Rs 23,000 in every person's account, the government plans a unique effort to bring GDP to one level – ..

Crown The pandemic has derailed the economy of big countries. Many countries are constantly trying to put the economy back on its feet. Thailand has made one such unique effort. Thailand’s Prime Minister Shretha Thavisin has said, ‘We are going to implement a ‘digital wallet’ scheme for the people. So those who register will get 10,000 baht (about Rs 23,000). People will have to spend it on buying local products. In the first phase, we will give money to 50 lakh citizens through this. Registration will start from August 1.
This scheme of the government is going to start from August. For this, every person will have to register only for ‘digital cash handouts’. They will start getting money from August. Its purpose is to give money to the people to spend, so that the country’s economy can improve. Let us tell you that during the Lok Sabha elections, Congress had promised to give money to the people every month in a similar way.
Shretha Thavisin’s party Pheu Thai has announced to provide ‘digital wallet’ during the election I promised . The government knows that this will increase the economic burden on the government treasury, but it believes that this will increase the GDP by 1.2 to 1.6 percent. Thailand’s Deputy Finance Minister said that this plan will cost about 450 billion baht. For this of the budget Arrangements have been made. Those people and shopkeepers who had cheated to take advantage of this scheme last time will not get the benefit of this scheme.
These are the terms and conditionsIt is not that you can spend this money wherever you want. There will be some limits on spending it. It is possible that you will not be able to use it for fuel, any kind of service and online shopping. The Deputy Finance Minister said, we will make the list public next week.
The wallet will only be available to people aged 16 years and above.Initially it was said that this wallet would be available only to people aged 16 years and above. But later it was said that no one would be given the benefit of this scheme. To avail this benefit, the annual income should be less than 840,000 baht i.e. around Rs 19.40 lakh. Thailand’s economy is faltering. This month the World Bank estimated that Thailand’s GDP would grow by only 2.4% in 2024.