{"id":59536,"date":"2020-05-05T16:12:48","date_gmt":"2020-05-05T10:42:48","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=59536"},"modified":"2020-05-05T16:12:48","modified_gmt":"2020-05-05T10:42:48","slug":"india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee","title":{"rendered":"India should put in large enough stimulus package to revive demand: Abhijit Banerjee."},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"59549\" data-permalink=\"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\/abhijit-banerjee\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&amp;ssl=1\" data-orig-size=\"276,183\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Abhijit Banerjee\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&amp;ssl=1\" class=\"alignleft size-full wp-image-59549\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?resize=276%2C183&#038;ssl=1\" alt=\"\" width=\"276\" height=\"183\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?w=276&amp;ssl=1 276w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?resize=150%2C100&amp;ssl=1 150w\" sizes=\"auto, (max-width: 276px) 100vw, 276px\" \/><\/a>India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash in the hands of people would be the best way to boost the economy post lockdown.<\/p>\n<p>Banerjee, while talking to Congress leader Rahul Gandhi through video-conferencing, suggested giving money into the hands of the bottom 60 per cent population to help revive demand.<\/p>\n<p>He was deliberating on the economic impact of the COVID-19 pandemic with Gandhi as part of a series of dialogues broadcast on Congress&#8217; social media handles.<\/p>\n<p>Banerjee said it was important for India to announce a large enough stimulus package to deal with the crisis on the lines of what the US, Japan and the Europe are doing.<\/p>\n<p>&#8220;We really haven&#8217;t decided on a large enough stimulus package. We are still talking about 1% of GDP. The United States has gone for 10% of GDP,&#8221; the noted economist said.<\/p>\n<p>&#8220;We have done one thing that I think is wise, which is to kind of put a moratorium on debt payments. We could do more than that. We could even say that the debt payments for this quarter will be cancelled and will be taken care of by the government,&#8221; he said.<\/p>\n<p>To Gandhi&#8217;s question as to whether some form of the Congress-proposed NYAY scheme or direct cash transfer to people was the need of the hour, Benerjee answered in the affirmative saying it should not be limited just to the poorest.<\/p>\n<p>&#8220;I would say bottom 60% of the population, we give them some money, nothing bad will happen in my view. If we gave them money, well some of them might not need it. Fine they&#8217;ll spend it. If they spend it, it would have a stimulus effect,&#8221; he said.<\/p>\n<p>Banerjee also suggested that the government should hand out temporary ration cards to people to deal with the problem of food distribution.<\/p>\n<p>He said another concern looking ahead post-COVID-19 and is a chain of bankruptcies.<\/p>\n<p>&#8220;Maybe writing off a lot of debt is the way to go,&#8221; he suggested.<\/p>\n<p>The other concern, the noted economist said, is the demand shortfall.<\/p>\n<p>&#8220;Getting some cash into the hands of the population is the best way to kick start the economy,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash in the hands of people would be the best way to boost the economy post lockdown. Banerjee, while talking to Congress leader Rahul Gandhi through video-conferencing, suggested giving money into the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":59549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[85],"tags":[46876,46877,46878],"class_list":["post-59536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-law-news","tag-abhijit-banerjee","tag-abhijit-banerjee-with-rahul-gandhi-on-conference","tag-stimulus-package"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India should put in large enough stimulus package to revive demand: Abhijit Banerjee. - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India should put in large enough stimulus package to revive demand: Abhijit Banerjee. - Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"og:description\" content=\"India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-05T10:42:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"276\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"India should put in large enough stimulus package to revive demand: Abhijit Banerjee.\",\"datePublished\":\"2020-05-05T10:42:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\"},\"wordCount\":389,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/05\\\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1\",\"keywords\":[\"Abhijit Banerjee\",\"abhijit banerjee with rahul gandhi on conference\",\"stimulus package.\"],\"articleSection\":[\"Corporate Law News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\",\"name\":\"India should put in large enough stimulus package to revive demand: Abhijit Banerjee. - Legal News India - Supreme Court &amp; High Court Updates\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/05\\\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1\",\"datePublished\":\"2020-05-05T10:42:48+00:00\",\"description\":\"India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/05\\\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/05\\\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1\",\"width\":276,\"height\":183},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Corporate Law News\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/category\\\/corporate-law-news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"India should put in large enough stimulus package to revive demand: Abhijit Banerjee.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"name\":\"Legal News India - Supreme Court & High Court Updates\",\"description\":\"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\",\"name\":\"Legal News India: Supreme Court, High Courts & Govt Updates\",\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"Legal News India: Supreme Court, High Courts & Govt Updates\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India should put in large enough stimulus package to revive demand: Abhijit Banerjee. - Legal News India - Supreme Court &amp; High Court Updates","description":"India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee","og_locale":"en_US","og_type":"article","og_title":"India should put in large enough stimulus package to revive demand: Abhijit Banerjee. - Legal News India - Supreme Court &amp; High Court Updates","og_description":"India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","og_url":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee","og_site_name":"Legal News India - Supreme Court &amp; High Court Updates","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2020-05-05T10:42:48+00:00","og_image":[{"width":276,"height":183,"url":"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"India