Relief Package News

Beneficiaries of cash transfers during the lockdown were much more likely to pay debts or save the funds than to spend them, a study from the US finds

The policy decisions are significant because farmers, street vendors and small traders are among the worst hit due to the lockdown that has been in place for more than two months

There are many plus points in the package, but there is disappointment about reforms

See these relief measures as a stop-gap arrangement to be used in dire circumstances

Though TDS is charged on salary income, the relief in the form of lower TDS has not been extended to salaried individuals

The extra money spent by the government becomes income of households. These households spend the income to unleash a second wave of stimulus and so on. This multiplicative effect is called the ‘fiscal multiplier’ and is captured by a mathematical formula.

When one adds the earlier stimulus of ₹10 lakh, then the matrix may look like this.This would taken into consideration the fiscal stimulus package number 1, the RBI package and the various tax sops announced in the Union Budget.

Amit Shah said the way India has fought the novel coronavirus pandemic under the leadership of Modi, the country has given a new direction to the whole worldAmit Shah said if India is determined with the power of 130 crore people, then every determination is possible

For its poor, and most vulnerable, India last month rolled out a ₹1.7 trillion relief package amid the lockdownExperts, however, believe that the help offered by the union government is too little and comes too late

A relief package is in the works, but any lasting solution will need hard decisions on cut-throat pricing in the industryInvestors are unlikely to commit more capital unless there is clarity on the relief package and the government’s stance on pricing, say analysts