covid-19 stimulus package
Government gives Rs.6.29L crore stimulus to boost COVID-hit economy
For the health sector, the maximum loan amount of Rs 100 crore would be given and the maximum interest rate is capped at 7.95 per cent
Union cabinet clears 20k crore relief package for SMEs and street vendors
Apart from this, the Union Cabinet also approved a hike in the minimum support price (MSP) for kharif crops by 150 per cent
AA Edit: RBI cuts may be ineffectual
The overall focus of the RBI has been on boosting credit growth to drive economic growth
Chandrajit Banerjee: To get India’s economy back on track, key reforms vital
Redefinition of the MSMEs with revision of investment limits with an additional turnover criterion results in two critical benefits
AA Edit: Cash relief is crucial, finance minister didn’t acknowledge that
Instead of supporting the economy when it needed the most, Ms Sitharaman focused on medium and long term reforms
AA Edit: Instead of booster shot, FM hints at future relief
Deflation was something that India has never witnessed and is considered worse than benign inflation for the growth of the economy
Shobhaa De: Thank God Indians still have a sense of humour!
In itself and on paper, the stimulus package looked good -- at least in the way it was “marketed”. But did it make much sense?