: The Political Fix: Will Modi’s five-tranche economic package lift India out of the lockdown abyss? #IndiaNEWS Welcome to the Political Fix by Rohan Venkataramakrishnan, a weekly newsletter on Indian

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The Political Fix: Will Modi’s five-tranche economic package lift India out of the lockdown abyss? #IndiaNEWS
Welcome to the Political Fix by Rohan Venkataramakrishnan, a weekly newsletter on Indian politics and policy. To get it in your inbox every Monday, sign up here .You can help support this newsletter and all the work we do at Scroll.in either by subscribing to Scroll+ or by contributing any amount you prefer to the Scroll.in Reporting Fund.The Big Story: Package dealAs of May 18Covid-19 cases in India: 96,169 (up from 62,939 last week)Recovered: 36,824 (up from 19,357)Deaths: 3,029 (up from 2,109)India’s national lockdown to reduce the spread of Covid-19 – which began on March 25 and is now set to continue until May 31, making it 67 days – was not put in place in consultation with the finance ministry. How do we know this? Finance Minister Nirmala Sitharaman admitted as much when she announced limited measures two days after the lockdown began. Sitharaman claimed that her ministry acted quickly to “respond� to the lockdown within 48 hours, making it clear that there had been no coordination beforehand. Those measures, free extra rations and minimal cash support, amounted to less than 1% of India’s Gross Domestic Product, and were never going to be sufficient to make up for the massive economic shock caused by one of the world’s harshest lockdowns. We wrote then about how many analysts were calling for a basic...Read more

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