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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

On the way to a V-shaped recovery

On the way to a V-shaped recovery On the way to a V-shaped recovery Bangalore Mirror Bureau / Updated: Jul 1, 2021, 06:00 IST Modi Dynamic”) Aatmanirbhar Bharat packages last year, as it launched a war against Covid, with the total stimulus package of the government and RBI adding up to a massive Rs 30 lakh crore. It is nearly 15% of India’s GDP. On June 28, 2021, the government announced a fresh stimulus package let us call it Aatmanirbhar Bharat 4.0, of Rs 6.29 lakh crore. June 28, 2021, will be a golden lettered day, also because India surpassed the USA to achieve an important milestone of vaccinating over 32.36 crore people, with the first dose.

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