 "Illustration by Binay Sinha")
At 4 pm on two consecutive days, May 13 and 14, Finance Minister Nirmala Sitharaman announced her first two sets of mega-relief measures. Titled “Atmanirbhar Bharat” (or “Self-Reliant India”), the first has much to do with businesses, with a special focus on support for the country’s micro, small and medium enterprises (MSMEs), as well as non-banking financial companies (NBFCs). The second package seeks to offer succour to jobless migrant workers, the poor and to farmers.
On the face of it, the amounts are huge. Consider just six elements of the first package. On offer are: (i) Rs .3 trillion (or Rs
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