The second economic relief package announced by the Government is a much-needed step for the most vulnerable businesses from the impact of COVID-19’s economic fallout. The core theme remains providing cash for restarting as working capital. It also puts reforms (MSME definition) at the centre of growth that will help India position itself as a key destination for investment and long-term economic growth starting Q3-Q4 of this FY. We await additional sectoral announcements in the coming days, to complete the picture of Economic Package 2.0. Here is the summary of Day 1: