Click to play videoNew Delhi: The Indian government is planning on a second stimulus package to boost the slowing economy.
The wait for the much-expected second stimulus package is likely to end soon. Sources tell CNN-IBN that the government is likely to make the announcement on Saturday.
The second stimulus from the package is expected to move in the direction to ease liquidity and relief for export and housing sectors, measures to maintain growth in employment generating sectors like textiles, steel and pharmaceuticals, stricter anti-dumping laws to protect the domestic industry against cheap imports and the government is also looking at the real estate industry's demand for lower interest rates on loans in the Rs 30-40 lakh category
Commerce Minister Kamal Nath last week said that the RBI is also examining monetary measures, including more rate cuts, to boost the economy.
Meanwhile, those looking for cheaper home or car loans will be a disappointed lot. As network 18 highlighted on Wednesday, bankers are refusing to cut rates further even if the Reserve Bank of India cuts repo and reverse repo rates further.
However, with sectors like exports and pharma expected to get a breather, the new year might not be so gloomy after all.
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