What is The 20 Lakh Crore Economic Stimulus Package?

In his recent address to Nation Prime Minister Modi announced “The mega Rs 20 lakh crore ECONOMIC STIMULUS PACKAGE” to deal with the economic loss caused by Corona Virus Pandemic. I think many people just didn’t understand what exactly it is and how is it going to REVIVE the collapsed economy of the nation. Frankly saying even, I don’t understand the economic things in general and this is in particular.  We all know, the world has been crippled and the economies of the nations across the globe have suffered a great downfall, at present. India is no different!! So amidst this financial crisis how the 20 Lakh Crore STIMULUS Economic Package announced by Honorable PM of India, which is around 10% of our GDP, would come to rescue is an important thing to understand.

Mr. Biranchi N. Acharya Follow him @acharya_bn

Here is Mr.Biranchi Narayan Acharya, @one of the finest and seasoned Political Analyst and Observer, and a  fortunately my brother, explains it in easy words. Let’s understand what exactly it is and how is going to help the business and economy of the nation….

I am not an economist, but then my long experience in current affairs and political observing taught me many things. Thus, I want to clarify some doubts asked to me on the 20 lac crore rupees package/stimulus announced by central government. Let’s see some reactions.

Chidambaram said the package is a jumla and nothing else. Some criticized it as a serial (As Union Finance Minister declares measures phase wise). Dr Udit raj, an ex-BJP member who joined Congress because BJP denied ticket to him in 2019 for non-performance as MP earlier demanded minimum 10% of GDP as package but now ask where from the money will come. He further cited Manmohan Singh’s most infamous dialogue if money grows in tree.

To add more confusion many Congress member asked whether this 20 lac crore will be spent from budgetary provisions or central government will borrow this amount? Finally Rahul Gandhi said that the money should be transferred to migrants directly.

Now, I don’t know or understood whether they know about an economic package or stimulus or that they just confuse people knowing very well what the “Stimulus” is.
I know my readers prefer a simple explanation of any complicated matter. Thus let me give an example of financial stimulus. This will clear “What a Financial Stimulus precisely means?”
Let’s assume a hypothetical scenario. You gave some loan to your friend for a shop. Due to some problems, his shop gutted in a fire accident. He needs to be provided a stimulus so that he can be able to revive his business.

How should be your stimulus? Will you waive out your loans? If yes, then you relieved him off any loan, but then there won’t be any revival of his business.
The true stimulus is that you restructured his loan repayment extending it for a longer period and also you re-finance him at a lower interest in a longer term so that he can return all your money in an extended period while reviving his business. You can also ask him not to return part loan for a specific period (for example until his shop started to function).
You can also make some rule or amend some condition of the loan for his revival.

The bottom line is very simple. If you don’t give such a stimulus then your friend is finished at the same time your money given to him as loan also gone. Thus, a stimulus is always a win-win situation. Your friend is revived, and your money also saved.

All these things have got a monetary value. The interest you forego, the amount you refinance, the total saving of interest of your friend and most importantly your friend’s reduction of loss due to your quick refinancing, all these are computed in a monetary term.

Neither your capital is lost, nor your friend suffered more loss and the loss of the business entirely. Means, he doesn’t have to close his business, instead work on it…i.e. REVIVE!!

Same thing applies to government and the people including business folks. In such a financial situation, government provides some measures such as low rate financing, change of laws and many other things ( you can go through the declaration of Union Finance Minister, if you really understand this post ) which has a monetary value of 20 lakh crore. Package doesn’t mean distributing money. Therefore, don’t be confused and understand what an economic package or stimulus is…

I am not an economist, but then my long experience in current affairs and political observing taught me many things….

Posted by Biranchi Narayan Acharya on Saturday, May 16, 2020

So, basically there is a fundamental difference between “FINANCIAL RELIEF PACKAGE” and “A FINANCIAL STIMULUS PACKAGE.” A Relief Package helps to survive immediately whereas the Stimulus Package helps not only to Survive but to Stand Again and back on the track.

20 Lakh Crore package is a STIMULUS one. As I said earlier, I did not understand what and how exactly it is going to REVIVE the Economy. But now it is clear to me.

Well my most concern was for MIGRANT LABORERS Community who have been the worst victims of this pandemic. They are acutely depressed at present. I was apprehensive, thinking in what way it’s going to Help them.

Well….since MSMEs going to be given a stimulus package, the factories and industries will start again. They are the most absorber of the Migrant Workers.  So, they are going to get the work, at list soon. For them job loss will not be an issue.  And I hope the relief package that are announced earlier will be distributed with more transparency. Which in return should help the migrant survive the current time.

At last, I would like to say,

The only thing I wish…with this Corona Pandemic, at least The Migrant Laborer Sector should be made More Organized as they are our Core Workforce. It’s heartening and acutely depressing to see these people suffer…for no fault of theirs.

Featured image Source

R For A Revolving Lively Blue Kingdom…What My Planet Is!!!

