Perspective on the FM's announcement on
economic package by Mr. Nish Bhatt, Founder & CEO,
Millwood Kane International- an investment consulting firm.
Measures announced today were narrowed down to few
sectors which are primed to provide immediate economic growth.
The government is rightly focusing on liquidity measures during
this crisis. Liquidity measures for NBFCs, HFCs & MFIs will help boost
lending activity given the reach of these institutions. This will also ensure
immediate working capital requirements to kick-start economic activities.
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| Mr. Nish Bhatt, Founder & CEO, Millwood Kane International |
While we wait for further details of relief package from
the government for other critical sectors, steps taken today will leave more
money in the hands of individual taxpayers as well as employers.
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