ZBizExclusive | राहत के तौर पर कर्ज पर ब्याज माफी, टैक्स छूट और विदेशी निवेश बढ़ाने के लिए बड़े टैक्स बेनिफिट, टैक्स हॉलिडे देने की घोषणा कर सकती है सरकार: अनिल सिंघवी#CoronaVirus #COVID19 #ReliefPackage #PMModi #NarendraModi @AnilSinghvi_ @SwatiKJain pic.twitter.com/oPBgLabHrh

— Zee Business (@ZeeBusiness) May 12, 2020

Speaking on the exclusive report Zee Business Managing Editor Anil Singhvi said, "In his address to the nation, Prime Minister Narendra Modi is expected to announce Rs 10 lakh crore stimulus package that will help in bailing out the Indian economy from the recent losses it had to incur due to the Coronavirus lockdown. The Prime Minister may also announce tax sops for the labour intensive industries that will create new job opportunities." Singhvi said that India Inc has been eagerly awaiting a stimulus package from the Modi Government and their demands may well generate a positive response from the government tonight.

See Zee Business Live TV streaming below:

On which sectors can expect relief from this package, Singhvi said, "PM may announce the volume of the stimulus package and the ways through which it will be given. The ways can be tax sops, relief in interest payment, etc. However, industry specific stimulus package would come to the fore only from the Finance Ministry. So, once the PM announces the stimulus package, all eyes will get glued to the Ministry of Finance as they will be the implementing authority for this stimulus package that PM Modi is going to announce today."