Prof K Nageshwar: What Is There In Central Stimulus 2.0 ? (Video)

         Register Online for Graduates MLC. Here is the link: https://ceotserms1.telangana.gov.in/MLC/form18.aspx

On Monday, finance minister Nirmala Sitharaman made a pithy statement after she unveiled the Centres Stimulus 2.0 package, as it was widely billed. Measures by the government to stimulate demand must not burden the common citizen with future inflation," she said, and must not put government debt on an unsustainable path." This captured the spirit of what turned out to be a modest exercise in spurring private expenditure. It also served as an explanation of the governments reluctance to open its coffers. Had she stated so at the start, expectations of a big bonanza to outdo Mays atmanirbhar outlays would have got suitably tempered. The latest measures seem like a response to criticism back then that little had been done to directly boost demand. This, the Centre had held, was best done once India had largely been unlocked and people were ready to shop. In all, the government expects Mondays moves to generate about 1 trillion in extra spending by consumers at large. This could well happen, and anything that encourages people to loosen their purse-strings is welcome. But, given the plans details, it is likely to work chiefly on those who were already disposed to making big-ticket purchases this festive season.
https://www.livemint.com/opinion/online-views/stimulus-2-0-a-lesson-in-fiscal-conservatism-11602514009857.html

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Prof K Nageshwar: What Is There In Central Stimulus 2.0 ? (Video)
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Register Online for Graduates MLC. Here is the link: https://ceotserms1.telangana.gov.in/MLC/form18.aspx On Monday, finance minister Nirmala Sitharaman made a pithy statement after she unveiled the Centres Stimulus 2.0 package, as it was widely billed. Measures by the government to stimulate demand must not burden the common citizen with future inflation," she said, and must not put government debt on an unsustainable path." This captured the spirit of what turned out to be a modest exercise in spurring private expenditure. It also served as an explanation of the governments reluctance to open its coffers. Had she stated so at the start, expectations of a big bonanza to outdo Mays atmanirbhar outlays would have got suitably tempered. The latest measures seem like a response to criticism back then that little had been done to directly boost demand. This, the Centre had held, was best done once India had largely been unlocked and people were ready to shop. In all, the government expects Mondays moves to generate about 1 trillion in extra spending by consumers at large. This could well happen, and anything that encourages people to loosen their purse-strings is welcome. But, given the plans details, it is likely to work chiefly on those who were already disposed to making big-ticket purchases this festive season. https://www.livemint.com/opinion/online-views/stimulus-2-0-a-lesson-in-fiscal-conservatism-11602514009857.html

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