The central government may soon announce a bailout package to deal with the negative impact on the economy due to the shock to various sectors due to Corona virus. Regardless of how much the bailout package is, which sectors will get the share of this package and what are its criteria, the government is constantly being hit at the top level. The Kovid-19 Economic Response Task Force constituted by the government also has a principle agreement on the bailout package. Meanwhile, PMs can appeal for donations from industry and celebrities.
According to government sources the bailout package can be announced anytime. The government also agrees with the report of the task force to bring various sectors out of the crisis. At present, the areas of maximum loss due to bailout package and corona are being studied. The Finance Minister has already said that the fight against Corona will be considered as Corporate Social Responsibility.
Possible help appeal
Apart from the countries of the world, industrialists and celebrities in India have not come forward to help. So far, Anil Aggarwal of Vedanta has announced 100 crores, filmmaker Manish Kundra has three crores and Anand Mahinda has announced help in making ventilators. The government wants this scope to increase. For this, PM Modi himself can appeal for help.
Task force studied impact in various fields
The task force constituted by the PM headed by the Finance Minister has continuously studied the adverse impact on various sectors due to corona. This study assesses the damage done to different areas separately. It was only after the assessment that the Task Force agreed to give a bailout package. After this, there was a churning phase at the top level in the government. Significantly, due to corona, all areas have a terrible adverse effect.
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