GOI announces Rs 20 lakh crore package to revive the economy during the pande...KishanVerma31
The Indian government announced a Rs 20 lakh crore (US$266 billion) stimulus package to revive the economy during the COVID-19 pandemic. The package includes previously announced relief measures and focuses on tax breaks for small businesses and incentives for domestic manufacturing. At 10% of India's GDP, it is one of the largest economic relief packages in the world. The measures aim to make India more self-reliant by boosting local production, reforming land, labor and financial laws, and developing infrastructure and technology.
The document summarizes the economic stimulus package announced by the Indian government in response to the COVID-19 pandemic. It discusses the five tranches of the Rs. 20 lakh crore package, which includes liquidity measures for MSMEs, support for farmers, infrastructure funding, and reforms aimed at improving ease of business. However, it notes that the package could have done more to boost healthcare spending and stimulate demand, given India's pre-existing economic challenges.
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
Decoding The 20 Lakh Crore Stimulus PackageMUKUNDSHARMA37
The document summarizes Prime Minister Modi's Rs. 20 lakh crore stimulus package announced to rescue India's economy during the COVID-19 pandemic. It was announced in 5 tranches focusing on different aspects of the economy, including MSMEs, farmers, food enterprises, infrastructure, and job creation. While the overall package is valued at over 10% of India's GDP, the actual fiscal spending is estimated to be less than Rs. 2.5 lakh crore or around 1% of GDP, as many proposals focus on easing liquidity and credit instead of direct cash outlay. The package aims to help affected sectors plan recovery and balance expenditure with revenue to avoid worsening the fiscal deficit.
- Prime Minister Modi announced an economic stimulus package of Rs 20 lakh crore (equivalent to 10% of India's GDP) to help the Indian economy recover from the impacts of the COVID-19 pandemic and lockdown.
- The package includes previously announced welfare measures and RBI initiatives, plus more support for MSMEs, incentives for domestic manufacturing, tax benefits, and plans to boost local brands and global supply chain integration.
- The large stimulus aims to overcome an expected economic contraction and ensure small positive growth, but concerns remain around implementation challenges, lack of consultation, unaddressed job losses, and inadequate support for healthcare and migrant workers.
The document summarizes the 20 lakh crore stimulus package announced by Prime Minister Modi on May 12th. It discusses key points of the package:
- The package totals 20 lakh crore rupees (equivalent to 10% of India's GDP) including previous relief measures.
- The first tranche focused on MSMEs, providing 3 lakh crore in collateral-free loans and 50,000 crore equity infusion.
- Subsequent tranches provided support for migrant workers, street vendors, agriculture, coal/defence/space sectors and MGNREGA jobs.
- However, the actual fiscal cost will be lower as many measures ease liquidity instead of being direct
GOI announces Rs 20 lakh crore package to revive the economy during the pande...KishanVerma31
The Indian government announced a Rs 20 lakh crore (US$266 billion) stimulus package to revive the economy during the COVID-19 pandemic. The package includes previously announced relief measures and focuses on tax breaks for small businesses and incentives for domestic manufacturing. At 10% of India's GDP, it is one of the largest economic relief packages in the world. The measures aim to make India more self-reliant by boosting local production, reforming land, labor and financial laws, and developing infrastructure and technology.
The document summarizes the economic stimulus package announced by the Indian government in response to the COVID-19 pandemic. It discusses the five tranches of the Rs. 20 lakh crore package, which includes liquidity measures for MSMEs, support for farmers, infrastructure funding, and reforms aimed at improving ease of business. However, it notes that the package could have done more to boost healthcare spending and stimulate demand, given India's pre-existing economic challenges.
