-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...
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As mandis get shut, here are five ways the government can help farmers cope -Rajalakshmi Nirmal
-The Hindu Business Line Encouraging farmers to hedge through futures and increased use of WDRA warehouses are among key options With the nationwide lockdown to control the spread of Covid-19, mandis where farmers sell their harvest have also been closed. Across the country, the harvest of several crops including wheat, mustard, chana and coriander has started and farmers are sitting on truckloads of grains and pulses. In the kharif season, many farmers lost...
More »Nirmala Sitharaman announces Rs. 1.70 lakh crore package for poor
-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. *...
More »Coronavirus: Why 21-day lockdown period? -Ramya Kannan
-The Hindu There is scientific basis and epidemiological significance for the 21-day lockdown period announced by PM Modi. Is there any public health/epidemiological significance to the 21-day lockdown period announced by Prime Minister Narendra Modi? It seems that rich scientific data has fed this decision to announce a 21-day lockdown period. In fact, 21-day quarantines have been discussed elaborately in the context of Ebola and the calculations are based on the estimated incubation...
More »No, Coronavirus crisis is no turning point for globalisation -Sanjaya Baru
-The Indian Express In the short term, there will be flight to safety of people worried about a pandemic, as there is of capital during a financial crisis. When normalcy returns, the globalised Indian will fly away once again. As people return home from distant lands, global value chains get disrupted and cross-border movement comes to a grinding halt, new theories are being propounded about the end of globalisation and the return...
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