India needs another stimulus boost for economic recovery: EY
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Consultancy firm EY India has said that the Rs 20.97 lakh crore economic stimulus package announced by the Indian government was not strong and effective enough to overcome the crisis posed after the contraction of India’s public administration, defence and other services by 10.3% in the first quarter of the current financial year. The report also mentioned the salary cut and freezing of dearness allowance by the government.