Revolving Blue Kingdom Earth…
I was in deep slumber when I heard a knock
With the first impulse suddenly I woke up
I saw a Person standing before me
With a halo of magic aura and smiling
 
 
I couldn’t believe my eyes who I saw
He was non-other than My Hero – Dr.Kalam Sir!!
He smiled at my baffled lexis and confused looks
Waved his Hands to calm my qualms and doubts
 
 
That worked like Magic and in a jiffy I became Normal
Without losing a moment to be ceremonial or formal
I said, “Sir, it’s life’s Best Gift that I saw you in person”
I’m elated thrilled euphoric and in seven heaven”
 
 
With the utter of “Heaven” I paused for a moment
Looked at Him to look at his Angelic Face
“Sir, you must have landed in paradise to meet God”
“Have you brought any message for me from the heaven above?”
 
 
His mysterious smile became little wider on his face
From somewhere he gave me “a device”… I guess
“Switch it on…it’s the Time Machine” He said in a saintly tone
As a robot I followed his lucid and persuasive instructions
 
 
Within moments I was sailing in the space
With moon, planets and Stars…dreamland I felt!!!
I gazed amazed at my adorable earth
“Isn’t is like a Revolving Velvet Blue Sofa”…He asked
 
 
“Yes it is!! I said in an astonished voice
Incredible…!!! I’m living in such a gorgeous place!!!
“Yes dear…It’s the truth and I’m here to remind
The message Of God to You and Mankind!!
A Revolving Blue Kingdom Earth…
To inhabit in this Silky Blue Couch you have been sent
With everything free and without a penny as rent
Sunlight, Air, Water, Plants, birds, animals and flowers
Autumn, spring, summer, winter and rainy Showers
 
 
Everything, without charge as you are all HIS Children
Live a royal life, as the inheritor of His Kingdom
With best brains of all he sent you here
For you are the one who can take its care
 
 
But in return you have disappointed him
By destroying the earth, for your needs and whims
In a spree to satisfy your never-ending desires
You made this planet suffocated and choked
 
 
He is angry and has sent me to warn you all
Wake up and mend it and put back together
You have the inbuilt ability to Right all the wrongs
Do it ASAP better late than never
 
 
Else the consequences will be really grave & serious
With a fraction of second your life will be hell on this earth…
I looked at him with a terrified face
He then told me in a soft and virtuous voice
 
 
Dear Tina,
This Revolving kingdom Of God
Is unique and one in the universe for us all
You Swearword of accountability and tasks
Never to destroy its natural grace and elegance
 
 
Also a note of godly guidance for you all from him
Be humane and don’t allow the satan spoil and ruin
In you all the noble blood and pious heart
To love the cosmos and its inhabitants
 
 
You are all here…
With Life as Diary and You Yourself Being the Pen
To inscribe the symphony of Good deeds
Page after page…again and again
To engrave your name in every heart
Only With Love and….not hatred!!
 
 
I was almost motionless and speechless
Someone shook me brazenly …I guess
As I opened my Eyes…I saw a friendship band
My Best Friend Rachana…
Was standing there holding it in her hand
 
 
Looking mischievously at me…she said
Come out of dream my dear…and happy friendship day!!
I saw I was lying on my couch with my Diary by side
Torn pages in the floor and my Pen was open beside
 
 
My Planet is the Revolving velvety blue State
Life is the Diary and I I Being the Pen
I have to write the ode of Love in every heart
If I wish to go to meet my Divine God in heaven!!!
 
 
“Yes it is!! I said in an astonished voice
Incredible…!!! I’m living in such a gorgeous place!!!
“Yes dear…It’s the truth and I’m here to remind
The message Of God to You and Mankind!!

 

 
This post is also published in my other blog HERE and HERE
This is My Post for The Alphabet R  #AToZChallenge 2020 by @blogchatter in the Month of April 2020
My Theme for this session is @Life CLICK HERE
O For On Their Faces, Optimistic Smile!!!

Life was waiting for me to serve with a magic potion as I was going to witness most lovely smile, On Their Faces, Optimistic Smile!!
This morning, I found them selling fresh vegetables. As I live in a third floor flat in our building so I don’t get much opportunity to buy from hawkers who occasionally visit our lane. Most of the time, I don’t even know when they come and when they go. Well, today I heard their voices from the height of my flat and decided to go down and see what vegetables were available with them though I was sure most of them must have sold out as they were surrounded by many people in our lane.
 
I was right. Most of the vegetables were already sold. Still they were surrounded by 4 to 5 persons including two Aunties from my own building. I waited for my turn. I observed, the boy and the girl were struggling to calculate the amounts properly, quite naïve to handle the hard seasoned bargainers as customers. The woman was just giving what the customers were asking her. It gave me an idea that they weren’t regular into that profession. May be just before few days – may be 2-3 days before – they might have started it. In fact I had to convince one of the Aunties of my building not to bargain for Rs, 10/- or Rs.20/- looking at the efforts they are putting up. I must say, I hate bargaining or you may say that I am very bad in that…so I just don’t do it.
 
