Thread by @_ritusingh

#PMModi announces a Rs 20 lakh crore #AatmanirbharBharat package to combat COVID19 focused on land, labour, liquidity and laws. Among other things, it factors in the liquidity support already announced by @RBI. (1/n)

Here's how much liquidity support @RBI has provided:
*Feb - March 27: Rs 2.8 lk cr
*March 27 announcement: Rs 3.74 lk cr (via MSF, CRR & TLTRO)
*April 17 announcement: Rs 25,000 cr via TLTRO 2.0 + Rs 50,000 cr refinance scheme
*April 27 announcement: Rs 50,000 cr SLF-MF

(2/n)

In summary, @RBI has already announced liquidity support of Rs 7.79 lakh crores at least. Yes, some of this has not actually come into the system, example TLTRO 2.0 not fully subscribed, SLF-MF window hardly used. That aside, the total still comes to Rs 7.79 lakh crores (3/n)

This has already been factored into the Rs 20 lakh crore package, presumably. That leaves Rs 12.21 lk crores. Now subtract another Rs 1.7 lk cr of Financial package announced by the FM @nsitharamanoffc earlier. This leaves us with Rs 10.51 lakh crores. (3/n)

This remaining Rs 10.51 lk cr is the figure to look out for, more or less.
#AatmanirbharBharat #PMModi

@RBI @DasShaktikanta @FinMinIndia @nsitharamanoffc

(4/4)