Govt issues SOP for availability of essential goods during lockdown Hit by lockdown, migrant labourers walk for days to reach UP, Raj homes; 200 crammed in containers Coronavirus pandemic | Let life get back to normal, then we can talk about IPL, says Rohit Sharma … [Read more...] about Coronavirus Pandemic | Senior citizens, widows, divyangs to get Rs 1,000 through DBT: FM Nirmala Sitharaman
Nirmala sitharaman
Coronavirus pandemic | FM Sitharaman announces Rs 1.70 lk cr relief under PM Gareeb Kalyan Anna Yojana for food
She announced the Prime Minister Gareeb Kalyan Scheme of Rs 1.70 lakh crore, for which the measures, include Rs 50 lakh insurance cover for all frontline medical 'warriors', Sitharaman said. The Scheme will be in two silos - one food related and one for cash transfer - largely under direct benefit transfer (DBT), she added. … [Read more...] about Coronavirus pandemic | FM Sitharaman announces Rs 1.70 lk cr relief under PM Gareeb Kalyan Anna Yojana for food
COVID-19 | FM’s Rs 1.7 lakh crore package is a safeguard, the stimulus is on the way
That is perhaps the reason why the government has chosen to adopt a graded action plan, instead of a big bang one-off push to keep the lights on. The package that Sitharaman announced should be seen in this context. It is more of a ‘safeguard package’, dictated by the need to safeguard incomes of those who have seen the lockdown shave off a large proportion of their daily earnings. … [Read more...] about COVID-19 | FM’s Rs 1.7 lakh crore package is a safeguard, the stimulus is on the way
Coronavirus Wrap March 26 | Here’s all you need to know about day’s developments
>> Finance Minister Nirmala Sitharaman announced a slew of measures, including a Rs 1.70 lakh crore economic package involving free foodgrain and cooking gas to the country's poor for the next three months, one-time doles to women and poor senior citizens, higher wages to workers and measures to boost liquidity of employees as it looked to contain the impact of the unprecedented nationwide lockdown. … [Read more...] about Coronavirus Wrap March 26 | Here’s all you need to know about day’s developments
Rs 1.7 lakh crore COVID-19 package: Relief for poor, but little for locked-down economy
Fourth, the presser is, again, silent on what the government plans to do with the banking sector. The state-run banks are under the pressure of the mega merger. Last year, the FM announced the government’s plan to merge 10 PSBs into four. This process is still on. The banking sector is likely to see a significant rise in the NPA levels as cashflows of companies are severely hit on account of the double-whammy of a slowing economy and COVID-19 lockdown impact. Logically, the pressure to fill up the capital void of these banks will fall on the government which is the majority owner in these companies. It isn’t clear what the government plans to do to address the problem. … [Read more...] about Rs 1.7 lakh crore COVID-19 package: Relief for poor, but little for locked-down economy
