$2 Trillion News

News

Govt to extend Emergency Credit Line Guarantee Scheme to individuals now

Individuals can avail themselves of ECLGS if they already had loans for business purposes and subject to condition that they fulfill eligibility criteriaThe finance ministry has increased the annual turnover ceiling of companies that could avail loans under the scheme to ₹250 crore from ₹100 crore at present

1 min read1 Aug 2020
Industry

Over ₹3,800 crore disbursed under emergency credit line guarantee scheme: Govt

The collateral-free loans are expected to help MSMEs pay salaries, rent and with restocking expensesUnder the scheme, interest rates capped at 9.25% for banks and at 14% for non-banking financial companies

1 min read3 Jun 2020
News

Cabinet approves scheme to develop fisheries sector

The total estimated investment for the scheme is ₹20,050 crore, comprising the central government's share of ₹9,407 croreThe scheme aims to address the critical gaps in the fisheries sector, increase production and productivity at a sustained average annual growth rate of about 9%

1 min read20 May 2020
News

Economic package: Nirmala Sitharaman announces ₹1 trillion fund for farm entrepreneurs

The announcement comes after some states allowed procurement and trading of farm produce anywhere in the state without the need to go to wholesale marketsIt will benefit private agriculture entrepreneurs and startups which are looking to procure from farmers

1 min read15 May 2020
News

Govt promises labour reforms as RSS- affiliate BMS threatens nationwide protest

She said there is a sizeable regional disparity in wages and her government is looking to iron out this issue, and a national floor rate as part of the labour codes will take care of that

2 min read14 May 2020
News

₹20 trln package: Free food grains to 80 mln migrant workers for two months

Sitharaman said the idea is to ensure food supply to people who are not covered under the national food security law or under any state government schemes

2 min read14 May 2020
Money

How fiscal multiplier amplifies government stimulus

The extra money spent by the government becomes income of households. These households spend the income to unleash a second wave of stimulus and so on. This multiplicative effect is called the ‘fiscal multiplier’ and is captured by a mathematical formula.

1 min read13 May 2020
Market

Achhe din already here, thanks to statistics

With the new GDP numbers, the Central Statistics Office has confirmed our gut feeling the economy is doing better than last year

2 min read10 Feb 2015
Politics

New GDP measure puts India’s economy at $2.1 trillion

Indian economy seen to grow at 7.4% in current fiscal based on new method, estimated to be on par with China

6 min read10 Feb 2015

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