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Essay Republished

Covid Financial Package not meant for the People

The 20 Lakh package includes measures adopted by reserve bank to increase liquidity, loans by banks and NBFCs (a total of more 12 lakh crore) and re announcement or repurposing of budgetary allocations. At a structural level, on the one hand states are being asked to dilute the labour laws while on the other hand sectors like mineral mining and coal mining are being privatized – posing existential threat to both the people and environment of this country.