Tag: Stimulus package
13 Results
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India’s ‘mammoth’ COVID-19 package much smaller than it seems, says Fitch Solutions
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.
May 19, 2020 -
Sensex crashes 1069 points, Nifty50 ends at 8,823; financial stocks tumble
The relief package announcements appeared falling short of meeting market expectations on any demand side reforms.
May 18, 2020 -
Union Ministers to Chief Minsters: Reactions on third tranche of govt’s Rs 20 lakh crore stimulus package
In her announcement, the Finance Minister told that the government will amend the Essential Commodities Act to enable better price for farmers.
May 15, 2020 -
Govt’s stimulus package will dent the fiscal deficit by Rs 1.29 lakh cr: SBI Report
The Centre and States should, however, work in tandem to achieve these objectives within the mandate of overall labour welfare, the report stressed.
May 15, 2020 -
Indian govt have so far announced measures of over Rs 15 lakh crore, says Barclays
Sitharaman on Wednesday announced, schemes worth Rs 5.94 lakh crore, which included Rs 3 lakh crore support to the MSMEs.
May 15, 2020 -
Fitch thinks stimulus isn’t enough with context to reopen economy
Fitch said the 100 per cent guarantee for MSME loans and farm support schemes were the two main highlights from the announcements.
May 15, 2020 -
Sensex ends 637 pts higher, Nifty closes at 9,383; banking stocks soar on Modi’s stimulus package
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.
May 13, 2020 -
Only 60pc of 20 lakh crore to be given as fresh support in India’s stimulus package: Report
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.
May 13, 2020 -
Latest stimulus package among largest in the world
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.
May 13, 2020 -
SAARC rolls out stimulus packages to tackle COVID-19 economic fallout
The SAARC countries have rolled out a raft of stimulus packages to boost investments, buffer private businesses and bolster growth in response to the COVID-19 pandemic that has affected the economic activity in a region inhabited by over 1.8 billion people. The World Bank recently warned that South Asia faces its worst economic performance in …
Continue reading "SAARC rolls out stimulus packages to tackle COVID-19 economic fallout"
April 26, 2020 -
Vulnerable India Inc supports lockdown extension, seeks stimuli to prepare post lockdown economy
1. The unprecedented health crisis followed by the lockdown has left a catastrophic impact on the Indian economy. 2. The poor people, primarily the daily wagers are the true victims of the lockdown. 3. The lockdown that came into effect on March 25 was to expire on midnight of April 14 and now it has been extended till May 3.
April 14, 2020 -
COVID-19 Crisis: CII suggests 2 per cent of GDP in fiscal stimuli package for FY21
As per the recommendations, the government should create a dashboard to monitor curves of various key cities and states.
April 8, 2020 -
COVID-19: Rishi Sunak faces criticism for ‘discriminatory’ package against self-employed workers
Following criticism that the self-employed were not receiving a similar level of support, the Treasury spent the weekend drawing up the new package.
March 23, 2020