NEW DELHI: The stimulus package announced by the government for the revival of the pandemic-hit economy has been found to be “inadequate”, according to a Parliamentary panel report.
The report of the department-related Parliamentary Standing Committee on Industry on the impact of COVID-19 pandemic on micro, small and medium enterprises (MSME) sector has noted that in the process of economic recovery post-first wave of the pandemic, the second wave has even more vigorously ripped the economy particularly the MSME sector.
“The committee observes that the stimulus package announced by the government for the economic revival from the pandemic hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief,” it said.
It has recommended that the government should immediately come out with a larger economic package aimed at bolstering demand, investment, exports and employment generation to help the economy, including MSMEs to recover from the pandemic fall-out.
This story is from the July 29, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 29, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
'SRK sir is a very inclusive person'
Bollywood actor Ananya Panday has a special connection with the superstar and is also the best friend of his daughter Suhana Khan
Parag's magnificent 84 sets up RR's 12-run win over DC
JAIPUR: Young Riyan Parag showed why he is considered a precocious talent as he struck a stunning 84 not out off 45 balls to set up a 12-run win for Rajasthan Royals against Delhi Capitals in their IPL match here on Thursday.
'Indian economy can grow at 8% till 2047'
Subramanian further said that clearly 8% growth target is ambitious, because India has not grown consistently at 8% before, but it is achievable
'Fiscal deficit touches 86.5% of annual target at Feb-end'
In the corresponding period last year, the fiscal deficit was 82.8% of Revised Estimates of Union Budget 2022-23
'Govt's gross liabilities rise to F160.69 lakh crore at Dec-end'
Public debt accounted for 90 per cent of total gross liabilities during the third quarter of the current fiscal year
Reliance picks 26% stake in Adani Power project in Madhya Pradesh
Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, a wholly owned subsidiary of Adani Power Ltd, of face value Rs 10 at par
Battles, bombardment in Gaza as US says Israel talks back on
Battles and bombardment pounded the Gaza Strip on Thursday after Washington said Israel had agreed to reschedule talks that had been cancelled amid tensions between the allies.
National Eligibility Test scores to be adopted for PhD admissions from 2024-25, says UGC
The National Eligibility Test (NET) scores will be used for PhD admissions from 2024-25 eliminating the need for separate entrance tests conducted by universities and higher education institutions, according to the University Grants Commission.
'Govt open to changes in Agnipath scheme
Defence Minister Rajnath Singh on Thursday defended the Agnipath scheme underlining that the future of youths joining as Agniveers would not be impacted, even as he said the government was “open” to bring any change in it “if required”.
Punjab BJP chief denies AAP MLAS' money offer claim to join party
Punjab BJP chief Sunil Jakhar on Thursday dismissed AAP MLAs’ allegations that they were offered money to join the saffron party, saying he was “amazed at their audacity”.