Coronavirus package | Nirmala Sitharaman announces major stimulus package for MSMEs
4 years, 7 months ago

Coronavirus package | Nirmala Sitharaman announces major stimulus package for MSMEs

The Hindu  

Union Finance Minister Nirmala Sitharaman on Wednesday announced a ₹3 lakh crore collateral free loan scheme for businesses, especially micro, small and medium enterprises, as part of a ₹20-lakh-crore economic stimulus package to deal with the COVID-19 pandemic. Srivastava estimated that the measures announced on Wednesday amounted to ₹5.94 lakh crore, which include both liquidity financing measures and credit guarantees, although the direct fiscal cost to the government in the current financial year may only be ₹16,500 crore. ‘Supply side measures’ “A clear feature of today’s announcement is that most of these are basically supply side measures, aimed at activating businesses in the MSME, real estate, NBFC sectors,” said Dr. Srivastava, who is also a member of the Advisory Council to the 15th Finance Commission. EPF support Employee Provident Fund support, provided to low-income organised workers in small units under the PMGKY is being extended for another three months and is expected to provide liquidity relief of ₹2,500 crore.

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History of this topic

Centre approves Rs 23,123 cr emergency response package to fight Covid-19
3 years, 6 months ago

Centre approves Rs 23,123 cr emergency response package to fight Covid-19

India Today  

The central government on Thursday approved a Rs 23,000 crore relief package for combating Covid-19 and dealing with issues which occurred during the second wave. Addressing the media after the first Cabinet meeting following the reshuffle, newly appointed health minister Mansukh Mandaviya said the Centre would provide Rs 15,000 crore and states Rs 8,000 crore and the plan would be …

Will fresh Covid stimulus package boost Indian economy? Here's what economists say
3 years, 6 months ago

Will fresh Covid stimulus package boost Indian economy? Here's what economists say

India Today  

Finance Minister Nirmala Sitharaman on Monday announced several financial measures to boost the economy that has been battered by the Covid-19 pandemic. Read | Finance Minister Sitharaman's Rs 6.28 lakh crore Covid stimulus package | 8 announcements WHAT EXPERTS FEEL ABOUT STIMULUS PACKAGE Industry leaders and economists are not fully convinced that the fresh economic relief measures announced by the …

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights
3 years, 6 months ago

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights

Firstpost  

Nirmala Sitharaman press latest news: conference Key highlights: Today finance minister has announced, From Rs 23,220 cr for public health to free 5 lakh tourist visas, FM announces 8 major relief measures to boost COVID-affected sectors Addressing a press conference on Monday, Union finance minister Nirmala Sitharaman announced a slew of relief measures including an Rs 1.1 lakh crore loan …

Amid COVID, Rs 50,000 Cr Relief for Health Sector: FM Sitharaman
3 years, 6 months ago

Amid COVID, Rs 50,000 Cr Relief for Health Sector: FM Sitharaman

The Quint  

The FM announced eight economic relief measures amounting to Rs 6,28,993 crore on Monday, out of which four are new and one is specific to health infrastructure. Schemes for scaling of existing relief measure such as the Emergency Credit Line Guarantee Scheme and support for state governments were also revealed, along with four new measures focused on providing loans to …

Centre Working on a New Stimulus Package to Combat Second Wave of Coronavirus: Report
3 years, 8 months ago

Centre Working on a New Stimulus Package to Combat Second Wave of Coronavirus: Report

News 18  

In order to deal with the second wave of coronavirus and localised lockdowns, the Centre is likely to announce a stimulus package. In order to combat the first wave, Finance Minister Nirmala Sitharaman had last year announced a Rs 20 lakh crore package in five tranches, which included Rs 3.70 lakh crore support for MSMEs, Rs 75,000 crore for NBFCs …

Centre rolls out ₹1.19 lakh-crore stimulus package
4 years, 1 month ago

Centre rolls out ₹1.19 lakh-crore stimulus package

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic. Atma Nirbhar Bharat Abhiyan 3.0 | An attempt to suppress RBI’s gloomy forecast: Congress MGNREGA boost To spur rural …

India announces $35 billion economic stimulus package
4 years, 1 month ago

India announces $35 billion economic stimulus package

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India’s finance minister on Thursday …

