Page 2 - Fiscal Stimulus
Entire fiscal stimulus to be funded by borrowing, revenues: FM Sitharaman
The FM said taxpayers will not be charged even a single penny.
 "Entire fiscal stimulus to be funded by borrowing, revenues: FM Sitharaman")
Wall Street's main indices open little changed after strong rally
Investors closely monitored the bond market as well as progress on the next round of fiscal stimulus
 "Wall Street's main indices open little changed after strong rally")
Fiscal stimulus fires up US consumer spending; inflation benign
WASHINGTON (Reuters) - U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth in the first quarter.
 "Fiscal stimulus fires up US consumer spending; inflation benign")
The reflation euphoria has a dark side for emerging markets
"If a particular allocation across the risky markets spectrum should be low confidence this year, it is the EM overweight," JPMorgan's John Normand wrote in a note to clients on Wednesday
 "The reflation euphoria has a dark side for emerging markets")
Budget debate: We care for poor and respect wealth creators, says FM
Budget is the instrument for Atmanirbhar Bharat, says FM Nirmala Sitharaman
 "Budget debate: We care for poor and respect wealth creators, says FM")
US consumer sentiment ebbs in February despite additional stimulus hopes
U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000
 "US consumer sentiment ebbs in February despite additional stimulus hopes")
Gold prices jump 1% as dollar slides, hopes of fiscal stimulus grow
Spot gold was up 0.7% to $1,842.47 per ounce, after hitting its highest since Feb. 2 at $1,848.40 earlier in the session
 "Gold prices jump 1% as dollar slides, hopes of fiscal stimulus grow")
Monetary policy will continue to have role in supporting fiscal stimulus
The MPC will keep the policy repo rate on hold, unanimously, despite the prospect of a drop in CPI inflation to 5 per cent in Q4 and then likely to average 4.5 per cent in FY22
 "Monetary policy will continue to have role in supporting fiscal stimulus")
BS Policy poll: Pause for sure, liquidity to be back in focus at RBI
The apex bank would still like to drain out some liquidity while managing yields through OMO or operation twist, to fend off inflation, especially when rate hikes seem distant
 "BS Policy poll: Pause for sure, liquidity to be back in focus at RBI")
US: Fed policy makers, like lawmakers, split on need for more fiscal aid
The United States has been devastated by COVID-19, with more than 26 million Americans infected so far, and more than 441,000 dying in total
 "US: Fed policy makers, like lawmakers, split on need for more fiscal aid")
A call to print more money: Economic Survey sees a 'V-shaped recovery'
Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey
 "A call to print more money: Economic Survey sees a 'V-shaped recovery'")
US: Democrats to 'act big' on $1.9 trillion aid; GOP wants plan split
Despite Biden's calls for unity, Democrats said stubbornly high unemployment numbers and battered US economy leave them unwilling to waste time courting Republican support that might not materialise
 "US: Democrats to 'act big' on $1.9 trillion aid; GOP wants plan split")
Stocks and futures dip on US fiscal-relief package timing; dollar up
A gauge of Asia-Pacific equities at one point slid the most in about two months, with shares in South Korea and China underperforming
 "Stocks and futures dip on US fiscal-relief package timing; dollar up")
Labour codes: Reform 2.0
Economic reforms require expending political capital by the governments, as the benefits of reforms are spread thin and become apparent only with a time lag
Biden stimulus plan could boost US output by 5% over three years: IMF
Gita Gopinath told a news conference the measures in the proposed package could add as much as 1.5% to US growth in 2021
 "Biden stimulus plan could boost US output by 5% over three years: IMF")
Stimulus jitters dent Wall Street's early gains; Nasdaq, S&P at records
NEW YORK (Reuters) - Major U.S. averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still finished at record levels, as concerns over the timing and scope of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies.
 "Stimulus jitters dent Wall Street's early gains; Nasdaq, S&P at records")
Asian shares rise as US stimulus plans offset virus woes, delayed vaccines
Global equity markets have scaled record highs in recent days on bets Covid-19 vaccines will start to reduce the inflection rates worldwide and on a stronger US economic recovery under President Biden
 "Asian shares rise as US stimulus plans offset virus woes, delayed vaccines")
'We can't wait:' Biden admin fights for $1.9 trillion Covid-19 relief plan
Lawmakers from both parties said they had agreed that getting the Covid-19 vaccine to Americans should be a priority
House committees to work on Covid-19 relief package next week: Pelosi
Pelosi's remarks came after Janet Yellen, President Joe Biden's nominee for Treasury Secretary, on Tuesday urged Congress to "act big" with a new Covid-19 relief package
 "House committees to work on Covid-19 relief package next week: Pelosi")
Gold scales two-week high as dollar slips on fiscal stimulus optimism
Spot gold gained 0.9% to $1,896.96 per ounce at 1:58 p.m. EDT (1758 GMT), while U.S. gold futures settled up 1.1% at $1,903.20
 "Gold scales two-week high as dollar slips on fiscal stimulus optimism")
