Skip to main content

The Indian Rescue Plan :-)

So Finally, India has planned a bigger rescue for economy slowdown...

Following are the highlights of the mega Stimulus Plan announced by the government to boost the economy:

  • Additional plan expenditure of up to Rs 20,000 crore (Rs 200 billion)
  • Excise duty reduced across the board by 4 per cent.
  • IIFCL authorised to raise Rs 10,000 crore (Rs 100 billion) via tax-free bonds.
  • PSU banks to announce package for borrowers of home loans.
  • Rs 350 crore (Rs 3.50 billion) additional funds for export incentives.
  • Back-up guarantee to ECGC for up to Rs 350 crore.
  • 2 per cent interest subvention for labour-intensive exports.
  • Rs 1,100 crore (Rs 11 billion) to ensure full refund of Terminal Excise duty.
  • Additional Rs 1,400 crore (Rs 14 billion) for textile sector under TUF Scheme.
  • The guarantee cover for loans to MSME doubled to Rs 1 crore (Rs 10 million).
  • The lock-in period for such collateral-free loans reduced.
  • Government departments allowed to take up replacement of vehicles.
  • Import duty on naphtha for power sector eliminated.
  • Export duty on iron ore fines eliminated.
  • The economy will continue to need stimulus in next fiscal.


M_U_K_U_N{U_V} said…
Baki to samajh aaya sir bus ye Govt. Dept. replacment wala case ni samajh aaya iss se kya hoga or ye kya concept hai????
please clarify

Popular posts from this blog

All they want is a pleasant experience for us

My experiences with this gloomy world continue. I may sound repetitive and annoying, but there's a reality check for all of us who think that the world is fine as long as the Covid-19 doesn't hit us and our paychecks continue to flow into the banks.  The store in the picture is amongst the busiest in the area, always remains full and explodes with the people on the Saturdays. A typical brand in a store, let's say a Van Heusen makes about ₹200,000 to ₹220,000 of sales on the weekend. As of today, the store does about ₹10,000 to ₹15,000 of revenues of the same brand, and the footfalls are not even 5 per cent of what they otherwise used to witness. Ironically, a store of this size would have 8-10 salesman with an average basic salary of ₹10,000 to ₹12,000 a month and the balance they earn (~₹5,000-₹7,500) is all linked to the sales of the brand. For them, purchases from the store cover-up for the livelihood, savings and the investments and there are no concept of "work fr

The new age crisis

I don't know who I should credit or discredit, but last couple of years have been incredible for India and it's people and it is not in a good way. Disappointed to note that the politics has completely taken over us and the ideological differences have reached our houses and personal devices. We are not only fighting amongst us on difference of opinion, but also ensuring that the dissent against a majoritarian view is killed to its core, to the extent that the voice is never raised against any impending thoughts or disagreements we may have.  I am deeply saddened by the fact that most of us now are actually made to believe that the opinion shared by a larger section of society is deemed right since it has the weight of a the population around, and in case you have reservations to even contest that, you are probably branded as a threat.  I may have had little problems with CAA or NRC if it wasn't done for the political incentives and the treatment of the people not sharing t