The promised second instalment of a stimulus package to boost the economy that was to be announced by the middle of this week may be delayed “a bit” as the government is reworking and expanding it after receiving a windfall gain in the form of a transfer of dividend and surplus by the Reserve Bank of India (RBI) on Monday, two government officials said on condition of anonymity.

This instalment was supposed to focus on reviving the real estate sector. It could now expand its focus to textiles, infrastructure and tourism, and even consider tax incentives, maybe even a reduction in the Goods and Services Tax (GST) rate on automobiles, a demand voiced by the auto industry.
 

The promised second instalment of a stimulus package to boost the economy that was to be announced by the middle of this week may be delayed “a bit” as the government is reworking and expanding it after receiving a windfall gain in the form of a transfer of dividend and surplus by the Reserve Bank of India (RBI) on Monday, two government officials said on condition of anonymity.

This instalment was supposed to focus on reviving the real estate sector. It could now expand its focus to textiles, infrastructure and tourism, and even consider tax incentives, maybe even a reduction in the Goods and Services Tax (GST) rate on automobiles, a demand voiced by the auto industry.