THE STIMULUS DRIP
Nov 21, 2020
3 minutes
By M.G. Arun
On November 12, finance minister Nirmala Sitharaman announced a third fiscal stimulus following the Covid-19 induced lockdown. The latest tranche, styled Atmanirbhar Bharat 3.0, combined with the production-linked incentives announced for manufacturing a day earlier, amounted to Rs 2.65 lakh crore, or over 1 per cent of GDP. While some of the measures are new initiatives, others are either extensions or enhancements of existing schemes.
The new Atmanirbhar Bharat Rozgar Yojana comes at a time of rising unemployment, even after lockdown restrictions have been lifted. According to the Centre
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