Indian Government’s Economic Stimulus Package to fight COVID-19
Most economic activity in the country had come to a standstill after the government imposed a nationwide lockdown to check the spread of Covid-19. The Finance Minister announced INR 20 lakh crore relief package in a combination of several reforms, fiscal and liquidity measures in 5 tranches so as to provide relief to the businesses and drive India towards self-reliance. The pillar on which the package rests is liquidity support so that businesses can crank up again and set the economic cycle back in motion.
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