India needs ₹ 50-60 lakh crore foreign investments to bolster coronavirus-hit economy: Gadkari
4 years, 6 months ago

India needs ₹ 50-60 lakh crore foreign investments to bolster coronavirus-hit economy: Gadkari

The Hindu  

India needs foreign direct investments worth ₹ 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of coronavirus-hit economy, according to Union minister Nitin Gadkari. ₹ 50-60 lakh crore foreign investment is needed in the country under present circumstances to boost the economy,” the Road …

CEA K Subramanian sees V-shaped recovery if coronavirus is contained
4 years, 6 months ago

CEA K Subramanian sees V-shaped recovery if coronavirus is contained

Live Mint  

India’s top economic adviser said a V-shaped recovery for the economy is possible this year, provided a vaccine is found to contain the Covid-19 pandemic. “The recovery will happen after that uncertainty from the health side is taken care of,” Krishnamurthy Subramanian, the chief economic adviser to the finance minister, said in an interview at the Bloomberg Invest Global virtual …

Coronavirus: Govt's relief package puts India on slow lane as demand plummets
4 years, 7 months ago

Coronavirus: Govt's relief package puts India on slow lane as demand plummets

India Today  

As several countries around the world restart economic activities amid a trail of devastation left by the coronavirus pandemic, India continues to struggle both financially and in terms of rising cases. They also fear that India's economic recovery could be much slower as a bulk of revival plan focuses on boosting credit availability without offering clear-cut measures to support immediate …

It’s only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur
4 years, 7 months ago

It’s only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur

Live Mint  

The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India ‘Atmanirbhar Bharat’, Minister of State for Finance Anurag Thakur said. Only this Sunday, he said, the government on the direction of Prime Minister Narendra Modi announced a comprehensive economic …

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate
4 years, 7 months ago

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

Firstpost  

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 for the MSME sector hit hard by the coronavirus crisis New Delhi: The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional …

E-Conclave Jumpstart India: Top economists decode Rs 20 lakh crore coronavirus relief package
4 years, 7 months ago

E-Conclave Jumpstart India: Top economists decode Rs 20 lakh crore coronavirus relief package

India Today  

In a bid to give a helping hand to the battered Indian economy, Prime Minister Narendra Modi had announced Rs 20 lakh crore special Covid-19 package in his address to the nation on May 12. Over the next five days, Union Finance Minister Nirmala Sitharaman provided details of the Covid-19 package ending up with measures worth Rs 21 lakh crore …

Govt's relief package unlikely to soften coronavirus blow; demand equation missing
4 years, 7 months ago

Govt's relief package unlikely to soften coronavirus blow; demand equation missing

India Today  

India’s $266 billion economic rescue package rests mostly on boosting company credit but contains scant new public spending, tax breaks or cash support to revive demand and prevent firms from collapsing, business leaders and economists say. “We are creating all sorts of liquidity for supply, but what about the demand,” said Kiran Mazumdar Shaw, chairperson of Biocon Limited, one of …

A matter of relief: On economic stimulus package
4 years, 7 months ago

A matter of relief: On economic stimulus package

The Hindu  

With the announcement of the final tranche of Atmanirbhar Bharat Abhiyan, the COVID-19 relief package, a pattern to the government’s approach is visible. And that is to give a strong supply-side push by boosting availability of capital on easy terms, keep income and wage support schemes to the minimum, empower constituencies ranging from farmers and workers to businesses, and finally, …

Coronavirus package | Centre throws open all sectors to private players
4 years, 7 months ago

Coronavirus package | Centre throws open all sectors to private players

The Hindu  

The Centre has agreed to demands from States to hike their borrowing limits from 3% to 5% of their GDP in light of the COVID-19 crisis, but on the condition that they implement specific reforms. The fifth and final tranche of the Atmanirbhar Bharat Abhiyan stimulus package, announced by Finance Minister Nirmala Sitharaman on Sunday, also included an additional ₹40,000 …

Coronavirus lockdown | Fifth tranche of economic package focusses on reforms, says Nirmala Sitharaman
4 years, 7 months ago

