Congress leader Rahul Gandhi on Monday slammed the Centre after it announced the COVID-19 financial package, calling it a ‘hoax’.
In a tweet, he said that the package, announced on Monday by finance minister Nirmala Sitharaman, could not be utilised by families to spend on food, medicines, or their children’s education.
“No family can spend FM’s ‘economic package’ on their living-food-medicine-child’s school fees. This is not a package, it’s another hoax!” he tweeted.
Congress leader and former finance minister P Chidambaram too hit out the Centre’s new package, saying that the only answer to the ongoing crisis is to put money in the hands of the people, especially the poor and lower-middle-class.
“‘Some elementary truths: Credit guarantee is not credit. Credit is more debt. No banker will lend to a debt-ridden business. Debt-burdened or cash-starved businesses do not want more credit, they need non-credit capital. More supply does not mean more demand (consumption). On the contrary, more demand (consumption) will trigger more supply,” he tweeted.
He added, “Demand (consumption) will not grow in an economy where jobs have been lost and incomes/wages have been reduced. The answer to this crisis is to put money in the hands of the people, especially the poor and lower middle classes.
Sitharaman had earlier announced Rs 1.1 lakh crore loan guarantee scheme for sectors of the economy struggling to recover from the impact of the devastating second COVID-19 wave.
The finance minister had announced a Credit Guarantee Scheme to facilitate new lending among the smallest borrowers.
“Under the Credit Guarantee Scheme, we aim to reach out to 25 lakh people who are absolutely small borrowers. Loan to be given to the smallest borrowers by Microfinance Institutions. A maximum Rs 1.25 lakhs amount to be lent,” she had said.
With the aim to provide further economic relief to micro, small and medium enterprises (MSMEs) amid the ongoing COVID-19 pandemic, the Centre also expanded the financial support being provided under the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 1.5 lakh crore.
To revive the tourism sector, Sitharaman announced free tourist visas to the first five lakh tourists and said that financial support will be provided to more than 11,000 registered tourist guides and tourism stakeholders.
UP Based 18-year-old Dies of Electrocution in Jammu
An 18-year-old youth died of electrocution after he came in contact with a live wire in Jammu. The child Mohit Sharma was a resident of Aligarh, Uttar Pradesh and was working as a daily wager in HSP for the past 20-25 days. HSP is replacing Municipality Street Lights in Jammu.
The family members alleged that the contractor lied to us that the main power switch was down and we should start the work. The concerned supervisor was absconding from the site. They also complained that the police were not ready to register the case and proceed with the investigation.
An onsite engineer said the company is ready to compensate for the youth’s death and will meet the demands of the family.
India’s Top Car Manufacturing Company is Calling Job Applications for ITI Passouts, Apply Early
Maruti Suzuki India, under the Mission Youth initiative, is inviting applications for ITI Passouts. The candidates applying for the job must be an ITI pass out with a valid diploma, and their age must be between 18-26 years.
The last date for applying is 30 September 2021 at 12:00 AM. Any entry beyond this date and time will not be considered under any circumstances.
Candidates applying for the job has to undergo an online test(Technical, Aptitude & Behavioural) followed by a personal interview. After clearing the test and the interview, the candidates will be eligible to work with the company.
Applying Link – https://visionjobs.in/jobseeker/VITW.aspx
How to register –
● Click on Proceed Button & Provide Primary Mobile Number.
● Validate Mobile Number with the OTP sent to you on Mobile No.
● Fill in your relevant details and preferences.
Old aged drivers to write ‘E’ on their vehicles
A big news for the old aged drivers as the Government has appealed them to write ‘E’ letter on their vehicles.
Keeping the traffic conditions and increase in accidents in consideration, the old aged people driving a vehicle will now write ‘E’ letter denoting elder on their vehicle.
This sign will alert the youth while driving on the road and make them careful when around the ‘E’ signed vehicles.
Talab Tillo District Traffic Inspector (DTI) Rakesh Kumar said that the ‘E’ sign on vehicles with drivers above age 60 will avoid unnecessary honking near them.
He further said that the new rule would be beneficial to the elders as they would easily get side on the road and the Traffic Police is encouraging them to follow the new rule.
Muskan Langoo, Content writer, JK Media
- UP Based 18-year-old Dies of Electrocution in Jammu September 28, 2021
- India’s Top Car Manufacturing Company is Calling Job Applications for ITI Passouts, Apply Early September 28, 2021
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