Government support in the form of 12% employer and 12% employee contribution extended for another three months - June, July and August
PM Modi outlined a Rs 20-trillion which is 9.7 per cent of GDP support package, of which new allocations could only be 50-60 per cent of the offer
Overall, the government's measures to undertake changes on land, labour and laws and to provide liquidity appear large and should support sentiment
PM Modi said the Rs 20 trillion economic package was for the country's labourers, farmers, honest tax payers, MSMEs and cottage industries
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Higher borrowing, economy restarting has changed govt's earlier view of smaller measures
Demand raising working hours to 12 a day, leeway to units to work out the number of hands required, choice to migrants between a ticket back home and Rs 5,000 for staying behind
The selling was far less intense in India with foreign portfolio investors (FPIs) offloading shares worth only $400 million
Small businesses, farmers, women, poor, migrant workers and other marginalised sections are likely to benefit from the second stimulus
The prime minister had on April 14 extended the nationwide lockdown till May 3 to check the rapid spread of the respiratory illness
The project named 'India COVID-19 Emergency Response and Health System Preparedness Package' will be implemented in three phases
The S&P BSE Sensex slipped 1,310 points from the day's high to close marginally negative on Friday post the RBI's measures
Government is planning to provide a relief package of Rs 1.7 trillion to the underprivileged, poor and migrant workers
In a media briefing held through a video conference, Sitharaman also said that a larger economic package will be announced soon
Any emergency package must be carefully targeted
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The opinion pages set out some of the critical issues that policy-makers need to confront, says Kanika Datta
Lack of demand ails the economy. But that's not addressed, nor are declining exports; the bad old habit of 'loan melas' is back; and tax has been cut in a way that hurts states, writes T N Ninan
Entrepreneurship thrives only when there are opportunities, an environment without fear (as long as you are operating within the boundaries of law), and availability of finance
The FM also promised to accelerate the processes for GST refunds