Day: May 14, 2020

Finance minister Nirmala Sitharaman’s second installment of the Rs 20 lakh crore Atma Nirbhar Bharat economic relief package on Thursday focused on farmers, migrant labourers and street vendors. Apart from free food grain to migrant workers to credit facility for street vendors to concessional credit for farmers, the finance minister not only revealed new measures but also highlighted the steps taken by the NDA government in the last two months to assist the vulnerable class hit by the economic slump triggered by coronavirus pandemic. Among the major economic relief measures…

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Finance minister Nirmala Sitharaman on Wednesday 13th May, unveiled a Rs.5.9 lakh crore stimulus package which includes Rs.3 lakh crore collateral-free loans to small businesses, Rs.75,000 crore liquidity infusion in non-banking finance companies (NBFCs), Rs.90,000 crore financial support to power discoms and Rs.50,000 crore cash in the hands of taxpayers. The allocation is part of the Rs.20 lakh crore ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India Movement) announced by Prime Minister Narendra Modi on 12th May that combines policy reforms with fiscal and monetary measures. Sitharaman said the focus of the measures…

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