Explained: Is Nirmala Sitharaman's'festive stimulus' too little, too late?

Finance Minister Nirmala Sitharaman on Monday announced a Rs 73,000 crore package, including advance payment of a part of wages to central government employees and cash vouchers in lieu of LTC, to stimulate consumer demand and investment in the economy damaged by the coronavirus pandemic. Government will give its employees income tax-exempt cash vouchers in lieu of their entitled travel allowances this year. Additionally, the government will as a one-time measure give Rs 10,000 salary loan to all its officers and employees as festival advance.