SFI demanded that the state govt must begin vaccination for students who are a minimum of 12 years old while making Covid safety arrangements not just in schools and colleges but also in the hostels.
The rating agency said a seeming reluctance for fiscal expansion by the central government amid the COVID-19 crisis in India also poses a significant downside risk to its 1.8 per cent growth forecast for 2020-21 fiscal.
The relief package announcements appeared falling short of meeting market expectations on any demand side reforms.
In her announcement, the Finance Minister told that the government will amend the Essential Commodities Act to enable better price for farmers.
The Centre and States should, however, work in tandem to achieve these objectives within the mandate of overall labour welfare, the report stressed.
Sitharaman on Wednesday announced, schemes worth Rs 5.94 lakh crore, which included Rs 3 lakh crore support to the MSMEs.
Fitch said the 100 per cent guarantee for MSME loans and farm support schemes were the two main highlights from the announcements.
Among the Sensex pack, Axis Bank was the top gainer, surging around 7 per cent, followed by Ultratech Cement, L&T, ICICI Bank, SBI, M&M and Bajaj Finance.
Modi outlined a Rs 20-lakh-crore which is 9.7 per cent of GDP support package, of which new allocations could only be 50-60 per cent of the offer.
The combined package works out to roughly 10 per cent of the GDP, making it among the most substantial in the world after the financial packages announced by the United States.
