New Delhi: Finance Minister Nirmala Sitharaman on Monday announced eight steps of Relief worth Rs 6.28,993 Crore to help the economic revival being hit by Covid-19.
While the BJP leaders praised the stimulus package, calling it a booster dose for the economy, the opposition said it was “another exercise to beg for the previous announcement”.
Congress on Monday claimed the steps announced by the Minister of Finance Nirmala Sitharaman did not give anything other than the headlines and said the government had to take steps to spur demand to revive the economy “which continues to be in lethargic”.
“The Credit Guarantee Scheme has not been guaranteed to have resurrected since the Indian economy “The first PM instructed.
Then FM announced.
Then PM clapped.
Waah! ‘Jugalbandi’ like that to maintain the main headline, while the economy remains in lethargic,” he said.
CPM regulated the steps announced by the center to support the economy as “another exercise of appearing the previous announcement without increasing expenditure”.
Reacting to the announcement, Yechury tweeted, “another exercise to beg for the previous announcement without an increase in expenses.
People need to buy power to survive and increase demand to revive the economy.
This is not there.” The center has announced Crore Rs 1.5 Lakh from additional credit for small and medium enterprises, more funds for the health care sector, loans to tourism and guidance institutions, and neglect of visa fees for foreign tourists as part of the package to support economic pandemic.
Together with the expenditure of RS 93,869 Crore which was previously announced to provide free food to the poor until November and additional fertilizer subsidies of RS 14,775 crore, the stimulus package – largely consisted of government guarantees to banks and microfinance institutions for loans they planted to the sector -Epector contained covid.
– Total up to RS 6.29 lakh crore.