Tag Archives: Nirmala Sitharaman

Government credit guarantee support for 26 stressed sectors

NEW DELHI: Finance Minister Niramala Sitharaman announced on Thursday an Emergency Credit Line 2.0 Guarantee (ECGLS) scheme for 26 stressed sectors, including energy, construction, real estate, iron and steel manufacturing. Identified by the KV Kamath committee, the entities of these 26 sectors, as well as the health sector, have outstanding …

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Third government stimulus could backfire on banks

Once again, the government has relied on financial intermediaries in India to give a third boost to the economy that is already on the way to recovery. The Atmanirbhar Bharat 3.0 package announced on Thursday had 12 measures focused on generating employment, boosting manufacturing activity, helping rural recovery and improving …

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