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Topic: Indian Economy
As the Narendra Modi government considers the option of extending the Covid-19 lockdown beyond 14 April, concerns around its impact on the economy are growing.
Former finance secretary Subhash Chandra Garg, suggests a Rs 2 lakh crore support package from the govt for small business.
Ex-RBI governors write on multiple aspects of the economic impact of coronavirus, and recommend some steps for Modi govt & RBI to take.
Countries such as US, UK, Germany and China have announced quick relief for small companies. Perhaps finance minister Nirmala Sitharaman missed a trick or two.
Today’s political, economic & strategic punditry from Raghuram Rajan, Urjit Patel, Kaushik Basu, Ashima Goyal and many others.
Social distancing is our best bet against coronavirus, but will sharpen the impact on the world economy. India is better placed than many developing countries.
Govt’s fiscal package has so far targeted non-workers. Present situation calls for major fiscal support to be extended to affected businesses & workers.
Some of the expenditures announced by the Modi government have already been accounted for in the Union Budget presented in February.
Today’s political, economic & strategic punditry from Devi Shetty, Arun Maira, Jean Dreze, Vivek Katju & many others.
Firms get relief on tax returns, company law compliance, and triggering of insolvency proceedings. Regulators are monitoring the markets and economy, assures the FM.