After the announcement of a Rs 20-trillion economic package by Prime Minister Narendra Modi, Union Finance Minister Nirmala Sitharaman last week outlined a series of measures to support the economy. Apart from providing liquidity support to various sectors of the economy with a minimal fiscal outgo, the focus was on reforms.
However, many of the policy measures were either a reiteration of earlier announcements or follow-ups to those that did not work as desired. For instance, the Rs 90,000-crore liquidity support for power distribution companies (discoms) is a direct result of the failure ...
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First Published: Wed, May 20 2020. 00:07 IST
