The fresh stimulus package should help boost sentiment
Lacklustre global cues and a weakening rupee further weighed on sentiment, traders said. After dropping 466.12 points during the day, Sensex ended 236.48 points or 0.54 per cent lower at 43,357.19
Fertiliser subsidy will be biggest cost head at Rs 65,000 crore. Housing for all under PM Awas Yojana will cost an extra Rs 18,000 cr
BJP president J P Nadda on Thursday said the Modi government's timely decisions and effective last mile delivery are leaving no stone unturned to make India self-reliant.
The package offers a variety of measures to boost capital spending and infra investment, incentivise job creation and also provide support to the farm and non-farm portion of the rural economy
The IMF last month forecast a 2020 global contraction of 4.4% and a return to growth of 5.2% in 2021, but warned that the situation remained dire and governments should not withdraw stimulus premature
AJAY BHUSHAN PANDEY talks about the Budget, revenue collection, and the goods and services tax (GST) compensation mechanism
China's role as lender has complicated relief efforts
Stock benchmarks fell in Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher
Sensex drops 540 points; Wall Street's indices deep in the red
Here's a selection of Business Standard opinion pieces for the day
Given the level of economic decline, it is reasonable to expect the government to significantly increase spending and support economic activity
Strengthening the revenue forecasting system will yield better results than fixing deficit targets within a range
Nirmala Sitharaman recently announced a two-pronged stimulus package to step up capital expenditure and stimulate consumer demand
Oil prices and Asian stocks slid, but European stocks recovered in morning trading after sharp losses the day before
Wall Street's benchmark S&P500 had dropped 0.7 per cent on Wednesday, after Treasury Secretary Steven Mnuchin said he and congressional leaders were "far apart" on a new aid for the struggling economy
The multiplier effects of the package are expected to be multiples of the original amount, and higher economic activity would be sustained in the coming period, Kumar said
While not exactly announcing an OMO calendar for secondary-market bond purchases, the OMO size has been doubled to Rs 20,000 crore in each operation
Next fiscal package must await fall in inflation
While Trump was said to be experiencing only mild symptoms, his diagnosis adds to gloomy developments around the virus as big cities once again turn into hotspots.