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
Decoding The 20 Lakh Crore Stimulus PackageMUKUNDSHARMA37
The document summarizes Prime Minister Modi's Rs. 20 lakh crore stimulus package announced to rescue India's economy during the COVID-19 pandemic. It was announced in 5 tranches focusing on different aspects of the economy, including MSMEs, farmers, food enterprises, infrastructure, and job creation. While the overall package is valued at over 10% of India's GDP, the actual fiscal spending is estimated to be less than Rs. 2.5 lakh crore or around 1% of GDP, as many proposals focus on easing liquidity and credit instead of direct cash outlay. The package aims to help affected sectors plan recovery and balance expenditure with revenue to avoid worsening the fiscal deficit.
- Prime Minister Modi announced an economic stimulus package of Rs 20 lakh crore (equivalent to 10% of India's GDP) to help the Indian economy recover from the impacts of the COVID-19 pandemic and lockdown.
- The package includes previously announced welfare measures and RBI initiatives, plus more support for MSMEs, incentives for domestic manufacturing, tax benefits, and plans to boost local brands and global supply chain integration.
- The large stimulus aims to overcome an expected economic contraction and ensure small positive growth, but concerns remain around implementation challenges, lack of consultation, unaddressed job losses, and inadequate support for healthcare and migrant workers.
The document summarizes the 20 lakh crore stimulus package announced by Prime Minister Modi on May 12th. It discusses key points of the package:
- The package totals 20 lakh crore rupees (equivalent to 10% of India's GDP) including previous relief measures.
- The first tranche focused on MSMEs, providing 3 lakh crore in collateral-free loans and 50,000 crore equity infusion.
- Subsequent tranches provided support for migrant workers, street vendors, agriculture, coal/defence/space sectors and MGNREGA jobs.
- However, the actual fiscal cost will be lower as many measures ease liquidity instead of being direct
DECODING THE 20 LAKH CRORE STIMULUS PACKAGERamitHasija1
The document summarizes the key aspects of the 20 lakh crore stimulus package announced by the Indian government in 5 tranches. The first tranche focused on MSMEs and included Rs 3 lakh crore in collateral-free loans. The second tranche catered to migrant workers and street vendors with programs like 'one nation one ration card'. The third tranche strengthened the agriculture sector with funds for infrastructure, fisheries and food enterprises. The fourth and fifth tranches included reforms in coal, defense production and support for MGNREGA, PSUs and MSMEs. The conclusion emphasizes the importance of self-reliance, local manufacturing and boosting supply over demand.
The document summarizes the details of India's Rs 20 lakh crore COVID-19 stimulus package announced by Prime Minister Modi. It includes previously announced steps and tax cuts for small businesses and incentives for domestic growth. The package amounts to around 10% of India's GDP, among the highest relief packages in the world. It aims to support various sectors of the economy hurt by the pandemic and lockdown. The summary provides a breakdown of spending across multiple tranches focused on MSMEs, farmers, housing, street vendors, and structural reforms with the goal of restarting the economy. However, some note the package fails to adequately address concerns of migrant workers, job losses, healthcare system strengthening, and lack of stakeholder consultation.
- The Union Budget focused on reviving growth through increased spending on infrastructure, healthcare, and agriculture without raising taxes. It allocated massive funds for these sectors, including Rs. 2.23 lakh crore for health over 6 years.
- It proposed an Agriculture Infrastructure and Development Cess on certain items to boost farm infrastructure. It also aims to link 1,000 more APMCs to e-NAM and reiterated the commitment to MSP.
- The Budget gave a big push to infrastructure spending with an allocation of Rs. 1.18 lakh crore for highways and plans for a 'National Rail Plan'. It also allocated separate infrastructure packages for poll-bound states like West Bengal.
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.
Decoding of the 20 lakh crore covid package pptVikasGugloth
The document provides details on the 5 tranches of economic stimulus measures announced by the Indian government as part of its COVID-19 relief package worth 20 lakh crore rupees. Tranche 1 focused on alleviating distress in MSMEs and providing liquidity. Tranche 2 addressed needs of migrant workers. Tranche 3's measures targeted the agriculture sector. Tranche 4's reforms targeted sectors like coal mining and airports. Tranche 5 focused on continuing reforms announced in previous tranches.