Both the children’s eyes caught me standing, calm and cool. I didn’t want to confuse them as they were really not able to handle so many of us at a time. As they asked what I wanted, I saw and chosen among what was available. I took and paid whatever amount they asked for without checking. But the boy again calculated and confirmed the same to me. The baskets were almost empty. Other customers had already left. So I asked them if the children were going to school or not. The woman told me that the girl was her daughter and the boy was her nephew. Both go to school, STD III and STD XI respectively. Her husband – a construction labor – had gone for a project and struck there due to lock down. They live in the nearby village. She doesn’t work as her means are managed comfortably.
Fresh Green Vegetables During Lock Down Life, On Their Faces Optimistic Smile
 
I asked them then how come she thought about selling vegetables?
 
She told me, “kya karein madam, mera admi ghar nahi aa pa raha hai. Paison ka Thoda dikkat hai abhi, gaon mein kissishe idea mila to laga ki woh yeh kaam kar sakti hai aur bachhe bhi ghar mein hain to thoda madaad miljayega.” 
I understood. So I said, “It’s okay, don’t worry”
But suddenly both girl and the boy said unanimously, “koi baat nahi maam, Corona jaldi chala jayega, sabkuchh jaldi hi thik hojayega”
 
I felt good at the confidence and conviction they were showing…both looked cherubic, carefree, thoroughly enjoying the new trade that they have delved into because of life’s compulsion. Not a gain of stress at all on their faces….
instead they had smiles reflecting the positive aura 🙂
 
“Achha…tumhe kaise pata” I said with a smile.
They smiled and said….
Aisa hi hoga….Dekhna!!
 
They promised me that tomorrow they will bring vegetables (bahut hai unke wahan…they said) and they would look for me to be their first customer as I was last today and didn’t have much choice.
As I insist, they posed happily before my camera.
And then left….
 I must say…they were just treat to soul and heart…I swear. 
We are all going through a very different life, Life during Lock down. an invisible Enemy is staring at us with it’s deadly spikes and tentacles to clutch us. 
As I came back, spread the vegetables, they reminded me the smiling faces of those kids and their innocent optimism.  
I felt as if I was given a potion of confidence by them as it affirmed my conviction as well.  We will all sail through this and come out of this situation, Soon.On Their Faces Optimistic Smile…a symbol of hope and things-will-change-anyway 
Capsicum and Onion…My Favorites!!!
This is My Post for The Alphabet O  #AToZChallenge 2020 by @blogchatter in the Month of April 2020
My Theme for this session is @Life CLICK HERE
G For Green Leaves and Yellow Flower!!

Green Leaves and Yellow Flower

Green leaves

Covered with Yellow Flowers

Were dancing with joy and bliss

As I saw them from my window

The trees around

Adorned with

Emerald foliage all over

And bright yellow flowers as crown

Told me

That spring has already entered

The Town

 

Life was lost

In fright and distress

Amidst the Corona Outbreak

And work and stress

Has become the everyday business

And I forgot and failed

To notice the magnificence of

The outside world

 

I paused, for a while

To relish the beauty and grandeur

And listen to their songs

With birds twittering the verses

And whispering of the winds

And then it reminded me…

The Same trees had once

In autumn,

Had lost their leaves

And gone through unbearable pain 

But then, they never stopped

To renovate themselves

When everything was lost

And when the spring came

They all bloomed, once again

Life involves Seasons

Happiness and Pain

No matter what happened in past

Always there awaits a blooming season

For u…ahead

It’s Life and its Process

Green Leaves and Yellow Flowers

This is My Post for The Alphabet G  #AToZChallenge 2020 by @blogchatter in the Month of April 2020

For My Theme CLICK HERE 

This is also Published here CLICK HERE

 

#CoronaVirus: SERVICE TO HUMANITY!

CoronaVirus: SERVICE TO HUMANITY! Sometimes I feel the a tiny and invisible Corona Virus has not only challenged the survival of human living but deeply tested the very chore of human conscience…HUMANITY.  

Pictures say volumes!!

Isn’t it?
No words can ever be enough to express our gratitude to them….

We know how the dreaded Corona Virus has devastated the whole world bringing to its knee crippling the economy and taking a toll on human lives. India is no different. In this time of crisis the only hope are the Doctors and health workers. day in Day out, I here the kind of unruly things like attacks on them, stone pelting  and offending them. Just because they are doing their duty. What kind of people in particular and society in general we are?? 

CoronaVirus: SERVICE TO HUMANITY

look at these pictures….What do you feel? Did it stir you inside? When I saw these pictures, my heart filled with appreciation and admiration to them. For a moment it dished too. They are the over exhaust health workers who just take a nap like this. They are not only stretching themselves for the monumental crisis before us but also risking their lives. When all other students are asked to stay at home, medical students are asked to work.


They are there to help us. Let’s try our best to help them by staying home, staying safe
My heart fills with gratitude for their dedication and commitment. Truly it’s not just work for them… It’s SERVICE TO HUMANITY.

Gratitude!!!

CoronaVirus: SERVICE TO HUMANITY

Check Here for another photo story