Decoding the 20 lakh crore stimulus packageabhishekc1234
Covid-19 pandemic has been deadly all over the globe and has made its mark on India too. In order to fight it head on, our Prime Minister made a huge announcement of Aatmanirbhar package Abhiyan (ABA) on 12 may 2020 of ₹20 Lakh Crore. This research study has been written by me where I decode the package in detail; discuss its usefulness and its impact on the nation.
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Decoding the 20 lakh crore stimulus packageabhishekc1234
Covid-19 pandemic has been deadly all over the globe and has made its mark on India too. In order to fight it head on, our Prime Minister made a huge announcement of Aatmanirbhar package Abhiyan (ABA) on 12 may 2020 of ₹20 Lakh Crore. This research study has been written by me where I decode the package in detail; discuss its usefulness and its impact on the nation.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
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Decode Government of India 20 Lakh crore COVID PackageAaron Andrade
The announcements made by the Finance Minister Nirmala Sitharaman on Sunday concluded the relief measures undertaken in five tranches by the government as part of the economic package announced by PM Modi for ‘Atmanirbhar Bharat’. The minister, towards the end of her speech, also provided a tranche-wise complete break-up of the stimulus
Remarks by Dr. Akinwumi Adesina, Honourable Minister of Agriculture and Rural Development, at the Youth in Commercial Agri business Development Programme and the flag off of the 2012 Agricultural Season in Ekiti State. April 30, 2012.
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Here is a short overview of 20 lakh crore economic relief package introduced by the government of India under Aatmanirbhar Bharat to revive the economy from the effects of COVID-19.
First india lucknow edition-02 february 2021FIRST INDIA
Read all Latest News from Uttar Pradesh and from every corner of India.Start your morning with First India E-Paper Lucknow News edition.Read English News on politics, Bollywood, business, sports, economy,Lifestyle and our upto date Uttar Pradesh News section.Visit First India.
CLICK:- https://firstindia.co.in/newspaper
Decode Government of India 20 Lakh crore COVID PackageAaron Andrade
The announcements made by the Finance Minister Nirmala Sitharaman on Sunday concluded the relief measures undertaken in five tranches by the government as part of the economic package announced by PM Modi for ‘Atmanirbhar Bharat’. The minister, towards the end of her speech, also provided a tranche-wise complete break-up of the stimulus
Remarks by Dr. Akinwumi Adesina, Honourable Minister of Agriculture and Rural Development, at the Youth in Commercial Agri business Development Programme and the flag off of the 2012 Agricultural Season in Ekiti State. April 30, 2012.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Here is a short overview of 20 lakh crore economic relief package introduced by the government of India under Aatmanirbhar Bharat to revive the economy from the effects of COVID-19.
Decoding of government of india 20 lakhs crore packageRajivRoy28
The follwing article decodes Government of India Announcement regarding COVID 19 Economic Package its vision/purpose, its intended usage, its implication in Indian circuit.
ANALYSIS AND BREAKDOWN OF THE COVID 19 RELIEF PACKAGE NidhiZade
THE TWENTY LAKH CRORE IS
ONE AMONG THE LARGEST COVID-19 RELIEF PACKAGE IN THE WORLD. WE DISCUSS THE BREAKDOWN INTO VARIOUS TRANCHES AND ALSO DISCUSS THE VARIOUS IMPACTS, CRITICISMS AND OPINIONS ON THE SAME
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Version: June 2020
Authored by: Mr. T.V. Mohandas Pai and Nisha Holla
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Generational opportunities for the Indian Government to invest and rebuild national economic security in the post-pandemic world.
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2. INTRODUCTION
• Prime Minister Narendra Modi said, "The Covid-19 pandemic has brought an
opportunity for India to be self-reliant for which we have announced a Rs 20
lac crore package which is 10% of India's GDP"
• PM Modi said, 21st century belongs to India and it is the time for us to become
self-reliant for which we have to focus on 5 pillars.
