Why does the Indian government not provide stimulus checks like the US?

[resjudicata]

@blaise It devalues. Give it time.

 

[callmemustang]

@blaise If there's a challenge to Dollar's hegemony by some other currency, would it affect the US economy then for continuously printing money?

 

[andres1995]

@beastmaster This needs to be the top voted comment instead of that poor effort comment about babus that's currently sitting in top position.

 

[resjudicata]

@beastmaster But Rbi is already going to print money, right?

 

[pknight79]

@beastmaster The why is the government giving money to rich companies, the 20lakh crore package?

Wouldnt the 20 lakh crore package given to these companies raise inflation?

 

[resjudicata]

@pknight79 Where did the rich companies got 20lakh crore free money?

 

[pknight79]

@resjudicata The government had anounced in 2020 the 20 lakh crore stimulus package.

 

[resjudicata]

@pknight79 Your claim is government is giving 20lakh crores to rich companies

 

[pknight79]

@resjudicata

https://www.financialexpress.com/ec...ic-stimulus-package-by-fm-sitharaman/1961843/

These funds would go to the top companies and top busineemen/industrialists in hopes that it would trickle down, in reality nothing trickles down ever it just stagnate at he upper echelons, these companies would indulge in stock buybacks,payig hefty bonusesto upper management.

 

[resjudicata]

@pknight79 Read the link that you have sent.

 

[pknight79]

@resjudicata The reliefe package has been given to these big companies.

Its in the link, please read it and watch the video.

 

[misheal]

@pknight79 Do you think relief packages to companies are free money? They're either loans that the companies have to pay back or money in exchange for a stake in the company.

Also, the link speaks of MSMEs, PSUs, and sectors which desperately needed cashflow. No mention of, uh... "rich companies".