Govt’s stimulus package for economic revival ‘inadequate’: parliamentary panel
The Hindu
Various MSME associations have stated that due to a sharp fall in business, most of the MSMEs faced an acute cash crunch and needed immediate liquidity to cope with the unprecedented circumstance
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.A group of 13 men from Dakshin Datta Para village in Nadia district, West Bengal, busy transplanting paddy has been catching the eye of many in Mayildathurai district in recent days. A video clip of the Bengali migrant agricultural workers Singing Hindi and Bengali songs while planting paddy at Nallathukudi village here has gone viral.
Leaders and legislators hailing from Ballari, which is part of the Kalyana Karnataka region, seem to be a source of much political upheaval in Karnataka, going by recent history. This has been the case since the time illegal mining hit national and international headlines in the 2000s and the place gained reputation as “Republic of Ballari”.
The former BJP MLA of Udupi K. Raghupathi Bhat claimed on Saturday that he contesting the Legislative Council elections from South West Graduates’ Constituency as rebel candidate made the saffron party field its party leader C. T. Ravi in the biennial elections to the Legislative Council from the Legislative Assembly.