-The Hindu Finance Minister Nirmala Sitharaman on Thursday announced a Rs. 1.70 lakh crore package which is likely to benefit 80 crore people. In her second media conference in a week, Ms. Sitharaman announced a slew of welfare decisions as the nation is under lockdown due to COVID-19 pandemic. Here are the highlights from her speech: * The Finance Minister announced ₹1.70 lakh crore package Pradhan Mantri Gareeb Kalyan Yojana, targetting 80 crore people. *...
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Sitharaman unveils Rs 1.7 lakh crore lockdown package for poor: Top announcements today
-The Indian Express Ahead of Sitharaman's press conference, the Sensex jumped 1500 points or over 5 per cent to cross the 30,000 mark. The rupee also rose 64 paisa against the dollar to settle at 75.24. To help the economy come out of the coronavirus shock, Finance Minister Nirmala Sitharaman on Thursday announced a Rs 1.7 lakh crore package under Garib Kalyan Yojana that would largely benefit unorganised sector workers, especially daily...
More »COVID-19 Lockdown: Unbearable Half Measures of Modi Government -Subodh Varma
-Newsclick.in An insufficient economic package for welfare of the poor has been announced almost two months after WHO declared it a public emergency. Prime Minister Modi suddenly announced a 21-day lockdown on March 24 across India as a rather belated and overwrought response to the looming coronavirus disease (COVID-19) that has now spread around the world in 175 countries, striking at over 4.75 lakh persons (confirmed) and killing over 21,000. Two days later,...
More »FM’s announcement of Rs 1.7 lakh crore in the wake of COVID-19, is less than half of the Rs. 3.75 lakh crores required to fulfill the minimal “emergency measures”, convey concerned citizens & grassroots activists
-Press releases by NREGA Sangharsh Morcha dated 26th March, 2020 Civil society activists and concerned citizens have responded to the emergency measures that were announced by the Finance Minister on 26th March, 2020 for the poor, the vulnerable and the migrant & informal workers. An open letter by NREGA Sangharsh Morcha -- an umbrella organisation of CSOs and social activists working for the unorganised sector and MGNREGA workers -- has been issued...
More »No economic task force for COVID-19 yet -Priscilla Jebaraj
-The Hindu Will be set up by PMO or Cabinet Secretariat, says Finance Ministry. Four days after Prime Minister Narendra Modi announced that a task force would be set up to deal with the economic impact of coronavirus (COVID-19), it has yet to be constituted. Although Mr. Modi said the task force was to be headed by Finance Minister Nirmala Sitharaman, the Ministry says it is not responsible for constituting the body. In...
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