new delhi finance secretary ajay bhushan pandey on sunday hinted that the government is working on another stimulus package but he refrained from giving a timeframewe keep monitoring the situation on the ground to assess which sector of the economy or segment of the population needs what kind of help at which time and respond accordingly we keep taking suggestions from industry bodies trade associations various ministries and after going through their suggestions and requirements of the economy we come out with timely measures ajay bhushan pandey saidpandey said that he could not give a timeframe for the stimulus package but yes the government was on it and deliberations on further interventions were ontalking about the current state of the economy pandey said that the economy was recovering and moving towards sustained growththe october gst collection has been rs 105155 crore which is 10 per cent higher yearonyear for the corresponding month last year this september the economy had also shown 4 per cent growth at rs 95480 crore in gst collections yoy further the country has seen a growth in electricity consumption exports and imports he saidseptember and october data shows that we have reached precovid19 level and gone into positive territory if we compare with the last year the eway bill in september has seen year on year growth of 10 per cent and in october it has seen a growth of 21 per cent he saidif we are able to maintain this growth for the next five months then we can say that we can transition from deep negative zone to nearzero growth zone by march 2021 international monetary fund imf has projected indias gdp to contract 103 per cent this fiscal year revised from its forecast of a 45 per cent decline in june he addedthe reserve bank of india had last month said that the economy is likely to contract by 95 per cent in the current fiscal gdp contracted 239 per cent in the first quarter of the fiscal as per the estimates of the central statistics office csothe finance secretary said the government has started electronic invoices from october 1 on an average 8 lakh invoices were being generated daily it picked up quickly and on october 30 in a single day 29 lakh electronic invoices were generated if we see the growth of the fmcg auto sectors it shows that we are going in the direction of sustained growth he saidpandey said we are analysing every sector and this is a continuous process since the covid19 outbreak we have been continuously monitoring every sector whatever was required for helping migrants vulnerable sections of the rural or urban populations we did when the nation was in lockdown we gave cash to women jan dhan account holders in their bank accounts through dbt we provided early instalments to farmers under pm kisan yojanawe helped employees and employers in their epf contribution we earmarked rs 3 lakh crore for enhanced working capital to msmes out