Page 5 - Fiscal Stimulus

Best of BS Opinion: A fiscal road map, conserving groundwater, and more

Here's a selection of Business Standard opinion pieces for the day

A fiscal road map

Govt must decide fast on the timing and amount of stimulus

India among worst-performing economies; stimulus lacking: Abhijit Banerjee

He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal

EV push: Govt plans $4.6 billion in incentives for battery makers

The proposal is likely to be reviewed by Modi's Cabinet in the coming weeks

Fiscal stimulus, lower interest rate needed for 7% growth rate: Panagriya

Panagariya further said the country lost nearly $125 billion in the April-June period due to the Covid-19 pandemic

GDP to contract 8.6% in FY21, fiscal stimulus needed soon: UBS Securities

UBS Securities said it forecasts a GDP contraction of 8.6% in FY21 as against its earlier prediction of 5.8%, citing factors including the modest government response to the crisis for its estimate

IMF says India needs another fiscal stimulus, income support to fight Covid

In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, IMF said

Govt may look at second stimulus once Covid-19 cases ebb: Expenditure Secy

The government may look at introducing a second set of fiscal stimulus measures once the Covid infections abate and the psychological fears in people's minds ebb, a top Finance Ministry official said

As Covid-19 reaches hinterland, is India's rural growth story getting over?

A recent report by Credit Suisse cautions that the spread of Covid-19 infections to Tier-III and -IV cities could stall the growth momentum

India likely to announce another set of fiscal stimulus measures: Fitch

That could give an indication that another 1 percentage points could come in the months ahead to provide relief for those who need it, Rookmaaker said while addressing a Fitch Ratings webinar

Britain to launch stimulus package before summer, says report

Finance minister Rishi Sunak declined on Friday to say whether he would bring forward his next budget statement, due in the autumn, to spell out how he will tackle Britain's surging debt

High risk aversion of most lenders is astounding, says Bajaj Finserv CMD

Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj

RBI should 'bluntly' tell govt to take fiscal measures: P Chidambaram

He also asked if the prime minister or the finance minister will laud themselves for the fiscal stimulus after the RBI chief's statement

RBI may need to slash rates alongside providing fiscal stimulus: Economists

The only way to boost demand may be lowering interest rates to boost consumption, analysts said

Economic package won't fully offset negative impact of Covid-19: Moody's

While these measures will help ease asset risks for the financial sector, they will not fully offset the negative impact from the coronavirus outbreak, Moody's said

Deep Dive with AKB - Stimulus package: No fiscal excesses, but growth prospects remain dim

Govt measures consist of reforms that need not have waited for Covid-19

Although the intent of these announcements was no doubt sincere and good, markets will get disappointed with them because the immediate spend out of the big fiscal stimulus is relatively small

Lockdown extension was expected; stimulus measures are a disappointment

The government's recent stimulus measures, however, may disappoint the market because they were expecting huge fresh liquidity infusion into the system to improve the aggregate demand

Govt's fiscal cost could be less than 11% of total economic package

Not all of this amount will necessarily be borne in fiscal year 2020-21

Fiscal stimulus 2.0: Consumption boost for agri, auto and FMCG companies

Rising farm income to aid firms having a bigger share of revenues from the rural sector