The People Need Cash, Not Credit
Journalist Bhasha Singh analyses the Rs. 20 lakh crore package announced by the Centre. She says that at a time when the people of the country, especially the workers, need ration and cash, the government has focused on credit and loans. What is missing is the aid that is crucial for the poor, especially the lakhs of migrant workers who are on the streets. CMIE figures show that 34% of Indians are in deep distress due to the lockdown and 65% of households are struggling to manage a week's necessities. Bhasha Singh talks to economic affairs expert Girish Malaviya on these issues.
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