The document provides an analysis of the Interim Union Budget 2019-20 presented by the Indian government. It discusses key highlights and proposals related to direct and indirect taxes. Some key points include increasing the standard tax deduction for salary income from Rs. 40,000 to Rs. 50,000. The tax exemption on notional rent is extended to a second self-occupied house. The TDS threshold for interest income from bank deposits is increased from Rs. 10,000 to Rs. 40,000. Overall, the budget aims to provide tax relief to individual taxpayers and increase spending on agriculture, infrastructure, healthcare and other social sectors.
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.
The document summarizes India's 20 lakh crore economic stimulus package announced by Prime Minister Modi on May 12, 2020. It provides details on the objectives of making India self-reliant and boosting the economy through five pillars. The breakdown shows most of the stimulus came from RBI measures like liquidity injections rather than new government spending, which accounts for only around 1.5 lakh crore of the total. While the funds have been used efficiently so far, the conclusion argues that additional government expenditure could have been higher given the scale of the pandemic's economic impact in India.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
The document gives highlights from key sectors – agriculture and rural development, banking, financial services and insurance, defence and aviation, e-commerce and retail, energy, FMCG, food & beverages, infrastructure and housing, manufacturing, railways, social welfare, steel and mining, and technology IT & telecom.
The presentation talks about the stimulus package announced by the Government of India to revive the economy amid the Coronavirus Pandemic 2020. The stimulus package totaled Rs. 20 Lakh Crore and was divided into 5 broad tranches.
The interim budget for 2019 had some positives for farmers and the salaried class but also increased concerns about fiscal stability. Key points announced include a Rs. 75,000 crore package for small farmers, full tax rebate for income up to Rs. 500,000, and higher tax deductions. However, the budget revised the fiscal deficit target to 3.4% of GDP and announced new spending measures, which could put pressure on government finances going forward and impact inflation. The markets reacted cautiously to the budget announcements.
The document summarizes India's 20 lakh crore economic stimulus package announced by Prime Minister Modi on May 12, 2020 in response to the economic impacts of the COVID-19 pandemic. The key points are:
- The 20 lakh crore (INR 20 trillion or 10% of GDP) package aims to boost the economy, promote local manufacturing, and make India self-reliant.
- It includes monetary measures by the RBI worth 8 lakh crores and earlier fiscal measures totaling 1.92 lakh crores.
- The remaining amount is spread across 5 tranches providing support to MSMEs, migrants, agriculture, reforms, and state governments.
- However,
This document provides an overview of the key topics covered in the Indian union budget presented on February 1, 2018. It discusses the history of budgets in India, provides a snapshot of the budget and income tax slabs, outlines the top 5 announcements and their impacts, and other important announcements such as increased infrastructure spending and health coverage expansion. It also lists items that will increase in price due to import duty hikes and those that may decrease due to duty cuts.
The document provides an overview of the key focuses and allocations of the Union Budgets of India for 2017-18 and 2018-19. Some of the main focuses of the 2018-19 budget included uplifting rural economy, strengthening agriculture, healthcare, and education. Key allocations for 2018-19 included Rs. 14.34 lakh crore for rural development, Rs. 5,750 crore for rural livelihood mission, and establishing a national health protection scheme. The document also summarizes sectors like agriculture, health, education, taxation, and defense for both years.
This document provides an overview of the Union Budget of India, including its history and key components. It discusses the objectives and types of budgets, as well as the history of the Indian budget since its first presentation in 1860. It outlines the budget process, including the roles of the Finance Minister, Finance Bill, and Appropriation Bill. It also summarizes some of the highlights and goals of recent Union Budgets, such as reducing the fiscal deficit.
The Union Budget for 2010-11 proposed several tax changes aimed at raising revenue, increased allocation for rural development, infrastructure, education, and defense. Key aspects included a net revenue gain of Rs. 20,500 crore from tax proposals, a 10% central excise duty on non-petroleum products, and a 46% increase in plan allocations for infrastructure development. The budget also focused on job creation, food security, and increasing allocation for agriculture, health, and social programs.
