Conditional fiscal stimulus at minimal 0.2% of GDP: SBI Ecowrap


New Delhi, Oct 13 | The latest stimulus measures announced by the Centre will lead to a maximum additional cash outgo of Rs 40,000 crore, which is around 0.21 per cent of the GDP during the current fiscal, an SBI Ecowrap report estimated on Tuesday.

In comparison, the last stimulus package had a cash outgo of Rs 2 lakh core or around 1 per cent of the GDP.

The measures introduced under the Rs 73,000 crore package provides for ‘LTC Cash Voucher Scheme’, ‘Festive Advance’ and loans to state governments to spend as capital expenditure.

As per the report, the Centre has proposed a special interest free 50-year loan to the states for capital expenditure of Rs 12,000 crore to be spent till March 2021.

Out of the total, Rs 10,000 crore will be provided to all the states and Rs 2,000 crore to states which meet at least three out of four reforms given in the ‘Aatmanirbhar’ fiscal deficit package.

“Though we welcome this step, we believe that Rs 12,000 crore is minimal given the fact that this amount is only 1.6 per cent of the FY21 budget estimates of capital expenditure of select 18 states.

“This number will reduce further if we add the capex projections of all the other states. Regarding the extra Rs 2,000 crore, we believe that only a few states will be eligible for this amount. We believe only around 10-15 per cent employees would use the LTC scheme,” the report said.

In case of festival advance, the report said that assuming that it is taken in November and since it is to be returned in maximum of 10 instalments, four instalments will be paid back in this fiscal, thus leaving a burden of Rs 2,400 crore to the exchequer.

“Further capital expenditure will lead to Rs 25,000 crore cash outgo for the Centre’s budget allocation and Rs 12,000 crore loan for states.

“Taking all these into account, Rs 40,000 crore is the maximum additional cash outgo of the Centre during the current fiscal, which is around 0.21 per cent of GDP… Let us hope these new measures are not a case of too little too late,” the report said.

Source: IANS

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From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

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Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

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Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all


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