000 01646nam a22001577a 4500
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100 _aManhas, Rashmi and Kumar, Ashutosh
_932566
245 _aGovernment policies towards businesses during pandemic: Special reference to MSMEs
260 _aAbhigyan
300 _a39(2), Jul-Sep, 2021: p.1-9
520 _aCovid-19 pandemic has dealt with an exceptional shock to the global and Indian economy. The economy was already in a parlous state before Covid-19 struck. The prolonged country-wide lockdown disrupted demand & supply chains and led to a downward spiral in world economy. World trade is expected to have fallen between 13% to 32 % in 2020. Therefore, to rescue the economy, governments worldwide have announced impressive fiscal and monetary stimulus packages and brought about widespread changes in their trade and commerce policies. This paper discusses the Indian government's policies and measures during Covid-19 pandemic to overcome the national and international businesses' challenges. In response to the falling economy, the Reserve Bank of India lowered key interest rates, provided support to people regarding aid and subsidies, and implemented the SDGs. It has also revived MSMEs by introducing the 'Atmanirbhar Bharat' (self-reliant India) scheme and provided the Prime Minister's economic relief and stimulus package to combat the challenges imposed by Covid-19. – Reproduced
650 _aCovid-19, Pandemic, Economic crisis, Government policies, MSMEs, Businesses
_930751
773 _aAbhigyan
906 _aCOVID-19 (DISEASE) - ECONOMIC ASPECTS
942 _cAR