The math: it’s 10% of GDP, but less than 5% in cash

[ad_1] Written by P. Vaidyanathan Iyer The | New Delhi | Updated: May 13, 2020 10:11:57 am The Finance Minister is expected to announce the details as soon as possible as this influences the bond markets. (PTI) the Rs 20-lakh crore package Announced by Prime Minister Narendra Modi sounds great …

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Five key things to keep in mind

[ad_1] NEW DELHI: The Center announced on Tuesday a huge ₹20 trillion stimuli, comprising 10% of India’s GDP, to revive the economy that has been brought to its knees by a severe blockade of almost 50 days to contain the covid-19 pandemic. Prime Minister Narendra Modi, in announcing the stimulus, …

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