<\/span><\/h3>\n\n\n\nAll in all, the COVID-19 economic package had 5 tranches, each of whose monetary value is listed in the table below:<\/p>\n\n\n\n\n Sl No<\/strong>\n <\/td>Particulars<\/strong> <\/td>\n Rs Amount in cr<\/strong>\n <\/td><\/tr>\n 1\n <\/td> Tranche 1 <\/td> \n 5,94,550.00 \n <\/td><\/tr> \n 2\n <\/td> Tranche 2 <\/td> \n 3,10,000.00 \n <\/td><\/tr> \n 3\n <\/td> Tranche 3 <\/td> \n 1,50,000.00 \n <\/td><\/tr> \n 4\n <\/td> Tranche 4 and 5 <\/td> \n 48,100.00 \n <\/td><\/tr> \n <\/strong>\n <\/td>Sub-total<\/strong> <\/td>\n 11,02,650.00 <\/strong>\n <\/td><\/tr>\n 6\n <\/td> Measures announced previously under Pradhan Mantri Garib Kalyan Yojana <\/td> \n 1,92,800.00 \n <\/td><\/tr> \n 7\n <\/td> RBI’s monetary policies in play <\/td> \n 8,01,603.00 \n <\/td><\/tr> \n <\/strong>\n <\/td>Total<\/strong> <\/td>\n 20,97,053.00 <\/strong>\n <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<\/span>Tabular representation of the centre\u2019s fiscal exposure in the Rs 20 lakh crore economic package<\/strong><\/span><\/h3>\n\n\n\n\n Particulars<\/strong>\n <\/td>\n Rs Amount in crore<\/strong>\n <\/td><\/tr>\n Previous announcements made by the PM*\n <\/td> \n 1,08,495\n <\/td><\/tr> \n Tranche 1 of economic package\n <\/td> \n 25,500\n <\/td><\/tr> \n Tranche 2 of economic package\n <\/td> \n 5,000\n <\/td><\/tr> \n Tranche 3 of economic package\n <\/td> \n 30,000\n <\/td><\/tr> \n Tranche 4 of economic package\n <\/td> \n 8,100\n <\/td><\/tr> \n Tranche 5 of economic package\n <\/td> \n 40,000\n <\/td><\/tr> \n Total<\/strong>\n <\/td>\n 2,17,095<\/strong>\n <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n*Includes PMGKY announcements, anti-COVID-19 health measures of Rs 15,000 crore, and loss of revenue of Rs 7,800 crore<\/p>\n\n\n\n
<\/span>Informal GoM to monitor the implementation of the economic stimulus<\/span><\/h3>\n\n\n\nInformal GoM to monitor the implementation of the economic stimulus
<\/span>Key takeaways<\/span><\/h3>\n\n\n\nAll in all:<\/p>\n\n\n\n
Given our massive economy, the ratio of our population and immediate financial resources is this disproportionate. Besides, the government also has to keep some money safe for contingencies and strategic plans. Ergo, the govt is looking to make a significant impact with minimum financial resources and pave a path for a self-reliant India<\/li> <\/li> The Rs 20 lakh crore economic revival package is mostly dominated by credit infusion, liquidity measures, reforms, and amendments to existing acts rather than having significant fiscal exposure (it sums up to less than 10% of GDP that the centre claims)<\/li><\/ul>\n\n\n\nOn careful evaluation of the package and its plan for implementation, you will notice that the centre has very little fiscal exposure even in this financial year<\/li><\/ul>\n\n\n\nMajor exposure of the centre is either contingent upon beneficiaries defaulting on their credit repayments as mentioned above. Or, since the implementation of certain measures, reforms, and amendments will take time, the centre\u2019s fiscal exposure will also be postponed<\/li><\/ul>\n\n\n\nA majority of the reforms and amendments are reiterations of the pre-COVID era. Ergo, it seems like the centre is using COVID-19 as a cover to reintroduce pending measures<\/li><\/ul>\n\n\n\nNevertheless, by not throwing free money into the system, the centre has avoided the associated risks. Free ka maal is often taken for granted. Anyway, experts also believe that though the economic package may not address the near-term crisis of businesses, it will create a favourable environment for them in the medium- and long-term.<\/p>\n","protected":false},"excerpt":{"rendered":"
The 20 lakh crore-economic revival package comes with caveats but has a potential to pull out the economy from muddy waters. Read the details<\/p>\n","protected":false},"author":27,"featured_media":1260,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[],"acf":[],"modified_by":"Manonmayi","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2020\/05\/2533-scaled.jpg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/1191"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=1191"}],"version-history":[{"count":12,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/1191\/revisions"}],"predecessor-version":[{"id":1256,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/1191\/revisions\/1256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/1260"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=1191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=1191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=1191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}