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.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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