As the two-month lockdown was eased, the Union government came out with an economic stimulus package of ₹20 lakh crore and initiated many reforms.
In an exclusive interview, Union Minister (of environment, forest and climate change; information and broadcasting; and heavy industries and public enterprises) Prakash Javadekar articulates the government’s position on the economic stimulus package, reforms, migration crisis, and governance. Edited excerpts:
Q/Many people say the stimulus package may not help revive demand.
A/There are two views—whether you need to address the supply side or the demand. It will create inflation if there is no proper supply. People were saying that we should give ₹7,500 to everyone. Eighty crore people were given 25kg of rice or wheat, 5kg of pulses; additionally, 10 crore people (migrants and people without ration cards) were given 10kg rice and 2kg of pulses free of cost. Twenty crore women got ₹1,500 each [₹30,000 crore total] in their Jan Dhan accounts. Eight crore families have got three gas cylinders each, free [of cost]. Three crore senior citizens got ₹1,000 each in their account. Eight crore farmers got ₹2,000 in their accounts. So, basically, the bottom 10 per cent have got more than ₹7,500.
Q/Will the prime minister’s mantra of self-reliance lead to protectionism? Make in India has had only limited success.
هذه القصة مأخوذة من طبعة June 07, 2020 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 07, 2020 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Trump And The Crisis Of Liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.
