Union Finance Minister Nirmala Sitharaman on Monday announced a slew of measures to stimulate the demand in the economy. The Finance Minister's address was held ahead of the GST Council meeting, which is scheduled from 4-6 pm.
The minister announced leave travel concession (LTC) cash voucher scheme to stimulate consumer spending. The government has also restored the Special Festival Advance Scheme for all the government employees as a one-time measure.
To discuss the impact of these measures, CNBC-TV18’s Latha Venkatesh spoke to Former Chief Statistician Pronab Sen; Madan Sabnavis, Chief Economist at Care Ratings; and Sanjay Dutt, Director of Quantum Securities.