Left Menu
Development News Edition

Stimulus package misses real sufferers of disruptions due to coronavirus lockdown: Garg


Stimulus package misses real sufferers of disruptions due to coronavirus lockdown: Garg

New Delhi, Mar 26 (PTI)  Former finance secretary Subhash Chandra Garg on Thursday said the Modi government's Rs 1.7 lakh crore stimulus package misses the real sufferers of economic disruption caused by COVID-19 and lockdown.         The government on Thursday announced a Rs 1.7 lakh crore stimulus that included free foodgrain and cooking gas to poor for three months, and cash doles to women and poor senior citizens as it looked to ease the economic impact of the nationwide lockdown

"Package announced today will provide succour to out of jobs people. It misses the real sufferers of economic disruption caused by COVID-19 and lockdown. Over 8 crore unorganised businesses and 10 crore affected workers need the support of 1 lakh crore," Garg said in a tweet

While over 80 crore poor ration card holders will each get 5 kg of wheat or rice and one kg of preferred pulses free of cost every month for the next three months, 20.4 crore women having Jan Dhan bank accounts would get one-time cash help of Rs 1,500 spread over three months.             Over 8.3 crore poor women, who were handed out free cooking gas connections since 2016, will get free LPG refills for the next three months, while poor senior citizens, widows and disabled will get ex-gratia cash of Rs 1,000.              The package included advancing the payment of one-third of the Rs 6,000 a year pre-2019 general election cash dole scheme for farmers, government contributions to retirement funds for the next three months of small companies with 90 per cent of staff earning less than Rs 15,000, and a Rs 50 lakh insurance cover to healthcare workers.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

Coronavirus lockdowns to speed up long-pending revamping of supply chains

With millions of production lines impacted, business disruptions to some extent are unavoidable and the lessons learned from this turbulence will leave an everlasting impact on both global and local levels of supply chains....

COVID 19 to catalyze the redefinition of urban planning and sustainability

Until now the urban planning was focused on mitigation to natural disastrous, climate change, pollution, chronic illness and lifestyle diseases. However, the global pandemic of novel coronavirus is going to change the whole narrative of urb...

Ebola to COVID 19: Has Geopolitics prevailed over Professionalism in WHO

World Health Organization WHO is perceived as one of the most professional bodies of the United Nations. However, the role of WHO has come under question in handling outbreak two deadly diseases Ebola Viral Disease EVD and novel Coronaviru...

Trade War, COVID 19 and Beyond: How Pandemic is defining a New World Order

While we are confined in our homes, the world is changing faster than ever. Geopolitics in the time pandemic is defining a new world order. The transformation is happening in almost all the walks of life but the million-dollar question is ...

Videos

Latest News

Adityanath directs for quarantine of 1 lakh people who have entered UP in past 3 days

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday issued directions to officials to quarantine the approximately one lakh people who have arrived in the state from other parts of the country in the last three days. According to a sta...

LS speaker urges MPs to allocate Rs 1 cr from MPLADS fund for coronavirus relief

Lok Sabha Speaker Om Birla on Saturday requested MPs to allocate Rs 1 crore from their MPLADS fund to local authorities to tackle the coronavirus pandemic. The country is passing through a tough phase due to COVID-19 and as public represent...

PTI tally of COVID-19 cases and deaths in India

Following is a state-wise tally of the number of COVID-19 cases and deaths in India as per information provided by respective governmentsStateUT Confirmed cases CuredDischarged Deaths Andaman and Nicobar 6 0 0----------...

Tatas pledge Rs 500 crore support in fight against Covid-19

Tata Trusts on Saturday pledged Rs 500 crore for prevention and relief activities of the coronavirus pandemic. The philanthropic organisation, which hold 66 per cent in the holding firm of the Tata Group, Tata Sons, said the fund has been e...

Give Feedback