The Prime Minister chose to play with statistics when he announced that the package was 20 lakh crore rupees. It was not. What had been included was additional liquidity injected into the system through a number of steps and measures taken by the RBI from February to March adding up to more than 8 lakh crores. It also included the 1.7 lakh crore package announced in March. So, it was not 20 lakh crores but half that amount. But the question is even of this entire amount of 20 lakh crores, how much is actual expenditure of the government as opposed to the "stimulus" package which is going to be entirely born by public sector banks and institutions like NABARD? For example, in the announcement for workers made by the Finance Minister, the additional expenditure of direct benefit to the poor is just 3,500 crore rupees. This is the amount for the additional free foodgrains for an estimated 8 crore migrant workers who do not have ration cards. Here too lies a story. The government had earlier cancelled over 3 crore ration cards, mostly of genuine card-holders belonging to the poorer sections, without any physical verification, terming them "bogus" as they did not match Aadhar biometric standards. Now the same government claims it is a generous gesture to give those without ration cards free foodgrains!
https://www.ndtv.com/opinion/in-20-lakh-crore-package-strange-approach-to-self-reliance-2230258
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The Prime Minister chose to play with statistics when he announced that the package was 20 lakh crore rupees. It was not. What had been included was additional liquidity injected into the system through a number of steps and measures taken by the RBI from February to March adding up to more than 8 lakh crores. It also included the 1.7 lakh crore package announced in March. So, it was not 20 lakh crores but half that amount. But the question is even of this entire amount of 20 lakh crores, how much is actual expenditure of the government as opposed to the "stimulus" package which is going to be entirely born by public sector banks and institutions like NABARD? For example, in the announcement for workers made by the Finance Minister, the additional expenditure of direct benefit to the poor is just 3,500 crore rupees. This is the amount for the additional free foodgrains for an estimated 8 crore migrant workers who do not have ration cards. Here too lies a story. The government had earlier cancelled over 3 crore ration cards, mostly of genuine card-holders belonging to the poorer sections, without any physical verification, terming them "bogus" as they did not match Aadhar biometric standards. Now the same government claims it is a generous gesture to give those without ration cards free foodgrains! https://www.ndtv.com/opinion/in-20-lakh-crore-package-strange-approach-to-self-reliance-2230258