Economy - Moving away from incremental changes with quantum jumps in the
economy
Infrastructure - Building infrastructure which recognizes Modern India
System - Technologically Driven Systems & Processes
Demography - Building strength and capabilities on world’s youngest
demography
Demand - Well functioning demand and supply chains to full capacity
3. INTRODUCTION
• The world is going through a crisis because of the sheer suddenness and the unexpected pandemic that has happened
namely COVID-19.
• Every country’s government had their own approach towards saving their citizens from this deadly virus and stop it from
spreading extensively.
• The Indian Govt. had its own approach from preventing everyone from the spreading of this virus by introducing
Lockdown through which all of us are bound to quarantine ourselves at our homes.
• The announcements made by the Finance Minister Nirmala Sitharaman on Sunday concluded the relief measures
undertaken in five tranches by the government as part of the economic package announced by PM Modi for ‘Atmanirbhar
Bharat’. The minister, towards the end of her speech, also provided a tranche-wise complete break-up of the stimulus.
Importantly, the overall package which stood at Rs 20,97,053 crore, included the Rs 1.92 lakh crore
4. FIRST TRANCHE
• These measures were dedicated to the
MSMEs for liquidity injection. It
included Rs 3 lakh crore collateral-free
loans and Rs 50,000 crore equity
infusion through Fund of Funds.
• Liquidity relief measures worth Rs
30,000 crore were handed to NBFCs,
HFCs, etc. and Rs 90,000 crore for
power distribution companies.
• Regulatory authorities were asked to
extend the completion date of real
estate projects under RERA so as to de-
stress developers.
5. SECOND TRANCHE
• This catered to migrant workers and street
vendors. The idea of one- nation-one-ration-
card to allow people to buy ration from any
depot in India was announced.
• A special credit facility of Rs 5,000 crore to
support 50 lakh street vendors has been
declared. About Rs 2 lakh crore will be given to
farmers through cards, while 2.5 crore farmers
would get credit at a concessional rate.
• The government has allowed states to fund the
food and shelter facilities for migrant workers,
which would cost Rs 11,000 crore to the Centre.
6. THIRD TRANCHE
• This tranche is focused on agriculture. Key
announcements included Rs 1 lakh crore
agriculture infrastructure fund for farm-
gate infrastructure, and Rs 30,000 crore to
formalize micro food enterprises.
• This will help local value-added products
reach global markets. Rs 4,000 crore for
herbal cultivation, a Rs 15,000 crore Animal
Husbandry Infrastructure Development
Fund, and Rs 500 crore for bee-keeping
related infrastructure development was
also initiated.
7. FOURTH & FIFTH TRANCHES
• Easing utilization of the Indian air space to reduce air travel
cost, commercial mining in the coal sector, and privatizing
distribution companies in metros came up. There was an
announcement about private participation in the space sector.
• On the final day, Rs 40,000 crore was earmarked for
MGNREGA for job creation in India's hinterland. A new Public
Sector Enterprises Policy that would consolidate PSU firms in
strategic sectors was announced.
• For improved ease of doing business among MSMEs, the
initiation period of fresh insolvency proceedings against
MSMEs was extended.
8. MY VIEWS
Although the package is seeming to be beneficial for the betterment from healing the crisis we cannot deny
the fact that the govt. of India under Modi govt. has taken some HARSH steps also regarding the economy
of the country is concerned.
For instance we cannot forget the fact that DEMONETISATION failed miserably and the country’s economy
is concerned.
One can identify a number of sectors which didn’t find mention in the various measures. However, the
sector which really missed out was the “healthcare sector”. Though there has been an allocation of Rs
15,000 crore for health, India’s public healthcare spending is 3.6% of India’s GDP in 2016 as against
notably higher number for developed countries and 5%-9% for key developing countries. A long-term
solution to increase the public sector spending will have to be on the cards in the next budget for both
Centre and states.
The unprecedented COVID-19 challenge was novel as a health crisis led to supply chain disruptions and
added to India’s lingering demand side concerns. Overall, the economic package has some bits for a wide
range of economic agents. The supply-side concerns do get a large share of measures (subject to
implementation) while the demand side issues to a great extent miss the bus.