Page 2 - Fiscal Stimulus

President Joe Biden to join road show promoting economic relief plan

Biden is joining top messengers already crisscrossing the country to highlight the benefits of his massive COVID-19 rescue plan, in his case by promoting aid for small businesses

European Central Bank to step up pace of stimulus programme

The European Central Bank said Thursday it will step up its bond-buying stimulus in the coming months

Entire fiscal stimulus to be funded by borrowing, revenues: FM Sitharaman

The FM said taxpayers will not be charged even a single penny.

Wall Street's main indices open little changed after strong rally

Investors closely monitored the bond market as well as progress on the next round of fiscal stimulus

Fiscal stimulus fires up US consumer spending; inflation benign

WASHINGTON (Reuters) - U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth in the first quarter.

The reflation euphoria has a dark side for emerging markets

"If a particular allocation across the risky markets spectrum should be low confidence this year, it is the EM overweight," JPMorgan's John Normand wrote in a note to clients on Wednesday

Budget debate: We care for poor and respect wealth creators, says FM

Budget is the instrument for Atmanirbhar Bharat, says FM Nirmala Sitharaman

US consumer sentiment ebbs in February despite additional stimulus hopes

U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000

Gold prices jump 1% as dollar slides, hopes of fiscal stimulus grow

Spot gold was up 0.7% to $1,842.47 per ounce, after hitting its highest since Feb. 2 at $1,848.40 earlier in the session

Monetary policy will continue to have role in supporting fiscal stimulus

The MPC will keep the policy repo rate on hold, unanimously, despite the prospect of a drop in CPI inflation to 5 per cent in Q4 and then likely to average 4.5 per cent in FY22

BS Policy poll: Pause for sure, liquidity to be back in focus at RBI

The apex bank would still like to drain out some liquidity while managing yields through OMO or operation twist, to fend off inflation, especially when rate hikes seem distant

US: Fed policy makers, like lawmakers, split on need for more fiscal aid

The United States has been devastated by COVID-19, with more than 26 million Americans infected so far, and more than 441,000 dying in total

A call to print more money: Economic Survey sees a 'V-shaped recovery'

Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey

US: Democrats to 'act big' on $1.9 trillion aid; GOP wants plan split

Despite Biden's calls for unity, Democrats said stubbornly high unemployment numbers and battered US economy leave them unwilling to waste time courting Republican support that might not materialise

Stocks and futures dip on US fiscal-relief package timing; dollar up

A gauge of Asia-Pacific equities at one point slid the most in about two months, with shares in South Korea and China underperforming

Labour codes: Reform 2.0

Economic reforms require expending political capital by the governments, as the benefits of reforms are spread thin and become apparent only with a time lag

Biden stimulus plan could boost US output by 5% over three years: IMF

Gita Gopinath told a news conference the measures in the proposed package could add as much as 1.5% to US growth in 2021

Stimulus jitters dent Wall Street's early gains; Nasdaq, S&P at records

NEW YORK (Reuters) - Major U.S. averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still finished at record levels, as concerns over the timing and scope of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies.

Asian shares rise as US stimulus plans offset virus woes, delayed vaccines

Global equity markets have scaled record highs in recent days on bets Covid-19 vaccines will start to reduce the inflection rates worldwide and on a stronger US economic recovery under President Biden

'We can't wait:' Biden admin fights for $1.9 trillion Covid-19 relief plan

Lawmakers from both parties said they had agreed that getting the Covid-19 vaccine to Americans should be a priority