The document discusses the Atmanirbhar Bharat Abhiyaan, or Self-Reliant India Movement, launched by the Indian government. It aims to make India more self-reliant by focusing on local manufacturers and reducing imports. This will strengthen the economy and trade balance by lowering the trade deficit. The government announced a stimulus package of 20 lakh crore rupees and reforms to boost key sectors like agriculture, MSMEs, power and defense. However, there are challenges around ensuring demand, and financing the large fiscal deficit caused by the package.
This document summarizes the key announcements in the 2017-18 Union Budget for India's agricultural sector. It allocates 10 lakh crore rupees in credit to farmers, increases coverage under the Pradhan Mantri Fasal Bima Yojana crop insurance scheme to 40% of the cropped area, and doubles the long-term irrigation fund in NABARD to 40,000 crore rupees. The budget aims to double farm incomes over the next five years by boosting agricultural credit, irrigation infrastructure, and financial support to farmers suffering from crop losses.
The Union Budget 2018-19 had some excellent measures to ease the lives of the common people with emphasis on the farm sector, education, healthcare and social protection. A pick up in agricultural growth together with adequate price realisation by farmers is required for rural livelihoods to stabilise. Small and medium enterprises received a boost through tax measures as well as access to credit. The introduction of fixed term employment has been a long pending demand from industry. In a difficult year, the Finance Minister has done well to contain the fiscal deficit at 3.5 per cent of GDP, a deviation of 0.3 per cent from the Budget estimate. The plan to move towards fiscal consolidation in the coming year would maintain macro stability and enhance investor confidence.
The document discusses the Atmanirbhar Bharat Abhiyan or Self-Reliant India Mission launched by the Indian government. It includes an economic stimulus package of Rs. 20 lakh crore to achieve self-reliance. The package aims to boost infrastructure, systems, democracy and demand in India. It will be implemented through 5 tranches focusing on businesses, farmers, agriculture, structural reforms, and government initiatives. The total package is equivalent to 10% of India's GDP and aims to convert the COVID-19 crisis into an opportunity.
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.
DECODING THE 20 LAKH CRORE STIMULUS PACKAGERamitHasija1
The document summarizes the key aspects of the 20 lakh crore stimulus package announced by the Indian government in 5 tranches. The first tranche focused on MSMEs and included Rs 3 lakh crore in collateral-free loans. The second tranche catered to migrant workers and street vendors with programs like 'one nation one ration card'. The third tranche strengthened the agriculture sector with funds for infrastructure, fisheries and food enterprises. The fourth and fifth tranches included reforms in coal, defense production and support for MGNREGA, PSUs and MSMEs. The conclusion emphasizes the importance of self-reliance, local manufacturing and boosting supply over demand.
The document summarizes the details of India's Rs 20 lakh crore COVID-19 stimulus package announced by Prime Minister Modi. It includes previously announced steps and tax cuts for small businesses and incentives for domestic growth. The package amounts to around 10% of India's GDP, among the highest relief packages in the world. It aims to support various sectors of the economy hurt by the pandemic and lockdown. The summary provides a breakdown of spending across multiple tranches focused on MSMEs, farmers, housing, street vendors, and structural reforms with the goal of restarting the economy. However, some note the package fails to adequately address concerns of migrant workers, job losses, healthcare system strengthening, and lack of stakeholder consultation.
- The Union Budget focused on reviving growth through increased spending on infrastructure, healthcare, and agriculture without raising taxes. It allocated massive funds for these sectors, including Rs. 2.23 lakh crore for health over 6 years.
- It proposed an Agriculture Infrastructure and Development Cess on certain items to boost farm infrastructure. It also aims to link 1,000 more APMCs to e-NAM and reiterated the commitment to MSP.
- The Budget gave a big push to infrastructure spending with an allocation of Rs. 1.18 lakh crore for highways and plans for a 'National Rail Plan'. It also allocated separate infrastructure packages for poll-bound states like West Bengal.