Coronavirus lockdown | Fifth tranche of economic package focusses on reforms, says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Sunday said reforms will be the focus of the fifth and final tranche of economic stimulus package to deal with the economic fallout of the COVID-19 pandemic. “Further, 0.50 per cent if milestones are achieved in at least three out of four reform areas.” Stimulus package includes ₹8 lakh cr liquidity measures by RBI Ms. …

Centre announces all 5 tranches of Atmanirbhar Bharat stimulus package | Here's the break-up
4 years, 7 months ago

Centre announces all 5 tranches of Atmanirbhar Bharat stimulus package | Here's the break-up

India Today  

The Union Finance Ministry on Sunday announced the fifth and the final tranche of the Rs 20 lakh crore Atmanirbhar Bharat stimulus package. The final tranche mainly allocated an additional Rs 40,000 crore to the Mahatma Gandhi National Rural Employment budget estimate to ensure that migrants do not face unemployed amid the nationwide lockdown, and a viability gap funding of …

Coronavirus package | What are the measures announced by the government to deal with the farm crisis?
4 years, 7 months ago

Coronavirus package | What are the measures announced by the government to deal with the farm crisis?

The Hindu  

The story so far: With mandi closures and supply chain disruptions causing havoc in agricultural marketing, the COVID-19 pandemic has put a spotlight on some of the critical infrastructure gaps and long-pending governance issues that plague the farm sector. The third tranche announced on Friday focused on long-term issues in the agricultural sector, by promising financing to strengthen infrastructure, build …

Coronavirus package | How will the COVID-19 relief for MSMEs help?
4 years, 7 months ago

Coronavirus package | How will the COVID-19 relief for MSMEs help?

The Hindu  

The story so far: In his address to the nation, his third, on May 12, Prime Minister Narendra Modi announced a ₹20-lakh crore economic relief package titled Atmanirbhar Bharat Abhiyan. A total of ₹20,000 crore will be funnelled through the Credit Guarantee Fund Trust for Micro and Small Enterprises whereby banks will lend money to promoters which can be infused …

Atmanirbhar Bharat Abhiyan: Nirmala Sitharaman announces fourth tranche of economic package
4 years, 7 months ago

Atmanirbhar Bharat Abhiyan: Nirmala Sitharaman announces fourth tranche of economic package

Op India  

On Saturday, May 16, Finance Minister Nirmala Sitharaman announced the fourth tranche of Modi government’s “Atmanirbhar Bharat Abhiyan” package worth Rs 20 lakh crores to restart the economy following the coronavirus lockdown. Image Source: PIB Image Source: PIB Mining of minerals The sectoral reform for mining of minerals will boost growth, employment and bring state-of-the-art technology especially in exploration, said …

Nirmala Sitharaman press conference updates | Final tranche of stimulus package will be announced on Sunday at 11 am
4 years, 7 months ago

Nirmala Sitharaman press conference updates | Final tranche of stimulus package will be announced on Sunday at 11 am

The Hindu  

Union Finance Minister Nirmala Sitharaman's fourth tranche of economic package is largely devoted to policy and structural reforms in key sectors including power, coal, defence and aircraft MRO. Here are the live updates: 5.20 pm Union Finance Minister Nirmala Sitharaman concluded her press conference by saying "The final tranche of the stimulus package will be announced in an 11 am …

Coronavirus | Congress decries ‘empty package, wrapped in speeches for over three days’
4 years, 7 months ago

Coronavirus | Congress decries ‘empty package, wrapped in speeches for over three days’

The Hindu  

Finance Minister Nirmala Sitharaman displayed “arrogance, ignorance and insensitivity” while giving out details of the economic stimulus package that has turned out to be a jumla, the Congress said on Thursday. Full coverage on coronavirus While the party’s chief spokesperson Randeep Surjewala called the stimulus package a jumla, senior leader Ahmed Patel said, “It is an empty package wrapped with …

Coronavirus package | Migrant workers to get free foodgrains
4 years, 7 months ago

Coronavirus package | Migrant workers to get free foodgrains

The Hindu  

A major focus of the second tranche of the economic stimulus package announced by Union Finance Minister Nirmala Sitharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. Coronavirus package | Nirmala Sitharaman announces major stimulus package for MSMEs Quoting numbers from State governments, Ms. Sitharaman said there …

