Fiscal Stimulus

China plans more fiscal stimulus as outlook darkens with rising Covid cases

China's local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps

India's Covid-19 fiscal stimulus was relatively small, say experts

With the latest round of repo rate hike by the Reserve Bank of India (RBI), all the pandemic rate cuts have now been reversed

Metal stocks rally as China considers $220 billion stimulus plan

The move was expected to bolster infrastructure spending in the world's second-largest economy, where stringent Covid-19 lockdowns have led to a slump in demand

US plans fresh Covid-19 stimulus; HK bans flights from eight nations

Biden, a Democrat, approved the $1.9 trillion "American Rescue Plan" in March 2021

Cash support to Covid-hit economy with fiscal consolidation in focus: Govt

Lower fiscal deficit during H1 implies that the economy is, slowly but surely, getting back on the rails, it said

View from the edge

The Union government is so fiscally ineffective that it can only spend an incremental 0.4 per cent of GDP on healthcare in a pandemic, against a global average of 1.2 per cent, writes Rathin Roy

The credit push

Relief package is well-intentioned but won't move the needle much

Do not politicise GST Council: Finance Minister Nirmala Sitharaman

The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman

Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more

Here are the best of Business Standard's opinion pieces for Wednesday

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

Govt expands credit lifeline for MSMEs amid second wave of Covid-19

Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government's guarantee cover of Rs 3 trillion.

The rural worry

Bharat is suffering on multiple counts

Best of BS Opinion: Accounting gains, games promoters play & more

Here are the best of Business Standard's opinion pieces for Friday

RBI says economic cost of second Covid-19 wave may be limited to Q1

Government must now step up expenditure to boost demand for private investment and consumption, said RBI

Govt assessing economic impact of second Covid wave for possible stimulus

The government has begun assessing the impact of the second wave of infections on different sectors and may look at providing support at an appropriate time to segments requiring fiscal help

India's fiscal response to Covid conservative, need large stimulus: Report

Bold measures will be required to emerge stronger from the crisis, said the report, 'State of Working India 2021: One Year of Covid-19,' released on Wednesday by Azim Premji University

Despite grim outlook, fiscal stimulus unlikely for India Inc this year

"The impact on GDP would not be significant due to lockdowns in some states and the estimates made in the Budget have been conservative," said another government official

Fresh, tailor-made stimulus package needed to fight second Covid wave

The impact of restrictions will be felt on retail loans-banks as well as NBFCs and HFCs

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