Unveiling the fourth tranche of the Rs 20 lakh crore stimulus package, Nirmala Sitharaman said there is sub-optimal performance of power distribution and supply in the country.
As with the number of cases, most people seem to be underestimating the economic impact of Covid-19, such as forecasters fiddling with positive growth numbers.
Govt’s 100% sovereign guarantee for uncollateralised MSME loans will encourage borrowers to never pay back, discourage banks from lending to them in future.
Support measures in the Rs 6 lakh crore package are in form of credit guarantees and improving liquidity, will not lead to substantial cash outgo for govt.
The scheme will supplement the RBI and govt measures to augment liquidity by providing guarantee to investment grade securities, the Finance Minister said.
The measures announced Wednesday as part of the Rs-20 lakh crore package will support both healthy and stressed MSMEs, and address liquidity woes of NBFCs.
In a video message, Nadda said the package will not merely fight the impact of Covid-19 on the economy but also empower the country and make it self-reliant.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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