A lockdown has been announced across the country until May 17 to deal with the global pandemic Corona. The number of corona virus cases in India is steadily increasing. Lockdowns can cause huge losses to the economy.
The government may soon announce a relief package to save the faltering economy. According to an international news agency, sources have been quoted quoting that the corona-related expenditure can be a maximum of $ 60 billion, or about Rs 4.5 lakh crore.
At the same time, the government fears that if it costs more, India's credit rating may decline and it will cause huge damage to the economy. This week, rating agency Fitch had said that if India's fiscal outlook worsens further, the pressure on ratings will increase significantly.
The government in India has already announced a relief package of Rs 1.7 lakh crore. It is about 0.80 percent of GDP. Now the government has a space of 1.5-2 per cent of GDP for the second relief package. Therefore, the government can only bring a relief package of maximum three lakh crore rupees.
Government considering relief package for regions: Gadkari
Union Minister Nitin Gadkari said that the government is considering releasing a relief package with all seriousness as much as possible to support the areas facing pressure amid the Corona virus crisis. A decision will be taken at the Prime Minister's level. On the other hand, about the problems in the real estate sector, Gadkari said that the government wants to help the sector and is doing its best to solve the problem. Gadkari said that whatever decision will be taken will be made public over time. He said that the government is firmly standing behind the industries.
The government is considering this in many ways. Whatever may be possible, what can be done to help all areas is being seriously discussed. In addition to this, Gadkari said, the government is also considering a separate policy for agriculture and micro, small and medium enterprises sector.
Regarding the concept of agricultural MSME, he asked the industries to explore the possibilities of agriculture. Gadkari reiterated that India should take advantage of the environment which has been created against China, and should focus on increasing exports as well as increasing economic growth.
After winning the T20 World Cup, the Indian team has finally reached India. The Board of Control
What can India do if there is a cyber attack from China?
India's Chief of Defense Staff General Bipin Rawat has said that China can carry out cyberattacks
The Drug Controller General of India (DCGI) has given conditional market approval for Covishield
Chhath has begun, but in the meantime, there is no good news for the fans of Bihar Kokila Sharda
UP Assembly Election 2022: The percentage of votes cast during five out of seven phases of the Ut
Oscars 2024: Who showed their talent at the Oscars this year, know who won the award?
The 96th Academy Awards were held at the Dolby Theater in Los Angeles, California. In India, it a
What is the oil game and gulf countries' trouble in the Ukraine-Russia war
The Muslim countries of the Gulf have large reserves of the world's oil. These countries have so
Startups bringing internet and technology to farmers
Agricultural entrepreneurs are bringing the digital age to the farmers of Pakistan. Amir Hayat Bh
Things are slowly becoming normal in Kolhapur, Maharashtra. Most of the shops were seen open in t
For the first time in Omicron's wave, there has been a decrease in death due to corona infection
