Srinagar, May 14: Reacting sharply on contumelious hoodwinking of common masses in the name of a financial assistance package, Awami Itehad Party lashed out at Modi Government for playing a cruel joke on the miseries of people across strata . To start with package includes liquidity infusions by the RBI along with Rs 1.7 lakh crore package announced on March 27. RBI liquidity infusion in the package itself amounts to nearly Rs 9.75 crores which leaves Modi’s package at only 10.25 crores. Of which there is 3 lakh crore collateral free loan scheme to MSME sector. On similar lines NFBC’s housing finance companies, micro-finance institutions are provided a ₹30,000 crore “credit scheme” by the Centre. US also has announced a special Covid-19 package to the tune of Rs 225 lakh crore ($3 trillion) but this amount is absolutely independent ,of what its Federal Reserve has announced. Experts including Ernst and Young’s chief policy advisor have estimated that the measures announced amount only to ₹5.94 lakh crore, although direct fiscal cost to the government in current year may not be more than Rs16,500 crore. Hence Modi’s claim that package amounts to nearly ten percent of India’s GDP is absolutely far from reality. Package announced by Modi even for the MSME Sector by any means cannot be termed as a stimulus package. It is in effect a survival package, to survive the lockdown and restart production. Can reduction in employee provident fund from 12% to 10%, extending deadline for income tax returns for financial year or relief in TCS and TDS be termed as a financial assistance package, even Bangladesh has better assistance package than Modi’s commented Party Spokesperson Sheeban Ashai. It is opprobrious through wretched technicalities,vicious wordplay people of India have been again taken for a ride by Modi and BJP. Awami Itehad Party strongly denounces such political subterfuge and condemns the loathsome politics of Modi and BJP. Party top brass impressed upon all opposition political parties irrespective of ideologies to use their good offices in ensuring actual assistance reaches poor and the needy, who need a helping hand the most in these testing times.