Today: 30 June 2025
1 December 2020
1 min read

Italy rolls out new stimulus plan

According to the announcement, the provision also included various tax delays and tax exemptions for firms, and a single tranche of economic aid, up to 1,000 euros for workers such as those employed in the show business and tourism sectors, among other measures…reports Asian Lite News

Italian Prime Minister Giuseppe Conte’s cabinet announced that it has passed a decree to providenew stimulus and relief measures to businesses and worker categories affected by the latest series of restrictions against the Covid-19 pandemic.

Overall, the provision was worth some 8 billion euros ($9.6 billion), Xinhua news agency quoted the cabinet as saying in its announcement on Monday.

According to the announcement, the provision also included various tax delays and tax exemptions for firms, and a single tranche of economic aid, up to 1,000 euros for workers such as those employed in the show business and tourism sectors, among other measures.

The announcement comes as active coronavirus infections in Italy has decreased by 7,300 on a daily average, as the incumbent restrictions in the country have led to the slowing down of the second wave of the pandemic, according to health officials.

On Monday, the country reported 16,377 new cases, taking the overall infection tally to 1,601,554, the Health Ministry said.

However, active coronavirus infections were 788,471 on Monday, down from 795,771 on Sunday, the latest statistics revealed.

Meanwhile, the country’s death toll rose by 672 to 55,576.

Earlier this month, the government had introduced a three-tiered system that split the country into three zones (red for the highest risk, orange for medium risk, and yellow for low risk) according to the level of virus transmission and the situation of the public health system in each region.

Also read:Hospitalisations Decline In France

Previous Story

Sara Yearns For Performance Oriented Roles

Next Story

NY Guv Urges to Avoid Small Gatherings

Latest from -Top News

India’s Growth Defies West Asia Tensions

The deepening crisis in West Asia, particularly between Israel and Iran, has had little to no visible impact on India’s economic trajectory or its export performance….reports Asian Lite News The limited trade

UAE credit soars to the top

S&P Global, Moody’s Investors Service, and Fitch Ratings — have all assigned strong sovereign credit ratings to the UAE In a strong show of confidence in the United Arab Emirates’ economic resilience

Khamenei rebukes Trump

Khamenei said Iran had triumphed over the US and downplayed the impact of the strikes on the country’s nuclear infrastructure Iran’s Supreme Leader Ayatollah Ali Khamenei has sharply rebuked President Donald Trump’s
Go toTop