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.
Decoding of the 20 lakh crore covid package pptVikasGugloth
The document provides details on the 5 tranches of economic stimulus measures announced by the Indian government as part of its COVID-19 relief package worth 20 lakh crore rupees. Tranche 1 focused on alleviating distress in MSMEs and providing liquidity. Tranche 2 addressed needs of migrant workers. Tranche 3's measures targeted the agriculture sector. Tranche 4's reforms targeted sectors like coal mining and airports. Tranche 5 focused on continuing reforms announced in previous tranches.
The document provides an analysis of the Interim Union Budget 2019-20 presented by the Indian government. It discusses key highlights and proposals related to direct and indirect taxes. Some key points include increasing the standard tax deduction for salary income from Rs. 40,000 to Rs. 50,000. The tax exemption on notional rent is extended to a second self-occupied house. The TDS threshold for interest income from bank deposits is increased from Rs. 10,000 to Rs. 40,000. Overall, the budget aims to provide tax relief to individual taxpayers and increase spending on agriculture, infrastructure, healthcare and other social sectors.
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.
The document summarizes India's 20 lakh crore economic stimulus package announced by Prime Minister Modi on May 12, 2020. It provides details on the objectives of making India self-reliant and boosting the economy through five pillars. The breakdown shows most of the stimulus came from RBI measures like liquidity injections rather than new government spending, which accounts for only around 1.5 lakh crore of the total. While the funds have been used efficiently so far, the conclusion argues that additional government expenditure could have been higher given the scale of the pandemic's economic impact in India.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
The document gives highlights from key sectors – agriculture and rural development, banking, financial services and insurance, defence and aviation, e-commerce and retail, energy, FMCG, food & beverages, infrastructure and housing, manufacturing, railways, social welfare, steel and mining, and technology IT & telecom.
The presentation talks about the stimulus package announced by the Government of India to revive the economy amid the Coronavirus Pandemic 2020. The stimulus package totaled Rs. 20 Lakh Crore and was divided into 5 broad tranches.
The interim budget for 2019 had some positives for farmers and the salaried class but also increased concerns about fiscal stability. Key points announced include a Rs. 75,000 crore package for small farmers, full tax rebate for income up to Rs. 500,000, and higher tax deductions. However, the budget revised the fiscal deficit target to 3.4% of GDP and announced new spending measures, which could put pressure on government finances going forward and impact inflation. The markets reacted cautiously to the budget announcements.
The document summarizes India's 20 lakh crore economic stimulus package announced by Prime Minister Modi on May 12, 2020 in response to the economic impacts of the COVID-19 pandemic. The key points are:
- The 20 lakh crore (INR 20 trillion or 10% of GDP) package aims to boost the economy, promote local manufacturing, and make India self-reliant.
- It includes monetary measures by the RBI worth 8 lakh crores and earlier fiscal measures totaling 1.92 lakh crores.
- The remaining amount is spread across 5 tranches providing support to MSMEs, migrants, agriculture, reforms, and state governments.
- However,
This document provides an overview of the key topics covered in the Indian union budget presented on February 1, 2018. It discusses the history of budgets in India, provides a snapshot of the budget and income tax slabs, outlines the top 5 announcements and their impacts, and other important announcements such as increased infrastructure spending and health coverage expansion. It also lists items that will increase in price due to import duty hikes and those that may decrease due to duty cuts.
The document provides an overview of the key focuses and allocations of the Union Budgets of India for 2017-18 and 2018-19. Some of the main focuses of the 2018-19 budget included uplifting rural economy, strengthening agriculture, healthcare, and education. Key allocations for 2018-19 included Rs. 14.34 lakh crore for rural development, Rs. 5,750 crore for rural livelihood mission, and establishing a national health protection scheme. The document also summarizes sectors like agriculture, health, education, taxation, and defense for both years.
