The credit push

Relief package is well-intentioned but won't move the needle much

Union Finance Minister Nirmala Sitharaman on Monday announced another set of measures to provide relief and enable various sectors to deal with the disruption created by the pandemic. Ms Sitharaman also used the opportunity to highlight a number of other government initiatives. The number of Covid cases has come down significantly in large parts of the country, which has allowed state governments to reduce restrictions on public mobility. Economic activity has improved as a result, but uncertainty for businesses remains. A renewed increase in infection can again disrupt economic recovery. In this context, the latest announcements are aimed at improving