Page 7 - Fiscal Stimulus

Covid-19 impact: Surat diamond industry seeks stimulus to pay minimum wages

While most units have paid March wages in full, there has been no revenue during lockdown; workers workers have not gone back home need to be paid minimum wages at least, they say

Need economic package and open industry in staggered manner, says CII

The CII has argued in favour of the government providing direct rations to affected populace rather than cash

CII seeks incentive package for lockdown-hit mining and metals sector

The demand ranges from financial support to tide over liquidity issues to logistics and trade policy support

Odisha start-ups seek relief package from CM to survive Covid-19 impact

The entities have requested the state government to act as guarantor for soft loans or facilitate collateral-free loans

Covid-19: Govt bailout must to salvage airlines and hotels, say analysts

CARE says domestic airlines face severe cash flow pressures as they won't fly till mid April; airfares may remain low and certain routes may have to be scaled down

Coronavirus pandemic: The strengths and weaknesses this crisis lays bare

While the PM has led from the front and states have deftly helped the affected, our poor healthcare infra and stretched fiscal situation have exposed some chinks in India's armour, writes T N Ninan

Govt approves additional Rs 5,751 cr to 8 states as calamity relief

The eight states which will get the financial assistance are: Kerala, Maharashtra, Bihar, Nagaland, Odisha, Rajasthan, West Bengal and Karnataka

Coronavirus: Washington set to deliver $ 2.2 trillion virus rescue bill

Originally scheduled as a non-working pro forma meeting, the session will be extended to a debate on the bill all conducted under social distancing rules to minimize the risk of transmitting the virus

RBI follows global banks, cuts repo rate by 75 bps to fight coronavirus

The move comes after the global central banks have been cutting rates to help shore up the economy amid coronavirus pandemic

Economic growth may fall to 2.6% in FY21 during lockdown: SBI Ecowrap

According to the report, the total cost of lockdown is at least Rs 8.03 lakh crore in nominal terms, an income loss of Rs 1.77 trillion

CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion

Suggests setting aside 1% of GDP for cash transfer scheme for poor and elderly

Will the RBI cut rates today? Fiscal boost also needed to battle slowdown

The Reserve Bank of India is expected to hold a media interaction later in the day today. It is widely expected that the central bank will cut rates and announce measures to boost sentiment.

After a $1-trillion wipeout, emerging markets bank on large fiscal stimulus

More than $1.1 trillion was wiped off the value of developing-nation stocks and bonds last week as the economic impact of the coronavirus worsened

A prudent Budget that is unlikely to revive faltering economic growth

Fiscal prudence has been given priority over fiscal stimulus which will contain the growth of debt liabilities, but it will not provide the strong public expenditure push required for reviving growth

Budget: A few positive prescriptions for a slow cure, says JM Financial MD

It is reassuring to see that the deficit target was kept within expected lines and 10 per cent growth in nominal gross domestic product is projected

India's fiscal experiments

The government will need to take a call on whether it wants to support growth - which is expected to slip to 5 per cent in the current year - or contain fiscal slippage

Challenges before FM: Boosting growth, reining in fiscal deficit

Economic slowdown leaves Finance Minister Nirmala Sitharaman with a difficult choice in her second Budget - whether to rein in fiscal deficit or widen ot to stimulate the economy

Glitter versus gold in policy-making

Three years of slowing growth hold two important lessons for the Budget

Revival lessons from 2008 stimulus

The persisting downturn is resulting in lower revenues and rising deficit, reducing the space for a fiscal stimulus

IMF cautions India against fiscal stimulus, says govt should go for reforms

The Budget projected the Centre's fiscal deficit to come down to 3.3 per cent of the country's gross domestic product (GDP) in 2019-20 against 3.4 per cent a year ago