How much of the 20 L Cr have we counted so far?
Today I counted 56,500 cr of actual expend (or loss of existing revenue):
50,000 cr: TDS rate cut
2,500 cr: EPF govt contribution
4,000 cr: Govt contribution to Subordinate Debt
Please correct any error.
1/n
Thanks for pointing out that TDS rate cut is only deferment of payment. Making correction:
2,500 cr: EPF govt contribution
4,000 cr: Govt contribution to Subordinate Debt
Total: 6,500 cr
Remaining: 19,93,500 cr
2/n
This table by @IndianExpress gives the fairest and most charitable interpretation of what the govt really gave out yesterday.
So, notional package so far: 5.94 L cr
Actual package (Maximum Fiscal cost) so far: 25,500 cr
3/n