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<p style="text-align:justify">The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists added during a webinar on Wednesday.</p>
<p style="text-align:justify">Funding such a package would require suspension of fiscal deficit targets, which could impact the country’s credit rating. “It does not help if you have a wonderful credit rating if your economy is going down the drain,” warned JNU professor and economist Jayati Ghosh. “If fear of credit rating agencies are what drives the government’s policies, they are doomed to failure,” she added.</p>
<p style="text-align:justify">Presenting an analysis of the government’s ₹20 lakh crore Atmanirbhar package on Wednesday, the Heterodox Economists Collective observed that the fiscal component amounted to only ₹3 lakh crore, which includes already announced budgetary measures. The measures announced for MSMEs would only benefit larger players within that segment, they said, adding that provisions for higher liquidity may not increase actual credit offtake. Minimum support prices for farmers had not kept pace with inflation, while real wages were being suppressed.</p>
<p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/need-new-stimulus-of-10-lakh-crore-economists-collective/article31742214.ece?fbclid=IwAR2-DP70ZHiha50-h1AXXaTDk0Uf64jCHoa6_A7zJ2gwdFfbZwkQU0uppak">click here</a> to read more.</p>
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LATEST NEWS UPDATES | Need new stimulus of Rs.10 lakh crore: Economists Collective </title>
<meta name="description" content="-The Hindu
Economists urge cash transfers to 80% of households to revive economy.
The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy..."/>
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Economists urge cash transfers to 80% of households to revive economy.
The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy..." />
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<br><small>June 3, 2020</small>
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The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox...</p>
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The petitioner demanded that at least two members from the Opposition parties should be included in the trust.
The Nagpur bench of Bombay High Court on Tuesday issued notices to all trustees of PM-CARES Fund and the Union government asking them to submit details of...</p>
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1st June was observed as a Day of National Mourning to highlight the colossal loss of life and livelihood that continues because of the brutal lockdown and utter apathy of the central government and many...</p>
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<br><small>June 3, 2020</small>
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For me, the migrant worker crisis has become a much bigger crisis than Coronavirus, says Emmy nominated newscaster
Barkha Dutt’s been living dangerously during the last 74 days. She’s leapt into trucks crammed with scores of migrant labourers hitching a lift back to their villages....</p>
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<br><small>June 3, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
Viral load refers to the quantity of a virus in an organism and is a reflection of how quickly the virus is replicating.
Only seven per cent of coronavirus samples have a “high viral load” — meaning these people would, on average, transmit the...</p>
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LATEST NEWS UPDATES | Need new stimulus of Rs.10 lakh crore: Economists Collective </title>
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<br><small>June 3, 2020</small>
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The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox...</p>
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The petitioner demanded that at least two members from the Opposition parties should be included in the trust.
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1st June was observed as a Day of National Mourning to highlight the colossal loss of life and livelihood that continues because of the brutal lockdown and utter apathy of the central government and many...</p>
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<br><small>June 3, 2020</small>
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For me, the migrant worker crisis has become a much bigger crisis than Coronavirus, says Emmy nominated newscaster
Barkha Dutt’s been living dangerously during the last 74 days. She’s leapt into trucks crammed with scores of migrant labourers hitching a lift back to their villages....</p>
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<br><small>June 3, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
Viral load refers to the quantity of a virus in an organism and is a reflection of how quickly the virus is replicating.
Only seven per cent of coronavirus samples have a “high viral load” — meaning these people would, on average, transmit the...</p>
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LATEST NEWS UPDATES | Need new stimulus of Rs.10 lakh crore: Economists Collective </title>
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<br><small>June 3, 2020</small>
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Economists urge cash transfers to 80% of households to revive economy.
The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox...</p>
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The petitioner demanded that at least two members from the Opposition parties should be included in the trust.
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1st June was observed as a Day of National Mourning to highlight the colossal loss of life and livelihood that continues because of the brutal lockdown and utter apathy of the central government and many...</p>
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<br><small>June 3, 2020</small>
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For me, the migrant worker crisis has become a much bigger crisis than Coronavirus, says Emmy nominated newscaster
Barkha Dutt’s been living dangerously during the last 74 days. She’s leapt into trucks crammed with scores of migrant labourers hitching a lift back to their villages....</p>
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<br><small>June 3, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
Viral load refers to the quantity of a virus in an organism and is a reflection of how quickly the virus is replicating.
Only seven per cent of coronavirus samples have a “high viral load” — meaning these people would, on average, transmit the...</p>
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LATEST NEWS UPDATES | Need new stimulus of Rs.10 lakh crore: Economists Collective
-The Hindu
Economists urge cash transfers to 80% of households to revive economy.
The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox...
-Hindustan Times
The petitioner demanded that at least two members from the Opposition parties should be included in the trust.
The Nagpur bench of Bombay High Court on Tuesday issued notices to all trustees of PM-CARES Fund and the Union government asking them to submit details of...
-Press Release by Right to Food Campaign dated 3rd June, 2020
1st June was observed as a Day of National Mourning to highlight the colossal loss of life and livelihood that continues because of the brutal lockdown and utter apathy of the central government and many...
-The Telegraph
For me, the migrant worker crisis has become a much bigger crisis than Coronavirus, says Emmy nominated newscaster
Barkha Dutt’s been living dangerously during the last 74 days. She’s leapt into trucks crammed with scores of migrant labourers hitching a lift back to their villages....
-The Indian Express
Viral load refers to the quantity of a virus in an organism and is a reflection of how quickly the virus is replicating.
Only seven per cent of coronavirus samples have a “high viral load” — meaning these people would, on average, transmit the...
Civil society organisations mourn loss of life and livelihood due to COVID-19 lockdown on 1st June
