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[email protected] Mukul Vashisht 98188 67921, 8527399075 OURCLIENTS Mukul Vashisht, Proprietor FROM THE EDITOR-IN-CHIEF fter 48 days of lockdown, Prime Minister Narendra payroll protection programmes like in the US, UK and Germany. Modi announced a much-awaited stimulus package This is commensurate with the prime minister’s philosophy of on May 12. As part of it, he offered an economic stimu- giving no handouts to business. One hopes these loans will help A lus of Rs 20 lakh crore ($266 billion), or 10 per cent businesses revive themselves, but many who will be unwilling to of India’s GDP, among the highest in the world. It is in keeping increase their liabilities, or cannot avail of a loan, will go bank- with the revival packages announced by major economies—the rupt, resulting in a loss of jobs, income and, eventually, demand.