Skip to main content

Posts

Showing posts from May, 2020

Rs 20 Lakh Crore Hope

Rs 20 Lakh Crore Hope PM Narendra Modi announced a Rs 20-lakh-crore stimulus package, equivalent to about 10% of India’s GDP, aimed at making the country self-reliant and reviving the stalled economy. Details of the plan, dubbed the Atmanirbhar Bharat Abhiyaan, will be unveiled by finance minister Mrs. Nirmala Sitharaman today evening at 4pm. The package is seen as a government attempt to check the world's fifth-largest economy hurtling towards its first full-year contraction in four decades. According to estimates, lockdown may have led to 12.2 Crore people losing jobs and consumer demand evaporating. The package will focus on land, labor, liquidity and laws, and will cater to various sectors including the cottage industries, micro, small & medium enterprises (MSMEs), the working class, middle class and industry, among others. He said the package will also focus on empowering the poor, laborers and migrant workers, both in the organized and unorganized sectors. It...