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE
4 years, 7 months ago

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE

India TV News  

Finance Minister Nirmala Sitharaman on Thursday addressed the media to give further details on Rs 20 lakh crore economic stimulius package announced by PM Modi during his Tuesday's televised address to the nation. Earlier on Wednesday, Sitharaman laid out details of Modi government's Rs 20 lakh crore economic stimulus package which included Rs 30,000 crore Special Liquidity Scheme for non-banking …

Opinion | Dissecting phase 1 of Atmanirbhar Bharat package
4 years, 7 months ago

Opinion | Dissecting phase 1 of Atmanirbhar Bharat package

Live Mint  

Tough times require tough decisions. Wednesday’s announcement by the finance minister is the first step of a responsible fiscal policy response and builds upon the Pradhan Mantri Garib Kalyan Package. With these measures, combined with the slogan of ‘become vocal for our local products’, purchase of MSME products in government procurement, benefits of new definition, market linkage and TDS measures, …

Equity infusion for MSMEs hailed
4 years, 7 months ago

Equity infusion for MSMEs hailed

The Hindu  

Investors from North Andhra, while hailing the ₹20 lakh-crore stimulus package announced by Prime Minister Narendra Modi, have welcomed the ₹50,000-crore equity infusion for the MSMEs through ‘fund of funds’. CII national council member Gunturu Sivakumar told The Hindu that the package, which was 10% of the GDP, was a very good initiative that laid emphasis on local manufacturing and …

Coronavirus | PM CARES makes first allocations
4 years, 7 months ago

Coronavirus | PM CARES makes first allocations

The Hindu  

The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund, better known as PM CARES, will allocate ₹3,100 crore to COVID-19 relief, including funds for ventilators, migrant workers and vaccine development, according to an official statement from the Prime Minister's Office on May 13 evening. In order to augment the health infrastructure needed to tackle the pandemic, the PM …

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
4 years, 7 months ago

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

Firstpost  

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman’s first package of details to flesh out Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus More funds to fuel business. There is plenty to celebrate for small and medium scale businesses and other entities covered under Finance Minister Nirmala Sitharaman’s first package of details to flesh out …

Coronavirus | BRICS’ New Development Bank provides $1 billion loan to India to fight COVID-19
4 years, 7 months ago

Coronavirus | BRICS’ New Development Bank provides $1 billion loan to India to fight COVID-19

The Hindu  

The New Development Bank of the BRICS countries has fully disbursed $1 billion emergency assistance loan to India to help it contain the spread of COVID-19 and reduce human, social and economic losses caused by the coronavirus pandemic. Coronavirus lockdown | Narendra Modi announces ₹20-lakh-crore economic stimulus package The Shanghai-based New Development Bank was established by the BRICS countries in …

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus
4 years, 7 months ago

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus

ABP News  

New Delhi: First in the series of press briefings over Prime Minister Narendra Modi's mega 'Atmanirbhar Bharat Abhiyan', Finance Minister Nirmala Sitharam on Wednesday unveiled the details of the special economic package worth Rs 20 lakh crore. For MSMEs needing handholding, Government announced Rs 50,000 crore Fund of Funds through mother fund - daughter fund to expand their capacity and …

Nirmala Sitharaman announces revised definition of MSME. Here is what it means
4 years, 7 months ago

Nirmala Sitharaman announces revised definition of MSME. Here is what it means

India TV News  

Finance Minister Nirmala Sitharaman on Wednesday announced an economic relief package amid nationwide coronavirus lockdown in which her prime focus was on to save jobs in the MSME sector and help it to get back on track. In the press briefing, Sitharaman prescribed a new definition for MSME companies, which was a long-pending demand, so that more number of companies …

At 10% of GDP, Modi’s ’self-reliant India’ mission ranks among biggest in world
4 years, 7 months ago

At 10% of GDP, Modi’s ’self-reliant India’ mission ranks among biggest in world

Live Mint  

New Delhi: Prime Minister Narendra Modi's pledge of a total spending of ₹20 lakh crore to weather the fallout of coronavirus pandemic is among the largest economic stimulus package announced by nations around the world. Modi's Atma-nirbhar Bharat Abhiyan or Self-reliant India Mission is about 10 per cent of India's GDP in 2019-20 and would rank behind Japan, the US, …

