Discover and read the best of Twitter Threads about #EconomicPackage

Most recents (7)

FM begins 5th and last tranche of economic package announcement by quoting PM Modi's recent remarks on self-reliant India on "land, labour, liquidity & laws."

#atmanirbhar
7 measures today in 5th tranche

1. MNREGA
2. Health - rural & urban
3. Businesses
4. Decriminalization of Companies Act.
5. Ease of Doing biz
6. PSU
7. Resources for state govt's

#atmanirbhar
#EconomicPackage
●MNREGA allocation for FY21 increased by an additional Rs 40,000 Cr from earlier budget estimate of 60KCr
Read 5 tweets
5th Day, last of the tranches of announcements about #AatmaNirbharBharatPackage , FM starts by quoting PM: "As a nation, we stand at a crucial juncture. Such a disaster is a signal for India. It has brought a message and an opportunity"
"In order to prove the resolve of a self-reliant India, land, labour, liquidity and laws, all have been emphasises in this package"

Particularly the last 2 days have had reforms. Today, we continue in that series:FM
Soon after lockdown, we came out with gareeb kalyan and free grains, pulses; credit to FCI, NAFED and state govt.s for managing the logistical challenge. State govts., NGOs anc Charity orgs. also helped keep migrants within camps.
Read 25 tweets
FM @nsitharaman begins her press conference on the final tranche of the #EconomicPackage. #Covid_19india #COVID2019india #COVID19.
I would like to start by quoting some words of the PM's words today. My announcement today is pegged to that aspect of the speech. "As a nation today we stand at a very crucial juncture. Such a big disaster has brought a message and an opportunity.": FM
In last four days of announcements, we have had several reforms addressing the land, labour, liquidity and laws. We will be continuing that series: FM
Read 41 tweets
By now it is almost clear that Rs20 lakh crore figure announced in the Modi speech was just a 'magic number'. Anyone with basic sense can understand the jugglery. Look closer, the number vanishes into thin air. #EconomicPackage
So far to counter Covid, @RBI has done a reasonable job within its constraints. It has announced significant liquidity infusion. The fiscal response , on the other hand, has been weak.Govt has not found any way to infuse fresh money to give immediate stimulus
#EconomicPackage
In the three pressers, the only significant announcements what resembles an immediate assistance is bank loans backed by bank guarantees. Rs3 trln for MSMEs/ Rs75000 Cr for NBFCs/MFIs. But there are two issues here.
Read 12 tweets
#Thread
CEEW unpacks #FM Nirmala Sitaraman's announcements on the booster measures to cope with & recover from #Covid19 induced shocks & to build a #SelfReliantIndia. We focus on Power sector, MSMEs, & NBFCs.
indianexpress.com/article/busine…
#AatmanirbharBharat 1/n
"Over 1/2 of the INR 5.8L CR stimulus announced today focused on our #MSME sector. 40% of India’s 450 mn informal workers are employed with MSMEs. The recovery of this sector is central to our economic resurgence & the workers' well-being," @GhoshArunabha #AatmanirbharBharat 2/n
"The #MSME sector is also the backbone of India’s #energy transition, and a key source of industrial emissions," @GhoshArunabha.
#AatmanirbharBharat #EconomicPackage #SelfReliantIndia
@someshjha7 @Firstday75 3/n
Read 10 tweets
A collateral-free automatic loan is being given to MSMEs, with a facility of ₹ 3 lakh crores

This will enable 45 lakh MSME units to resume business activity and also safeguard jobs

- FM #NirmalaSitharaman

#AatmaNirbharBharatAbhiyan #EconomicPackage #AatmanirbharBharat
The second measure is for stressed MSMEs, who will be provided 20,000 crore via subordinate debt, will benefit about 2 lakh MSMEs

- FM #NirmalaSitharaman #AatmaNirbharBharatAbhiyan #EconomicPackage
3️⃣ For MSMEs needing handholding, A ₹50,000 crore #FundofFunds through mother fund - daughter fund framework is being created, to expand their capacity and to get listed on markets which they choose

- FM #NirmalaSitharaman #AatmaNirbharBharatAbhiyan
Read 20 tweets
#CoronavirusOutbreak | WHO Director-General Tedros Adhanom Ghebreyesus said that a nationwide shurdown, which is being implemented by India to curb #COVID19, will not be enough to fight the outbreak. | Follow LIVE updates here: bit.ly/2UhuEs7
#CoronavirusOutbreak | A three-year-old Indian girl was among the 73 new #COVID19 cases that have been reported in #Singapore in a day, taking the tally to over 600. | Follow LIVE updates here: bit.ly/2UhuEs7
#CoronavirusOutbreak | Three persons, all with travel history abroad, tested positive for the novel in #Goa, health department officials said, as the tourist haven joined the states which have reported #COVID19 cases. | Follow LIVE updates here: bit.ly/2UhuEs7
Read 32 tweets

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