The IMF noted progress on a vaccine, but also said elevated asset prices point to a disconnect from the real economy and a potential threat to financial stability
"Our focus in the Congress, now in this lame duck, continues to be on Covid-19 relief. This is a red alert," Pelosi said at a press briefing
New York Fed President John Williams says a full recovery will have to wait for a vaccine, with the health crisis putting a "question mark" on the economy
This stimulus comprises production-linked incentives approved by the Cabinet on Wednesday for as many as 10 sectors
From Rs 1.2-trn stimulus package to boost growth, create jobs to private equity players hoping to better 2019 investments, here are top headlines this morning
The government increased the budget allocation towards the PMAY by over three times to Rs 26,000 crore, from the present Rs 8,000 crore in FY21
The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation
So far, 811 export contracts, aggregating to $10.50 billion are being financed under LoCs
The industry body said it appreciates the proactive role being played by the government
For homebuyers, it is a clear added financial benefit to round off the existing offers and discounts
The income tax relief provides incentive to the middle class to buy homes
The grant does not cover the actual cost of vaccine and distribution expenses
FM Nirmala Sitharaman provided updates on status of previous announcements under Atmanirbhar Bharat initiative while annoncing new measures under its third instalment
An additional outlay of Rs 180 billion will be made toward an affordable urban housing program
An additional outlay of Rs 10,000 crore will be provided for PM Garib Kalyan Rozgar Yojana
Sources say after several rounds of discussion within ministries, the Centre has ruled out direct cash support
Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and other top officials will finalise the plan on Thursday
The Dow Jones Industrial Average .DJI rose 50.43 points, or 0.18%, at the open to 28,245.85.
RIL chairman Ambani says manufacturing has to be rethought and reinvented
Economists at SBI Research and Wall Street brokerage BofA Securities on Tuesday pegged fiscal deficit at elevated 9.5 per cent and 12.7 per cent of the GDP