Covid Package

Finance minister Nirmala Sitharaman. (Pradeep Gaur/Mint)
Finance Minister Nirmala Sitharaman (Photo: ANI)
The cabinet committee on economic affairs also cleared the rules for auctioning coal and lignite mines for sale of these commodities on a revenue sharing basis, a note said.
A file photo of a man using his Rupay debit card to pay for purchases at a store at Ibrahimpur. Photo: Yunus Y. Lasania/Mint
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Finance Minister Nirmala Sitharaman. (ANI)
Finance Minister Nirmala Sitharaman. (ANI)

'Govt to help migrants in coming back when industrial activities resume'

  • Nirmala Sitharaman said, Prime Minister Narendra Modi's vision of Atma Nirbhar Bharat is aimed at making Indian globally competitive
  • Sitharaman said a lot of companies have had queries from the workers to check if the lockdown is going to be lifted soon and when the production is likely to commence

Farmers have been finding it difficult to sell the harvest amid the curbs in the past few weeks. (Bloomberg)
Union finance minister says a lot more local job opportunities need to be created. (Photo: HT)
Union finance minister says a lot more local job opportunities need to be created. (Photo: HT)

I've done the best for India Inc: Sitharaman on stimulus package

  • Union finance minister defends lockdown and stimulus package, says government will not hesitate to take more steps to support Indian businesses
  • ‘The schemes are getting implemented, and people will have some money in their hands and start business again’

Leverage is measured as total assets to shareholders' equity. (Bloomberg)
Leverage is measured as total assets to shareholders' equity. (Bloomberg)

Stimulus package to provide relief for financial system: Moody's

  • Among the measures, the most significant is the government guaranteed, automatic and uncollateralised loans to micro, small and medium-sized enterprises (MSMEs)
  • Liquidity support to power distribution companies (Discoms) will improve near-term cash flows of power generating companies

Only a small pool of MSMEs will effectively be eligible for this working-capital facility: those that have existing loans. (Indranil Bhoumik/Mint)
(Photo: PTI)
(Photo: PTI)

Opinion | Solutions for the jigsaw puzzle that is Indian agriculture

There are many stylized facts that illustrate the shackles around Indian agriculture. Local solutions need to emerge, and the Centre should undo the shackles

nion Finance Minister Nirmala Sitharaman addresses a press conference, in New Delhi.. Union Minister of State for Finance Anurag Thakur is also seen (Photo: PTI)
nion Finance Minister Nirmala Sitharaman addresses a press conference, in New Delhi.. Union Minister of State for Finance Anurag Thakur is also seen (Photo: PTI)

Opinion | Has the government been much too cautious in providing relief?

It has tried to pull off a high-wire balancing act by initiating reforms while keeping expenses in check

(Photo: iStock)
Photo: AFP
Photo: Indranil Bhoumik/Mint
Photo: MintFirms have called for a GST cut, among other sops.mint
Photo: MintFirms have called for a GST cut, among other sops.mint

Lack of demand stimulus deflates auto biz

  • Automakers and dealers call for a GST cut, among other sops
  • Auto component makers say they are unlikely to gain much despite the avowed policy support to medium and small enterprises

Union Finance Minister Nirmala Sitharaman along with Union Minister of state for Finance Anurag Singh Thakur addresses a press conference while announcing the relief package amid the COVID-19 crisis, in New Delhi on Sunday. (ANI Photo)
Union Finance Minister Nirmala Sitharaman along with Union Minister of state for Finance Anurag Singh Thakur addresses a press conference while announcing the relief package amid the COVID-19 crisis, in New Delhi on Sunday. (ANI Photo)

Cash-strapped India's economic plan unlikely to soften coronavirus blow

  • The government has also provided no support to the tourism industry, which is likely to see tens of thousands of job cuts and small firms going bankrupt
  • A breakdown of the rescue plan shows that the actual spending of the government is only about a tenth of the $266 billion package

Expenditure secretary T.V. Somanathan (Photo: Mint)
Prime Minister Narendra Modi. (ANI)
Prime Minister Narendra Modi. (ANI)

Opinion | Atmanirbhar: The new mantra for rewiring India

The govt’s firm belief is that Indians know how to fish, but don’t have the means to do so

There is an element of systemic relief in the package; but the core of the package lies elsewhere. (Mint)
There is an element of systemic relief in the package; but the core of the package lies elsewhere. (Mint)

Opinion | Not a Rambo package, as the 20 trillion figure suggests

This package goes against the ‘underwriting culture’ of economic policy

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