ANALYSIS OF THE EFFECTIVENESS OF GOVERNMENT STIMULUS PACKAGES IN INDIA WITH SPECIAL REFERENCE TO THE PUBLIC SECTOR BANKS AND GOVERNMENT ORGANISATIONS LIKE MTNL ETC.

Abstract

Indian banks were mostly immune to the first repercussions of the global financial crisis since the country's financial sector is not well connected with the global financial system. During the financial crisis, India also not able to get away from the reverberation of the financial crisis as it moves on into worldwide economic downswing. The study helps to identify positive & negative impacts related with economic stimulus programs enforced by the Indian Government in 2020 during covid situation. Government of almost every country tried to contrive different types of economic stimulus packages to tackle the pandemic situation. After careful analysis, it becomes apparent that India is successful in developing policy measures in order to achieve harmonious equilibrium between conflicting sensual horizons. The reason behind progress of Industrial sector is the formulation of Atma Nirbhar Bharat Programme, Make-in India Project, reduction of corporate tax rates, etc. Our main focus during this study is to analyze the impact of government stimulus packages on Public sector banks & Government organizations, special focus on MTNL