Relief on ground

Context: Finance Minister’s announced tranches of financial policies have provided relief to the rural employment and MSME’s.

• Rural Employment: Rs 40,000 -crore allocation to rural employment scheme MGNREGA provides promising relief to migrants heading home. MGNREGS works would continue during the monsoon months as well
• Succour to MSME’s: Raising threshold for insolvency under Insolvency and Bankruptcy Code likely to insulate MSME.
• Privatization and consolidation: at least one state-run company in strategic sectors, and other state-owned firms to be privatized eventually along with further consolidation and mergers in the banking sector.

Conclusion: To what extent and how soon the measures bring about a quantifiable change on the ground would be the real test.