COVID-19 brought in its wake one of the gravest economic crises Indians have ever witnessed.
The economic fallout due to the pandemic left millions with severe economic hardships.
The second wave of the COVID-19 pandemic has proved to be deadlier for India than perhaps any other country.
We are facing what is probably the gravest economic crisis in at least a decade. At least 40 lakh young Indians have lost their jobs owing to the lockdown.
The Covid-19 pandemic has wreaked havoc across the world. Global economic growth has collapsed with several countries expected to witness a recession in 2020-21.
The Indian Prime Minister’s address to the nation had kicked off a flurry of activities from the finance minister and she responded by making five tranches of announcements to bring the Indian economy back on its rails.
The Insolvency and Bankruptcy Code (IBC) was introduced in May 2016 to hasten debt resolution as banks were facing monumental non-performing loans.
The importance of MSMEs in the Indian economic scenario is humungous.
In his address to the nation, the Indian Prime Minister announced a stimulus package of Rs 20 lakh crore aimed at all sections of society and the economy.
Following the first press conference on 13 May 2020, the Indian Finance Minister (FM) made the second tranche of announcements at a press conference on 14 May 2020.