Economic Stimulus News

News

Govt suggests more boosters on the anvil

Centre signals intent to steady the economy amid a raging pandemic

1 min read14 Oct 2020
Politics

Congress slams Nirmala Sitharaman over economic stimulus announcements

The Congress leaders said that government employees already are entitled to leave travel concession (LTC) as part of their salaryThe Finance Minister just 'ordered government employees how to spend their own money and called it a stimulus for demand'

2 min read13 Oct 2020
Industry

Troubled India shadow lenders show signs of revival on stimulus measures

The government in mid-May announced 3 trillion rupees ($40 billion) of collateral-free loans to the nation’s small businesses 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

1 min read12 Aug 2020
News

Second round of stimulus must be well-timed, economists say

Policymakers are evaluating the gradual recovery in economic activity before rolling out a fresh packageHowever, industry representatives have urged govt to take immediate steps to boost consumption

2 min read27 Jul 2020
Opinion

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

4 min read19 May 2020
Opinion

Opinion | India Inc has reason to be disappointed

Reforms take time to pay dividends. The government’s loan guarantees and credit lines will do little to revive demand in the short-term. Indian companies are worried. Justifiably so

3 min read18 May 2020
News

‘It’s difficult to dole out cash to migrant workers with no data’

There is a lot of double standards in the ratings game. We live in a real world and we are aware of these double standards, says T.V. Somanathan, expenditure secretary in finance ministry

5 min read19 May 2020
Videos

‘Middle class still groping’: Corporate leader on Rs 20 lakh crore stimulus

With the Union government gradually revealing details of its economic stimulus, Sunil Alagh, MD, SKA Advisors, explained its possible impact on various sections of the economic pyramid. He also expressed his thoughts on whether the package fulfilled the expectations of India Inc. According to Alagh, while the package will provide relief, it focuses mainly on the supply side, while consumer sentiment needs a commensurate push. The former MD and CEO of Britannia said that these are 'drastic times' and 'incremental steps' are not enough. Watch the full video for more.

16 May 2020
News

Govt ends monopoly over coal, allows commercial mining on revenue-sharing basis

Revenue sharing mechanism instead of regime of fixed rupees/tonne will be offered for commercial mining of coal, says FM ₹50,000 cr to be spent by govt for evacuation of mined coal, announced Sitharaman

2 min read16 May 2020
News

Govt defends move to combine fiscal, monetary measures in stimulus package

Nirmala Sitharaman on Friday responded to criticism that the economic stimulus has so far been a spate of liquidity measures while the country needs govt spending to boost demand

2 min read15 May 2020
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