New Delhi, March 13 -- union Finance Minister Nirmala Sitharaman on Friday proposed setting up an Economic Stabilisation Fund amid the ongoing West Asia crisis.
Speaking in the Parliament, the Finance Minister said the aim of the fund is to create fiscal headroom, enabling India to respond more effectively to global economic headwinds.
Responding to the discussion on the second batch of supplementary demands for grants in the Lok Sabha, Sitharaman highlighted that the proposed "Economic Stabilisation Fund will provide fiscal headroom, allowing India to respond to global headwinds such as recent crises, unanticipated supply chain disruptions, unexpected shocks to sub-sectors of the Indian economy, and any other events that may have signifi...