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs
4 years, 7 months ago

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs

India TV News  

As the country battles coronavirus pandemic, Finance Minister Nirmala Sitharaman has announced Rs 3 lakh crores collateral-free automatic loans for Micro Small Medium Enterprises sector. Her press conference came a day after PM Narendra Modi announced stimulus package of Rs 20 lakh crore to rejuvenate Indian economy battered badly due to coronavirus pandemic. Check out details of the announcement made …

Nirmala Sitharaman press conference on economic package | Top announcements
4 years, 7 months ago

Nirmala Sitharaman press conference on economic package | Top announcements

India TV News  

Finance Minister Nirmala Sitharaman's on Wednesday shared the details of the Rs. 20 Lakh crore economic relief package- equivalent to 10 per cent of India's GDP -- announced by Prime Minister Narendra Modi to soften and to support the economy badly hit by the 50-day lockdown to fight the spread of coronavirus. Sitharaman's press conference comes a day after Prime …

Economic package likely to include tax-paying middle class
4 years, 7 months ago

Economic package likely to include tax-paying middle class

India TV News  

The Rs 20 lakh crore package announced by Prime Minister Narendra Modi may have something for the tax-paying middle class as well, Finance Minister Nirmala Sitharaman indicated in her tweet. "@PMOIndia ’s vision: #AatmanirbharBharat Abhiyan to include everyone-a hawker/street vendor, a trader, a MSME, an honest tax-paying middle class, a manufacturer etc. This shall not be just a financial package, …

Stimulus package 2.0: Nirmala Sitharaman details govt's plan to put money in people's pockets | Highlights
4 years, 7 months ago

Stimulus package 2.0: Nirmala Sitharaman details govt's plan to put money in people's pockets | Highlights

India Today  

Finance Minister Nirmala Sitharaman on Tuesday shared the partial details about the key stimulus package announced by PM Narendra Modi to revive the economy. "Thes provisions will help real estate industry destress and deliver projects in future," Finance Minister Nirmala SItharaman..@MoHUA_India will advise States/UTs and their Regulatory Authorities to extend the registration and completion date suo-moto by 6 months for …

India's Prime Minister Announces $260 Billion COVID-19 Rescue Package
4 years, 7 months ago

India's Prime Minister Announces $260 Billion COVID-19 Rescue Package

NPR  

India's Prime Minister Announces $260 Billion COVID-19 Rescue Package RACHEL MARTIN, HOST: Now to India where the death toll from the coronavirus has been low compared to the U.S. or Europe. LAUREN FRAYER, BYLINE: Prime Minister Narendra Modi says this additional relief money will bring the government's total coronavirus stimulus spending up to $266 billion. FRAYER: Modi said this new …

Coronavirus lockdown | Narendra Modi announces ₹20-lakh-crore economic stimulus package
4 years, 7 months ago

Coronavirus lockdown | Narendra Modi announces ₹20-lakh-crore economic stimulus package

The Hindu  

Prime Minister Narendra Modi on Tuesday said a new-look Lockdown 4.0 beyond May 17 was in the offing, while announcing an economic stimulus package for ₹20-lakh-crore, with a clearly defined leap towards economic reforms that will, in his words, lead to Atmanirbhar Bharat, or a self-reliant, resilient India. ‘Relook at systems’ Addressing the nation on television, Mr. Modi said the …

Coronavirus | Congress to wait for fine print of ₹20 lakh crore financial package
4 years, 7 months ago

Coronavirus | Congress to wait for fine print of ₹20 lakh crore financial package

The Hindu  

Moments after Prime Minister Narendra Modi announced a financial package along with the extension of lockdown in a new form on Tuesday, the Congress said it would wait for the details for a detailed response but slammed Mr. Modi for the ‘lack of empathy’ towards migrant workers. Full coverage on coronavirus While Congress chief spokesperson Randeep Surjewala said the nation …

Coronavirus Outbreak: Centre releases Rs 6,195 crore to 14 states as additional resources to fight virus’ impact; Kerala gets Rs 1,276 crore
4 years, 7 months ago

Coronavirus Outbreak: Centre releases Rs 6,195 crore to 14 states as additional resources to fight virus’ impact; Kerala gets Rs 1,276 crore

