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FM Sitharaman's relief package: All about convenient extensions of schemes?

The announcements have extended all deadlines from March or April end to June end without quite changing the guidelines of any scheme

Nirmala Sitharaman
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FM Nirmala Sitharaman

Madan Sabnavis
The news of the announcement of a package from the Finance Minister did raise a lot of expectations given the threat of a very negative impact of coronavirus on the economy. A quick gauge of the reaction is the stock market, where the S&P BSE Sensex declined by around 500 points by the time the announcements were made. This is not surprising as the FM had clearly stated in her prologue that the announcements to be made would be more in the procedural and administrative areas, which seek to address the convenience of individuals and units in the light of