Today news
The same in other media
01.06 - 21:01
01.06 - 11:25
Money given right now would multiply incomes
Reading now: 612
The second tranche of the Centre’s enhanced financial package relies too heavily on credit mechanisms to offer farmers and the poor relief.
Direct cash handouts would work better In the situation India has found itself in, with commerce largely clamped and cash flows squeezed on account of corona curbs, we must get money moving quickly again, so that it forms incomes and then multiplies as it gains velocity from one transaction to the next.
Only a national government has the wherewithal to achieve this, and the most effective way to see it happen is via the direct placing of purchasing power in people’s hands.
The welfare aspect of it is obvious. Those deprived of their livelihood by the covid crisis need adequate compensation to tide over
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|