Firstpost  

The government on Monday released Rs 6,195.08 crore to 14 states as the second equated monthly instalment of the Post Devolution Revenue Deficit Grant New Delhi: The government on Monday released Rs 6,195.08 crore to 14 states as the second equated monthly instalment of the Post Devolution Revenue Deficit Grant as recommended by the Finance Commission. The grant had been …

India’s Modi announces $270bn coronavirus package: Live updates
4 years, 7 months ago

India’s Modi announces $270bn coronavirus package: Live updates

Al Jazeera  

India’s Prime Minister Narendra Modi unveils a $270bn stimulus package to boost the country’s battered economy after a weeks-long lockdown to curb the coronavirus pandemic. 19:50 GMT – Pence to ‘keep distance’ from Trump: White House US Vice President Mike Pence, whose press secretary tested positive for coronavirus, has decided to “keep his distance” from President Donald Trump for a …

Coronavirus | Citing COVID-19 spike, TN CM urges PM not to resume air, rail services till May 31
4 years, 7 months ago

Coronavirus | Citing COVID-19 spike, TN CM urges PM not to resume air, rail services till May 31

The Hindu  

Citing the increasing cases of COVID-19 in Tamil Nadu, Chief Minister Edappadi K Palaniswami on Monday urged Prime Minister not to resume regular air and rail services in the State till May 31. Referring to media reports on plans to resume regular train services to and from Chennai from Tuesday, he said, “As the positive cases in Chennai are showing …

Centre likely to announce financial relief package next week | All you need to know
4 years, 8 months ago

Centre likely to announce financial relief package next week | All you need to know

India Today  

The Union government is all set to announce a "financial relief package" to remedy the deepening economic crisis owing to the novel coronavirus outbreak and the triple-phased lockdown that followed. Centre to borrow more to fund relief package On Friday, the central government had indicated that the financial relief package will be funded through additional funding from the market. Substance …

Coronavirus Outbreak: Airports ground handling industry seeks stimulus to mitigate COVID-19 impact
4 years, 8 months ago

Coronavirus Outbreak: Airports ground handling industry seeks stimulus to mitigate COVID-19 impact

Firstpost  

Mumbai: Struggling in the face of the coronavirus outbreak, the domestic ground handling industry has sought stimulus package, including a moratorium on interest on borrowings, waivers on certain fixed costs and deferment of statutory taxes. The Rs 4,000-4,500 crore ground handling industry, which heavily depends on airline operations, has lost as much as 90 percent of the business amid suspension …

India needs a stimulus to offset covid impact: IMF
4 years, 8 months ago

India needs a stimulus to offset covid impact: IMF

Live Mint  

India should ease its fiscal stance and announce a stimulus package to guard against the sharp slowdown in economic growth and job losses expected from the nationwide lockdown, the International Monetary Fund said on Wednesday. “In India, the fiscal stance should be eased as needed to accommodate necessary increases in public health expenditure in response to the pandemic and shield …

India to get Rs 16,500 crore as coronavirus support package from Asian Development Bank
4 years, 9 months ago

India to get Rs 16,500 crore as coronavirus support package from Asian Development Bank

India TV News  

In times of crisis when the nation is fighting against coronavirus, the Asian Development Bank President Masatsugu Asakawa has assured USD 2.2 billion support to India in its fight against the COVID-19 pandemic. In a call, Asakawa commended the Indian government's decisive response to the pandemic, including a national health emergency program, tax and other relief measures provided to businesses …

Centre credits ₹500 each to over 4.07 crore women Jan Dhan account holders
4 years, 9 months ago

Centre credits ₹500 each to over 4.07 crore women Jan Dhan account holders

The Hindu  

The Centre credited the first instalment of ₹500 to over four crore Jan Dhan accounts of poor women on Friday as part of a relief package in view of the nationwide lockdown due to the coronavirus outbreak, the Rural Development Ministry said. Interactive map of confirmed coronavirus cases in India | State Helpline numbers The amount is being released by …

Coronavirus | RBI announces more measures to fight economic disruptions
4 years, 9 months ago

Coronavirus | RBI announces more measures to fight economic disruptions

The Hindu  

The Reserve Bank of India has announced more measures to fight economic disruptions caused by the Coronavirus, like extension of realisation period of export proceeds and allowing States to borrow more. "Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months …

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