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Covid-19: Govt's Rs 20-trn rescue package proves to be a damp squib

The reason for discontentment is that the actual fiscal outlay is only a fraction of the amount

FM Sitharaman's fifth tranche gets high on reforms, low on stimulus
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Business Standard
Flatter to deceive?

The government’s Rs 20-trillion rescue package has proved to be a damp squib with economists and the stock markets giving it a thumbs down. The reason for discontentment is that the actual fiscal outlay is only a fraction of the amount. In a hidden jibe, Harsh Goenka, chairman, RPG Enterprises, on Tuesday tweeted, “On graduation I promised my son Rs 1 crore. My package details: 25 lacs cost of his studies in last 14 years; 15 lacs cost of all his food and holidays; 30 lacs cost of his room in my apartment; 25 lacs kept in a