Page 4 - Economic Stimulus

Small fiscal stimulus in the second package amid festival seasons

Adds little to earlier Rs 20 trillion package, fiscal cost is modest against Rs two trillion in earlier one; PSE policy announced earlier yet to be detailed, farm bills enacted

Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report

The new schemes which will put an additional burden of Rs 40,000 crore on the government form 0.21 per cent of the GDP

Fiscally restrained govt tries new formula to boost festive consumer spend

The government will also give interest-free 50-year loans to the States for capital expenditure of Rs 12,000 crore

Top headlines: Govt announces Rs 73k cr stimulus, power returns to Mumbai

From Nirmala Sitharaman announcing schemes worth Rs 73,000 cr to boost consumer demand to FB appointing Sunil Abraham for tech policy, Business Standard brings you top headlines of the day

White House seeks limited relief bill, promises talks on broader stimulus

Federal Reserve officials have urged Congress to be aggressive in supporting the US economy

White House coronavirus aid offer is panned by Pelosi, Senate GOP

Pelosi said she is still hopeful that progress can be made toward a deal but it''s as clear as ever that GOP conservatives don''t want a deal on her terms

Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal

Govt's economic advisor stresses there is no demand-driven inflation yet in the economy

What would be the best stimulus?

The lockdown and its gradual lifting have shown that (a) people are happy with consuming less, and (b) GST revenue is back on track even without a consumption/demand stimulus

FM not averse to providing further economic stimulus, says source

Asserts that recent trends of economic recovery are testimony to government's intervention

Recovery patchy; stimulus at appropriate time: FM Nirmala Sitharaman

FM Sitharaman said the government has turned the crisis into an opportunity as directed by the prime minister and has brought in several systemic reforms

France to inject $49 bn in economic stimulus to soften Covid-19 blow

Finance Minister Bruno Le Maire said "we are convinced that France can recover, and quickly recover," following a Cabinet meeting

Stimulus to ease funding burden for India's weakest firms in Covid era

Yield premiums on 10-year rupee bonds ranked BBB have dropped about 80 basis points from an 11-year high in late March

India's troubled shadow lenders show signs of revival on stimulus

The sound health of shadow banks is vital because they form the backbone of the Indian economy in lending to a wide range of borrowers from small merchants to business giants

India's business outlook worsening, RBI may cut rates again: Reuters poll

Economy likely to contract this quarter and next and in this fiscal year as a whole, according to poll of 60 economists.

Central Bank has exhausted cap on exposure to NBFCs: Pallav Mohapatra

"We have financed the NBFCs and exhausted the exposure cap for the sector," MD & CEO of Central Bank Pallav Mohapatra said

Gold poised for best week in over 3 months on soft dollar, stimulus bets

Prices have risen more than 4% this week, putting gold on course for its longest winning streak since late 2011

Garib Kalyan Yojana to clear FCI's bulging stocks, but may hurt finances

FCI already had an outstanding unpaid loan of around Rs 254,000 crore from National Small Savings Fund (NSSF) as on March 31, 2020

Jobs for migrants in rural areas might need greater fund allocation

Experts say a large part of the Rs 50,000 cr earmarked spending under various schemes through front-loading of expenditure in the next 125 days would have anyway been incurred under current rules

Economists raise doubts over timing of economic revival after Covid-19

State Bank of India's chief economic advisor Soumya Kanti Ghosh said GDP for one quarter had been lost, amounting to Rs 40-50 trillion, due to the coronavirus crisis

Stimulus package so far only an interim announcement: RBI's Gurumurthy

Says Covid stort has not ended, wikl be able to assess total damage once disease is managed and then determine the kind of relief needed