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LATEST NEWS UPDATES | Rs 1.7 lakh crore Covid-19 package: Many who have been hit still left out, relief too little -P Vaidyanathan Iyer

Rs 1.7 lakh crore Covid-19 package: Many who have been hit still left out, relief too little -P Vaidyanathan Iyer

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published Published on Mar 27, 2020   modified Modified on Mar 27, 2020

-The Indian Express

The central government’s package, as it is, comes a week after Kerala first announced a Rs 20,000-crore support for its people. Many states including Uttar Pradesh, Uttarakhand, Punjab, Telangana and Rajasthan followed suit.

The Rs 1.7 lakh crore economic package announced by Finance Minister Nirmala Sitharaman for the vulnerable sections — farmers, women, construction workers, senior citizens, widows and the disabled — is less than 1 per cent of India’s GDP.

The issue at hand is not just the size of the package relative to the GDP but the urgency of monetary transfer to unorganised sector workers, who have not only lost their jobs and income, but also face a massive health scare.

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The Indian Express, 27 March, 2020, https://indianexpress.com/article/explained/coronavirus-relief-package-nirmala-sitharaman-left-out-6333639/


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