Moneycontrol PRO
Upcoming Webinar:Prashant Shah explains ‘Irrelevance of Bull & Bear Markets for Success in Technical Analysis’. Register For Free!

Rebooting economy | Rs 20 lakh crore package includes steps taken by RBI, earlier measures: CEA KV Subramanian

He added that the measures announced under the package not only work to save micro, small and medium enterprises (MSMEs), but also save jobs that the sector generates.

May 13, 2020 / 07:37 PM IST

Expressing his views on the first tranche of measures announced by FM Nirmala Sitharaman, Chief Economic Adviser KV Subramanian told CNBC-TV18 that the Rs 20 lakh crore package includes steps already taken by the Reserve bank of India (RBI) and those announced by the finance minister earlier this years in February.

He added that the measures announced under the package not only work to save micro, small and medium enterprises (MSMEs), but also save jobs that the sector generates. Subramanian said the measures are comprehensive, and cover debt, subordinate debt and equity.

They also cover healthy as well as stressed MSMEs.

Track this blog for highlights from the FM's press meet

MSMEs often suffer from stress because of lack of equity which makes debt problematic. Thus, the equity cushion for MSMEs will mean a better credit rating and borrowing opportunities, he said.


COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more

His comments followed the announcement by FM Sitharaman of the first tranche of measures under the Atmanirbhar Bharat Abhiyan, wherein she detailed the economic relief measures for various sectors.

Follow our full coverage of the coronavirus outbreak here
Moneycontrol News
first published: May 13, 2020 07:37 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark