Stimulus Package

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Stimulus Package - Total results - 86
Nirmala Sitharaman announces Rs 2.65 lakh crore Atmanirbhar Bharat package to incentivise job creation, boost real estate
Business

Nirmala Sitharaman announces Rs 2.65 lakh crore Atmanirbhar Bharat package to incentivise job creation, boost real estate

The finance minister also announced a credit guarantee support scheme for the health care sector and 26 sectors stressed due to COVID-19 as well as a Production Linked Incentive (PLI) worth Rs 1.46 lakh crore for 10 champion sectors

FM Nirmala Sitharaman Press Conference Updates: EPFO subsidy, tax relief for home buyers among 12 measures in Stimulus 2.0
Business

FM Nirmala Sitharaman Press Conference Updates: EPFO subsidy, tax relief for home buyers among 12 measures in Stimulus 2.0

FM Nirmala Sitharaman Press Conference LATEST Updates: Nirmala Sitharaman said at the presser an additional outlay of Rs 10,000 has been announced for the PM Garib Kalyan Rozgar Yojana. She said that Rs 73,504 crore has already been spent from the current outlay of Rs 1 lakh crore

Stock Market Latest Updates: Sensex gains over 800 points, Nifty above 9,800-mark; Bajaj Finance top gainer, jumps over 10%
Business

Stock Market Latest Updates: Sensex gains over 800 points, Nifty above 9,800-mark; Bajaj Finance top gainer, jumps over 10%

Stock Market Latest Updates: Sensex gains over 800 points, Nifty above 9,800-mark; Bajaj Finance top gainer, jumps over 10%

S&P projects economy to contract 5% in current fiscal; says lockdown was longer than expected, will slow overall recovery
Business

S&P projects economy to contract 5% in current fiscal; says lockdown was longer than expected, will slow overall recovery

S&P Global Ratings on Thursday forecast Indian economy to contract 5 percent in the current fiscal as the lockdown imposed to contain COVID-19 pandemic has curtailed economic activity severely.

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's
Business

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's

Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity

Govt stimulus package does not address immediate concerns of healthcare system: Fitch Solutions
Business

Govt stimulus package does not address immediate concerns of healthcare system: Fitch Solutions

Fitch Solutions has said that the latest stimulus package does not address immediate concerns of the healthcare system which is reeling under the pressure of COVID-19 pandemic

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
Business

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs

The government has notified amendments to General Financial Rules (GFR) to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs

Coronavirus economic stimulus package: Cabinet approves Rs 20,050 cr scheme for fisheries sector
Business

Coronavirus economic stimulus package: Cabinet approves Rs 20,050 cr scheme for fisheries sector

The Cabinet on Wednesday approved a scheme to bring about a blue revolution through sustainable and responsible development of the fisheries sector with a total estimated investment of Rs 20,050 crore in the next five years

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate
Business

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate

The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis

RBI board member Satish Marathe says stimulus package fails to involve banks as frontline warriors in economic revival
Business

RBI board member Satish Marathe says stimulus package fails to involve banks as frontline warriors in economic revival

The stimulus package announced by Finance Minister Nirmala Sitharaman "fails to involve" banks in the economic revival process, a member of the Reserve Bank of India's central board said on Wednesday

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings
Business

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings

Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key

Coronavirus Lockdown: CAIT urges govt to reconsider economic package, says traders let down by exclusion
Business

Coronavirus Lockdown: CAIT urges govt to reconsider economic package, says traders let down by exclusion

Industry body CAIT has urged the government to reconsider the economic package and announce measures to support traders, saying the community feels let down for exclusion from the Rs 20 lakh crore stimulus to aid the economy reeling from the COVID-19 crisis

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari
Business

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari

Days after changing the definition of MSMEs, the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to Rs 50 crore and Rs 200 crore respectively, Union Minister Nitin Gadkari said on Tuesday

Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's
Business

Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's

Moody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak

Congress claims Rs 20 lakh cr stimulus package announced by Narendra Modi only 1% of GDP, not 10%
Business

Congress claims Rs 20 lakh cr stimulus package announced by Narendra Modi only 1% of GDP, not 10%

Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.

Stimulus package impact: Fiscal deficit of Centre, states likely to be at 12% of GDP, says DBS Bank
Business

Stimulus package impact: Fiscal deficit of Centre, states likely to be at 12% of GDP, says DBS Bank

The combined fiscal deficit of the Centre and states will top 12 percent of the GDP because of the recent economy-boosting measures, and higher borrowings by States to meet COVID-19 exigencies, says a report

Rupee slips 33 paise at 75.91 on concerns over rise in crude prices, weak domestic equities; stimulus fails to cheer investors
Business

Rupee slips 33 paise at 75.91 on concerns over rise in crude prices, weak domestic equities; stimulus fails to cheer investors

The rupee plummeted by 33 paise to close at 75.91 against the US dollar on Monday, tracking weak domestic equities and foreign fund outflows

Coronavirus Outbreak: Govt's fiscal stimulus package 'hopelessly inadequate', says P Chidambaram
Business

Coronavirus Outbreak: Govt's fiscal stimulus package 'hopelessly inadequate', says P Chidambaram

The Congress on Monday said the fiscal stimulus package announced by the government is "hopelessly inadequate" given the gravity of the economic crisis as it amounts to only Rs 1.86 crore, which is 0.91 percent of the GDP

Coronavirus Outbreak: Govt’s economic stimulus package won't stop GDP from contracting in FY21, say analysts
Business

Coronavirus Outbreak: Govt’s economic stimulus package won't stop GDP from contracting in FY21, say analysts

The government’s reform moves and stimulus package will only help the deeply-impacted growth process in the medium term of over three years and will not push up the GDP in the short term, analysts at two foreign brokerages said on Monday

Nirmala Sitharaman's economic package: Measures announced by govt to positively impact start-up ecosystem, says IAN
Business

Nirmala Sitharaman's economic package: Measures announced by govt to positively impact start-up ecosystem, says IAN

The slew of booster measures by the government will "positively impact" start-ups in the country, especially in sectors like social infrastructure, atomic energy and space exploration, by providing these fledgling organisations with a larger playing field and improving ease of business, according to Indian Angel Network