-TheWire.in Eighty per cent or more of the demand in the economy has vanished thanks to the lockdown he hastily announced, with no warning or preparation. The only way out is to pump money in to revive demand. In a discussion on NDTV about the contents of the third tranche of Prime Minister Narendra Modi’s Stimulus Package for the economy, Yogendra Yadav, one of India’s most respected psephologists, called it ‘entertainment’. Yadav...
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Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John
-BusinessToday.in Finance Minister Nirmala Sitharaman's reform announcements related to coal, aviation, power sectors will suit these players * Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks * Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence * Adani Enterprises Ltd had recently emerged as the highest bidder for six airports * Adani bought the Mumbai...
More »Centre Opts for Long-Term Agricultural Reforms, Leaving Farmers ‘Atmanirbhar’ in Crisis -Kabir Agarwal
-TheWire.in The government has failed to provide compensation and relief to farmers for the losses suffered during the lockdown, primarily because it lacks the fiscal space. New Delhi: On Friday, finance minister Nirmala Sitharaman held her third press conference in as many days to follow up on Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore financial Stimulus Package. After focussing on Micro, Small and Medium Enterprises (MSMEs), and migrant...
More »Enough with the lofty rhetoric. It’s time to let the money do the talk -Himanshu
-Livemint.com Slogans, vision statements and acronyms are unlikely to be of any help to those in distress As the details of the mega fiscal package of ₹20 trillion announced by the prime minister are slowly being revealed by the finance minister (FM), it is increasingly becoming clear that it has less to do with the immediate crisis of lives and livelihood and more to do with the long-term agenda of reforms and...
More »Coronavirus package: Migrant workers to get free foodgrains
-The Hindu Rs.3,500 crore of second tranche of stimulus to be spent on allocation to those without ration cards. A major focus of the second tranche of the economic Stimulus Package announced by Union Finance Minister Nirmala Sitharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. The Centre will spend ₹3,500 crore for this purpose. Quoting numbers from State governments,...
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