This document provides an overview of the Union Budget of India, including its history and key components. It discusses the objectives and types of budgets, as well as the history of the Indian budget since its first presentation in 1860. It outlines the budget process, including the roles of the Finance Minister, Finance Bill, and Appropriation Bill. It also summarizes some of the highlights and goals of recent Union Budgets, such as reducing the fiscal deficit.
The Union Budget for 2010-11 proposed several tax changes aimed at raising revenue, increased allocation for rural development, infrastructure, education, and defense. Key aspects included a net revenue gain of Rs. 20,500 crore from tax proposals, a 10% central excise duty on non-petroleum products, and a 46% increase in plan allocations for infrastructure development. The budget also focused on job creation, food security, and increasing allocation for agriculture, health, and social programs.
The document discusses the Atmanirbhar Bharat Abhiyaan, or Self-Reliant India Movement, launched by the Indian government. It aims to make India more self-reliant by focusing on local manufacturers and reducing imports. This will strengthen the economy and trade balance by lowering the trade deficit. The government announced a stimulus package of 20 lakh crore rupees and reforms to boost key sectors like agriculture, MSMEs, power and defense. However, there are challenges around ensuring demand, and financing the large fiscal deficit caused by the package.
This document summarizes the key announcements in the 2017-18 Union Budget for India's agricultural sector. It allocates 10 lakh crore rupees in credit to farmers, increases coverage under the Pradhan Mantri Fasal Bima Yojana crop insurance scheme to 40% of the cropped area, and doubles the long-term irrigation fund in NABARD to 40,000 crore rupees. The budget aims to double farm incomes over the next five years by boosting agricultural credit, irrigation infrastructure, and financial support to farmers suffering from crop losses.
The Union Budget 2018-19 had some excellent measures to ease the lives of the common people with emphasis on the farm sector, education, healthcare and social protection. A pick up in agricultural growth together with adequate price realisation by farmers is required for rural livelihoods to stabilise. Small and medium enterprises received a boost through tax measures as well as access to credit. The introduction of fixed term employment has been a long pending demand from industry. In a difficult year, the Finance Minister has done well to contain the fiscal deficit at 3.5 per cent of GDP, a deviation of 0.3 per cent from the Budget estimate. The plan to move towards fiscal consolidation in the coming year would maintain macro stability and enhance investor confidence.
The document discusses the Atmanirbhar Bharat Abhiyan or Self-Reliant India Mission launched by the Indian government. It includes an economic stimulus package of Rs. 20 lakh crore to achieve self-reliance. The package aims to boost infrastructure, systems, democracy and demand in India. It will be implemented through 5 tranches focusing on businesses, farmers, agriculture, structural reforms, and government initiatives. The total package is equivalent to 10% of India's GDP and aims to convert the COVID-19 crisis into an opportunity.
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.
The Government of India announced a ₹20 trillion economic stimulus package in May 2020 to address the economic impacts of the COVID-19 pandemic. The package, which amounts to 10% of India's GDP, includes spending measures, loans and loan guarantees. It was announced in 5 tranches by Finance Minister Nirmala Sitharaman focused on different economic sectors such as agriculture, public health, and MSMEs. However, the large amount of debt taken on by businesses during the pandemic could increase non-performing assets for banks if demand is not restored after COVID-19. The government needs to closely monitor implementation and take steps to reduce NPAs to prevent problems in the financial system like rising loan rates and inflation.
The document provides an overview of the 20 lakh crore stimulus package announced by the Indian government as part of its Atmanirbhar Bharat Abhiyaan or Self-Reliant India Mission. It discusses that the package includes previous announcements and RBI measures, so the actual new spending will be lower. It also summarizes the key highlights of the five tranches of stimulus measures focused on MSMEs, farmers, food processing, defense, space, minerals, and more. However, it notes that the reliance on credit measures versus direct fiscal spending may not sufficiently boost aggregate demand due to issues in transmission and lack of backward/forward linkages in the economy.
