The 20-trillion economic package announced by the Centre last year to offset the impact of covid-19 is expected to come under scrutiny, with members of the government’s think-tank NITI Aayog set to brief a parliamentary panel later this week, said three people aware of the development. The parliamentary standing committee on finance will examine the long-term impact of the pandemic on the economy in its first such meeting on Wednesday. A report would be presented to the members during the meeting titled “long term impact of covid-19 pandemic on the global economy, trade flows and financial markets. This will be followed by a discussion on the pandemic’s impact on major economies worldwide. The agenda of the meeting is not limited to the Indian economy. It will be a broad-based discussion about the impact of covid-19 on India and other major economies around the world. We are expecting a detailed presentation on the impact of covid-19 in some of the important sectors of the Indian economy while comparing it with global impact on the sector, said one of the people mentioned above. The handling of the pandemic has been a key bone of contention, with several opposition parties flagging that the Centre has not done enough to help the poor and small and medium enterprises during this crisis.
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