should put in large enough stimulus package to revive demand: Abhijit Banerjee.","datePublished":"2020-05-05T10:42:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee"},"wordCount":389,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1","keywords":["Abhijit Banerjee","abhijit banerjee with rahul gandhi on conference","stimulus package."],"articleSection":["Corporate Law News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee","url":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee","name":"India should put in large enough stimulus package to revive demand: Abhijit Banerjee. - Legal News India - Supreme Court &amp; High Court Updates","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1","datePublished":"2020-05-05T10:42:48+00:00","description":"India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#primaryimage","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1","width":276,"height":183},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/news\/india-should-put-in-large-enough-stimulus-package-to-revive-demand-abhijit-banerjee#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/news\/"},{"@type":"ListItem","position":2,"name":"Corporate Law News","item":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},{"@type":"ListItem","position":3,"name":"India should put in large enough stimulus package to revive demand: Abhijit Banerjee."}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/news\/#website","url":"https:\/\/www.legalindia.com\/news\/","name":"Legal News India - Supreme Court & High Court Updates","description":"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"alternateName":"Legal News India for Advocates, Lawyers & Law Students","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/news\/#organization","name":"Legal News India: Supreme Court, High Courts & Govt Updates","alternateName":"Legal News India for Advocates, Lawyers & Law Students","url":"https:\/\/www.legalindia.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"Legal News India: Supreme Court, High Courts & Govt Updates"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/news\/author\/legal-india-admin"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2020\/05\/Abhijit-Banerjee.jpg?fit=276%2C183&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":20302,"url":"https:\/\/www.legalindia.com\/news\/mamata-banerjee-a-study-in-contrast","url_meta":{"origin":59536,"position":0},"title":"Mamata Banerjee: A study in contrast","author":"Legal India Admin","date":"May 20, 2012","format":false,"excerpt":"Mamata Banerjee's car still stops at all traffic signals, she still lives in a single-storey house in a dingy lane, and wears her trademark cotton saris and rubber slippers. But professors get arrested for circulating her cartoons and for supporting slum dwellers, she loses her cool over uncomfortable questions and\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56709,"url":"https:\/\/www.legalindia.com\/news\/court-summons-mamatas-nephew","url_meta":{"origin":59536,"position":1},"title":"Court summons Mamata\u2019s nephew","author":"Legal India Admin","date":"July 12, 2019","format":false,"excerpt":"Additional Chief Metropolitan Magistrate (ACMM) Samar Vishal was hearing a plea filed by an advocate Sarthak Chaturvedi, who has accused Banerjee of filing a false affidavit about his educational qualification during the recent elections. He claimed that Banerjee has misrepresented & falsely stated his qualification as an MBA graduate. Earlier,\u2026","rel":"","context":"In &quot;Bar, Bench &amp; Firm News&quot;","block_context":{"text":"Bar, Bench &amp; Firm News","link":"https:\/\/www.legalindia.com\/news\/category\/bar-bench-firm-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-100.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":28965,"url":"https:\/\/www.legalindia.com\/news\/narayanan-backs-state-poll-panel-for-moving-supreme-court","url_meta":{"origin":59536,"position":2},"title":"Narayanan backs state poll panel for moving Supreme Court","author":"Legal India Admin","date":"June 28, 2013","format":false,"excerpt":"West Bengal Governor M.K. Narayanan Thursday backed the State Election Commission\u2019s decision to move the Supreme Court seeking adequate security for holding the panchayat elections. \u201cit is a step in the right direction,\u201d Narayanan told media persons here. \u201cThe need now is to find some way to hold the elections.\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4595,"url":"https:\/\/www.legalindia.com\/news\/the-womens-bill-was-worth-the-risk-says-sonia","url_meta":{"origin":59536,"position":3},"title":"The women&#8217;s bill was worth the risk, says Sonia","author":"Legal India Admin","date":"March 10, 2010","format":false,"excerpt":"'I am very happy,' Congress president Sonia Gandhi declared Tuesday after the Rajya Sabha passed the women's bill to reserve a third of seats in all legislatures for women, adding the 'larger picture' of women's empowerment was worth the political risk that the ruling coalition had taken. Speaking to NDTV's\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18624,"url":"https:\/\/www.legalindia.com\/news\/court-appoints-provisional-liquidator-for-dunlop-india","url_meta":{"origin":59536,"position":4},"title":"Court appoints provisional liquidator for Dunlop India","author":"Legal India Admin","date":"March 27, 2012","format":false,"excerpt":"The Calcutta high court on Monday appointed a provisional liquidator to take charge of the assets of Dunlop India Ltd (DIL). This effectively means that chairman Pawan Ruia or the company's board of directors won't be allowed to transfer property from the company till the court hears out the dozen-odd\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53810,"url":"https:\/\/www.legalindia.com\/news\/attempt-made-to-influence-me-justices-indira-banerjee","url_meta":{"origin":59536,"position":5},"title":"Attempt made to influence me: Justices Indira Banerjee","author":"Legal India Admin","date":"September 3, 2018","format":false,"excerpt":"NEW DELHI:\u00a0Supreme Court judge Justice Indira Banerjee\u00a0surprised everyone by saying that an attempt made\u00a0\u00a0her to pressure and influence the hotel Royal Plaza case.\u00a0This incident took place when\u00a0a bench comprising justices Arun Mishra and Banerjee was hearing a matter on August 30 in court number 8 when the revelation was made.\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/09\/64459734-1.jpg?fit=400%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-fug","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/59536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=59536"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/59536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/59549"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=59536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=59536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=59536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}