To overcome the financial crisis across the world, In lieu of covid-19, The Indian Goverment came up with a stimulus package to help the citizens. In this PPT, I have decoded the package into smaller aspects with my personal views included as well.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
The budget aims to balance stimulating growth while maintaining fiscal sustainability. It focuses on boosting investment in agriculture, infrastructure, and employment while reducing the fiscal deficit. Key areas include doubling farmers' incomes, increasing education and healthcare spending, expanding credit to MSMEs, and increasing infrastructure investment. The budget also cuts corporate taxes for MSMEs and introduces long-term capital gains tax. Markets reacted negatively to the higher than expected fiscal deficit and inflation risks from higher MSPs, but the impact is seen as incremental.
Economic impact of covid 19 (coronavirus)SaiSantosh77
The document discusses the economic impact of the COVID-19 pandemic in India. It notes that the pandemic may be India's greatest emergency since independence. It is expected to cause a negative GDP growth in FY21 and major economic losses from the lockdown. The government has announced relief measures like food rations for 800 million people and a $5.7 billion package for electronics manufacturing. Estimates suggest GDP growth may slow to 1.5-2.8% with large economic losses occurring each day of the lockdown.
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.
Revitalizing Healthcare Sector in India. It is generally believed that developing a robust healthcare system is a cornerstone for rapid economic and societal development as it helps harness the latent potential of our populace. A healthy population is a pre-requisite for improv- ing human productivity reducing poverty, enhancing living standards and thereby achieving growth with inclusion. In this connection, it is noteworthy that the Union Budget 2018- 19 has introduced the National Health Protection Scheme (NHPS) to provide bene ts to 500 million people with an an- nual limit of Rs 5 lakhs for hospitalisation.
The budget of FY22 cannot be considered as budget of pandemic period. The common people were expecting a lot from this budget but unfortunately there was no good news for them.
The document provides an overview and breakdown of the key aspects of India's ₹20 lakh crore economic stimulus package called the Atmanirbhar Bharat Abhiyaan. It summarizes the total funding amounts allocated under different categories like MSME support, direct tax measures, employee PF measures, and other relief. The package aims to make India's economy self-reliant by focusing on five pillars - economy, infrastructure, technology, demography and demand. It also outlines various reforms and relief measures announced between May 13-17 for different sectors severely impacted by the pandemic.
The document summarizes key aspects of the India Budget 2016, including:
1) It focuses on 9 pillars to transform India including agriculture, rural employment, social sectors, infrastructure, financial reforms, and ease of doing business.
2) Key allocations include Rs. 36,000 crores for agriculture and farmer welfare, Rs. 38,500 crores for MGNREGS, and Rs. 2,21,246 crores for infrastructure development.
3) Reforms aim to boost startups, manufacturing, and increase FDI in various sectors such as insurance and pension funds.
The document summarizes India's 20 lakh crore (USD 280 billion or 10% of GDP) economic stimulus package announced in response to the Covid-19 pandemic. It was divided into 5 tranches that provided credit support and financial relief to businesses, farmers, migrant workers, and other sectors. The largest allocations were for emergency credit to small businesses (3 lakh crore), additional credit to farmers through KCC (2 lakh crore), an agri infrastructure fund (1 lakh crore), and additional MGNREGS funding (40,000 crore). The goal of the stimulus was to promote self-reliance and reduce financial strain caused by the pandemic.
The document summarizes key developments from the previous week reported on Taxmann.com, including:
1) PM Modi announced a Rs. 20 lakh crore special economic package to make India self-reliant in response to COVID-19. Key aspects include support for MSMEs, definition changes, global tender reforms, and job creation.
2) Finance Minister Sitharaman provided details on the package, such as collateral-free loans for MSMEs, debt support for stressed MSMEs, tax changes, and support for real estate, power utilities and more.
3) Taxation measures include reduced TDS/TCS rates, extended return filing deadlines, and extensions for the
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The document summarizes key announcements from the Finance Minister regarding economic relief packages in India. It discusses measures to support MSMEs, including collateral-free loans worth Rs. 3 lakh crores and equity support. Definitions of MSMEs were also revised. Support was also announced for farmers, migrant workers, street vendors, NBFCs, and Discoms. The 'One Nation, One Ration Card' scheme was highlighted to allow national portability of ration cards.
