‘Moneylender’ government

'Non-banking finance companies, beware. India has a “non-banking finance minister” now. Nirmala Sitharaman, Union finance minister and the official town crier for Prime Minister Narendra Modi’s “Rs 20 lakh crore” package, has been announcing loan after loan, which is being passed off as evidence of the government’s generosity or benevolence to tide the country over the Covid crisis... However, loans account for at least Rs 6.3 lakh crore of the Rs 10.7 lakh crore worth of announcements made in the first three days. This means that over 58 per cent of the announcements between Wednesday and Friday were about loans...'

[Full article on The Telegraph.]