Page 6 - Economic Stimulus

India may register recession in Q3 of this fiscal over Covid-19: Report

The country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package, it adds

Covid-19: Haryana's flower farmers seek relief package from govt for losses

The farmers say that flowers planted in the fields have withered, as the flower markets remain closed due to the lockdown, and they have incurred losses worth crores.

FM announces Rs 3 trn collateral free automatic loans for small businesses

Now a company can be MSME if the turnover is up to Rs 100 crore. Distinction between manufacturing and services MSMEs will be removed, she said

FM hikes FDI in defence production to 74%; ban on imports of some weapons

Items banned for imports can only be purchased from within the country, Sitharaman said

Poor, farm sector likely to be FM Nirmala Sitharaman's next focus

Some of the sectors which have been worst affected by the pandemic and the lockdown include hospitality, tourism, aviation, logistics, e-commerce, automobiles, manufacturing and others

India faces economic catastrophe, PMO can't handle it by itself: Rajan

Says PMO can't tackle crisis on its own, must consult opposition talent; questions the way some states propose to suspend labour laws and Centre's micro-management of states to undertake reforms

FinMin sanctions Rs 92,077 cr to states as devolution of central taxes

The Budget had projected the share of the states in taxes at Rs 7.84 trilllion for 2020-21.

Cash transfer is easier on paper than in reality: Expenditure Secy

In a Q&A, T V Somanathan says govt's actions aren't driven by any fear of a ratings downgrade; what migrants needed more than cash transfers is free food, which the Centre provided

Rs 90,000 cr discom package: Street anxious over impact on PFC and REC

While state government guarantee offers comfort, operational inefficiency may continue to impact debt servicing ability of electricity distributors, say experts; the two stocks are down 10-13 per cent

Interest rates charged by banks capped at 9.25% under MSME package

Interest rate ceiling for NBFCs loan at 12%; caps are much lower than the normal interest rates charged by these lenders

Top headlines: Domestic flights resume Monday, Ola lays off 1,400 staff

Business Standard brings to you a snapshot of events which made it to the headlines today

RBI may need to slash rates alongside providing fiscal stimulus: Economists

The only way to boost demand may be lowering interest rates to boost consumption, analysts said

Govt's Rs 2 trn package will provide limited benefits: Subhash Chandra Garg

Garg added that government support is about Rs one and a half to a quarter to two trillion, which is relatively smaller than it should have been

Govt extends deadline to fulfill contractual obligations by up to 6 months

It further said that the period of extension (three and six months) may be decided based on the specific circumstances of the case and the period for which performance was affected

Top headlines: FPIs rush to exit India; PSBs sanctioned Rs 6.45 trn loan

From PSBs sanctioning loans worth Rs 6.45 trn in two months of lockdown to govt's recent reforms, here are the top headlines of the day

Economic package won't fully offset negative impact of Covid-19: Moody's

While these measures will help ease asset risks for the financial sector, they will not fully offset the negative impact from the coronavirus outbreak, Moody's said

Coronavirus LIVE: Govt says India has done well as cases cross 100,000-mark

Coronavirus LIVE updates: Maharashtra cases at 33,053, Gujarat 11,746, 11,224, Delhi 10,054. Stay tuned with Business Standard for LIVE updates on Covid-19 cases and death toll across the world

S&P closes at 10-week high on vaccine hopes, stimulus pledge; Dow up 3.8%

Drugmaker Moderna Inc surged 19.96 per cent after the company said its experimental COVID-19 vaccine showed promising results in a small early-stage trial

Wall Street surges on hopes for stimulus, Covid-19 vaccine; Dow rises 3.2%

Investors have kept a close eye on vaccine programs of several drugmakers, cheering any positive development amid fears of a second wave of infections as governments start easing restrictions

Stimulus package: No fiscal excesses, but growth prospects remain dim

Are these measures going to be enough to tide over the crisis facing the economy at present? Let's take a Deep Dive with AKB to understand these and more