The Big Story29 Juni 2021

COVID Relief: Are Loan Guarantees Enough to Support the Economy?

Finance Minister Nirmala Sitharaman on Monday, 28 June, announced new relief measures for the pandemic-hit economy as states across India eased lockdown restrictions amid a decline in COVID-19 cases. The relief measures include expansion of the emergency credit line guarantee scheme or ECLGS, from Rs 3 lakh crore to 4.5 lakh crore and a new loan guarantee scheme for the healthcare industry, amounting to Rs 50,000 crore. Apart from this, measures to boost the tourism sector with loan guarantees to stakeholders and free visas to the first 5 lakh tourists till 31 March 2022, were also announced While the finance minister pegged the financial impact of these measures at nearly Rs 6.29 lakh crore, 'direct stimulus' to the economy was only a small fraction of this number. The estimated additional spend is reportedly just 0.3 percent of the GDP since most of the relief measures are only in the form of guarantee loans and not all schemes are related to the current financial year but are spread out over several years. This prompts the question: how impactful are these relief measures in the short term and why India, unlike advanced economies, continues to pump more funds into the supply side of the economy and not offer huge stimulus packages to households recovering from the trail of devastation left by the second wave? Host and Producer: Himmat Shaligram Guest: Aditi Nayar, ICRA Chief Economist and Madan Sabnavis, Chief Economist at CARE Ratings. Editor: Shelly Walia Music: Big Bang Fuzz Listen to The Big Story podcast on: Apple: https://apple.co/2AYdLIl Saavn: http://bit.ly/2oix78C Google Podcasts: http://bit.ly/2ntMV7S Spotify: https://spoti.fi/2IyLAUQ Deezer: http://bit.ly/2Vrf5Ng Castbox: http://bit.ly/2VqZ9ur Learn more about your ad choices. Visit megaphone.fm/adchoices

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(511)

What Happens Years After a Cyclone Hits? (ft. Ruhie Kumar & Surabhi Gajbhaye)

Cyclones are a characteristic feature of the Indian coastline and every year we see a few cyclones create severe damage to the east as well as the west coast. As we deal with the havoc left by Cyclone...

1 Juli 20231h 23min

Can AI Revolutionise Mental Healthcare? Experts Answer (ft. Dr. Samir Parikh and Dr. Megha Gupta)

Are AI apps the future of mental health support? Can these applications truly understand and address the complexities of our emotional well-being? What can a user expect when they get on such an appli...

15 Juni 20231h 12min

The Truth About HEATWAVES & Climate Change in India (ft. Aditya Pillai)

Heatwaves. Literally and metaphorically the “hottest” topic in climate change research. While heatwaves are becoming more and more common in India, are they still dismissed without proper knowledge? M...

1 Juni 20231h 21min

Karnataka Results Analysis: Hindutva, Corruption & Local Leaders

What will be the consequence of Congress’ victory in the Karnataka elections? What are the prominent factors that lead to BJP’s setback in the south? What issues mattered to the voters? We are joined...

15 Maj 202337min

Are We Spending More Money Because of UPI? (ft. Ateesh Tankha)

In this episode of The Big Story, our hosts Anjali and Prateek talk about money. Now, we don't have a lot of money, but we do have a lot of questions about money. About UPI, precisely. Are we spending...

1 Maj 20231h 21min

Understanding the Problems with the Indian Education System (ft. Ratna Vishwanathan and Neeti Bhalla Saini)

Do you sometimes look back at your schooling years and wonder if its changed at all? Do you wish you were taught differently? Have you ever considered the role a child’s environment plays in their edu...

15 Apr 20231h 27min

Will Microplastics Enter the Human Brain? (ft. Shreya Sharma & Sadhika Tiwari)

Did you know microplastics are intentionally added in our products? Or the fact that neither non- vegetarians nor vegetarians are safe from microplastics being found in their food? And why did we disc...

1 Apr 202355min

Jaggery, Keto, and Other Food Myths Debunked (feat. Krish Ashok & Dr. Priyanka)

Have you been wondering if you should switch from white sugar to jaggery? Is fast food actually harmful? Do diets like Keto and Paleo work? In this episode of The Big Story, we try to find the answers...

15 Mars 20231h 18min