On Monday 27th July 2020, Finance Minister Nirmala Sitharaman said that “banks have sanctioned ₹ 89,810 crores to about 1.1 crores Kisan Credit Card (KCC) holders to help farmers meet finances for Kharif sowing and allied activities.” As part of the ₹ 20.97 lakh crore stimulus package, the government had announced ₹ 2 lakh crore of concessional credit through KCC to 2.5 crore … [Read more...]
Finance Minister’s second set of “Atma Nirbhar Bharat”
On Thursday The Finance Minister Nirmala Sitharaman announces the second tranche of India's ₹ 20 lakh crore COVID-19 relief package, with a focus on migrant workers, farmers, and urban poor. Where on Wednesday's announcements focused on small businesses, non-bank lenders, and the power sector. Here are the key highlights of second announcements of “Atma Nirbhar Bharat”: ₹ … [Read more...]
Indian Fiscal Policy affects under lockdown in the new F. Y. 2020-21
The whole world is under pressure to fight with the worldwide big problem called COVID-19. Under the situation, Prime Minister Narender Modi take a difficult step and announced a 21 days lockdown in India from 25th March to stop the spreading pandemic of corona-virus. The corona-virus affect economy and Indian Finance Minister Nirmala Sitharam has already declared a COVID-19 … [Read more...]