Tech innovations such as the UPI payment apps enable super-fast transactions The Union government on Thursday announced a staggering ₹1.7 trillion package to mitigate the brunt of the 21-day lockdown on 800 million people.
It has in the process hit the right notes with the optics, no doubt, and at the same time prioritized its economic strategy to be one about protecting the most vulnerable.
By sheer scale, it dwarfs the fiscal stimulus undertaken in the last big crisis—the 2008 global financial meltdown. More impressive is the rare alacrity with which the Union government, headed by Prime Minister Narendra Modi, has moved to deliver the relief—without worrying about the attendant fiscal costs—to those at the bottom of the social pyramid,
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