economy Government

Opinion | A painkiller for businesses and individuals, not a fiscal stimulus package

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www.livemint.com

The real takeaway is govt has moved away from stifling binaries to find the right mix Seventy-five days after the Union budget—during which the world we live in has changed unrecognizably—the Prime Minister announced a ₹20 trillion package.

Coming after an expenditure budget of ₹30 trillion, it was obvious that what the PM announced would not be a “cash out" package.

It would be a combination of facilitating infusion of money into the economy through a variety of measure such as repackaging existing allocations, policies and programmes to give a “fresh" stimulus package.

The first tranche of announcements reveals that the package is designed to extend a helping hand; not a fiscal stimulus, less so a bailout.

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