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Economy

YASP: Yet Another Stimulus Package

Kamal Nath says there’s going to be another stimulus package next week.

The second stimulus package, Nath said, would be aimed at generating employment and ensuring that the credit needs of the companies are met.

In the next package, the Minister said, “We will look at engineering sector, greater re-finance facility for exporters and textile and agriculture sectors.”

What we don’t know is why Nath is introducing a package a week before it’s due. The markets meanwhile are pregnant with anticipation; the day saw a swing of nearly 2.5% down before a sudden move took the Nifty back to flat territory.

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