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Will the fresh COVID stimulus package boost India s economy?

1/9 Union Finance Minister Nirmala Sitharaman has announced a Rs 6.28 lakh crore stimulus package. The package aims to boost Covid-affected sectors through eight measures proposed by the Ministry of Finance and includes four new economic relief measures. Here are the highlights.. 2/9   The Centre will spend an additional Rs 23,220 crore for short-term health emergency preparedness for the COVID-19 pandemic. The funding aims to increase the number of ICU beds and enhance the availability of equipment and liquid medical oxygen (LMO). Special emphasis will be laid on the preparedness of the healthcare infrastructure in terms of child and pediatric care. 3/9   Once issuance resumes, the first five lakh tourist visas will be issued free of charge, said the Union Finance Minister. The incentive will cost the government around Rs 100 crore. Sitharaman also announced a loan guarantee scheme for the tourism sector, which has been one of the worst-hit by the coronavirus pandemic. The

Why Govt Must Get TSMC, Intel, Or Samsung To Make In India

Why Govt Must Get TSMC, Intel, Or Samsung To ‘Make In India’ by Tushar Gupta - May 12, 2021 05:14 AM Prime Minister Narendra Modi and Minister Ravi Shankar Prasad. Snapshot While it is not possible for the Modi regime to invest on the scale at which China does, it can offer more incentives in the form of infrastructure support across the first five or 10 years for any company willing to invest in India. India is still light years away when it comes to an indigenous manufacturing capacity for semiconductors, but it all starts with getting someone to ‘Make in India’. The coronavirus pandemic has had an unintended consequence. While people struggle for oxygen, medicines, and other medical equipment from the United States to Australia, the tech giants are struggling with a steady supply of semiconductors.

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