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    THE STIMULUS DRIP

    Nov 21, 2020 3 minutes
    By M.G. Arun

    On November 12, finance minister Nirmala Sitharaman announced a third fiscal stimulus following the Covid-19 induced lockdown. The latest tranche, styled Atmanirbhar Bharat 3.0, combined with the production-linked incentives announced for manufacturing a day earlier, amounted to Rs 2.65 lakh crore, or over 1 per cent of GDP. While some of the measures are new initiatives, others are either extensions or enhancements of existing schemes.

    The new Atmanirbhar Bharat Rozgar Yojana comes at a time of rising unemployment, even after lockdown restrictions have been lifted. According to the Centre

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