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1. DECODING OFGOVERNMENT OFINDIA 20
LAKH CRORE COVID PACKAGE
BY NIKITA TILOOMALANI
MBA (BANKING & FINANCE)
AMITY UNIVERSITY, MUMBAI
2. To cushion the economic impact of the virus, Honourable Prime Minister Narendra Modi Ji
announced an economic package worth Rs 20-lakh crore for the poor migrants' population and
small businesses to help them navigate through the tough times on account of economic
disruptions due to Covid-19.
The package includes tax relief for small, micro, and medium enterprises and incentives to
boost domestic manufacturing as well as attracting investments. The combined package works
out to roughly 10 percent of the GDP, making it among the most substantial in the world after
the financial packages announced by the United States, which is 13 percent of its GDP, and by
Japan, which is over 21 percent of its GDP.
The Rs 20 lakh crore package includes Rs 1.7 lakh crore package of free food grains to poor
and cash to poor women and elderly, announced in March, as well as the Reserve Bank's
liquidity measures and interest rate cuts. While the March stimulus was 0.8 percent of GDP,
RBI's cut in interest rates and liquidity boosting measures a total 3.2 percent of the GDP (about
Rs 6.5 lakh crore).
3. Most economic activity in the country had come to a standstill after the government imposed a
21-day nationwide lockdown beginning March 25 to check the spread of Covid-19. The
lockdown has since been extended twice through May 17, with some relaxations to allow the
resumption of economic activity. The package focuses on land, labor, liquidity, and laws. It will
cater to various sections, including the cottage industry, MSMEs, laborers, middle class, and
industries.
Proposals such as giving full tax exemption to companies making a new investment of a
minimum threshold in sectors such as medical devices, electronics, telecom equipment, and
capital goods were said to be under consideration of the government. Investments in
infrastructure also form part of the package. Easy access to land as well as labor reforms may
also form part of the package to lure companies leaving China.
The Government of India introduced an economic stimulus package of Rs 20 lakh crore on
May 12, 2020. It works out to roughly 10% of the GDP of the country, targeting to rectify the
Indian economy from the COVID-19 crisis. It is expected that the stimulus will help in
reforming the paradigm of the Indian manufacturing industry to integrate into the global value
chain.
4. Below is the complete break-up of the package launched to make India ‘self-reliant’ amid
and post COVID times :-
The five part stimulus package announced beginning May 13 comprised Rs 5.94 lakh
crore in the first tranche that provided credit line to small businesses and support to
shadow banks and electricity distribution companies.
5. The second tranche included free food grain to stranded migrant workers for two
months and credit to farmers, totaling Rs. 3.10 lakh crore.
6. Spending on Agriculture Infrastructure and other measures for agriculture and allied
sectors in the third tranche totaled to Rs 1.5 crore.
7. The fourth and fifth tranches that dealt mostly with structural reforms totalled to Rs
48,100 crore.
8. Here is the summary of all the announcements so far, totaling over Rs 20 lakh crore.
9. CONCLUSION
The government’s Rs 20 lakh crore economic support package, intended to help the
economy tide over the Covid-19 crisis, will involve a very small amount of direct
government spending. It is estimated that the actual fiscal impact on the budget could
reach the bottom based on the calculations and assumptions made during the series of
announcements. The package may fall short of mitigating the near-term challenges for
some businesses, but it is better designed to improve India’s medium-term growth
potential.
The relief package is a bold attempt to help the world's one of the largest economies as it strives
towards its first full-year contraction in four decades. While the package contains a suite of
offerings targeted at different sections of the economy including the MSMEs, any subsequent
announcements should include labor reforms and contain a clear focus on addressing the
immediate need for cash for the MSME sector to meet its short-term working capital
requirements, preserve the entrepreneurial spirit and boost capital formation and consumption.