Govt should have acted like a driver to pull the economy out of the mess

Lincoln Wylie

The government’s stimulus steps have been a blended bag, with quite possibly additional disappointments than assembly anticipations, in particular where by individuals experienced envisioned direct sops to move into the organization accounts, interest waivers, and many others.

Among noteworthy announcements on Sunday – the fifth and ultimate tranche – was to hike the borrowing limit for the states from three for each cent to 5 for each cent, which thankfully will come with effectiveness riders. MNREGA scheme has been allotted an added Rs forty,000 crore to aid migrants who have returned to their house states to safe livelihood. Even though it is valuable to the migrants, most of whom would have been decreased to penury in their endeavours of reverse migration, it will also delay their return resulting in labour scarcity at a variety of industrial hubs and building sites.

The stimulus package deal which was intended to cushion the

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