News On Stimulus Package India

This was the third stimulus package since the outbreak of the covid 19 pandemic.

News on stimulus package india. In an interview to toi the professor turned policymaker talks about the stimulus package the options being considered to raise funds and how the jan dhan aadhar mobile trinity had helped in providing immediate relief to the vulnerable sections hit hard by the pandemic. The indian government is likely to cap its overall spending on coronavirus related relief at around 4 5 trillion rupees 60 billion due to concerns that excess spending could trigger a sovereign rating downgrade two senior government officials said. Beefed up stimulus payments the plan calls for sending another 1 400 per person to eligible recipients.

The economist also pitched for direct cash transfer to 60 of the population issuing temporary ration cards and using national aadhaar cards to help the poor. The government had announced a rs 1 70 lakh crore pradhan mantri garib kalyan yojana pmgkp in march to protect the poor and vulnerable sections from the impact of covid 19 crisis. India is planning to announce a fresh round of stimulus totalling about 20 billion this week to help pull the economy out of its historic contraction government officials said on wednesday.

Economists were unimpressed by india s 9 94 billion fiscal stimulus package announced on monday with one of them saying it was underwhelming. Nobel laureate abhijit banerjee on tuesday urged the centre to provide a larger stimulus package to help india tide over the economic fallout of the covid 19 crisis.