A few more rounds of assistance would be necessary in the coming weeks as the impact of the lockdown and the disease on the economy becomes more evident
The RBI has reduced the repo rate by 75 basis points (bps) to 4.4 per cent, and the reverse repo rate by 90 bps which now stands at 4 per cent
From FMCG market likely to witness slump, DoT asking telcos to list out spectrum demands to analysts predicting GDP fall to 3-decade low, Business Standard brings you top headlines of the day
Crisil yesterday sharply cut its India growth estimate for 2020-21 to 3.5 per cent citing the severe dent in the economic activity due to the coronavirus pandemic
With loan growth and asset quality likely to take a hit, FY21 earnings estimates are coming under the knife
Sitharaman also promised a one-time payment to women Jan Dhan accountholders and economically backward widows, pensioners, and differently abled
They feel an additional stimulus package is required for stressed sectors with the country's economic growth estimated to touch new lows in 2020-21.
Finance Minister Nirmala Sitharaman announced the package on Thursday, which was hailed by PM Narendra Modi as one that will go a long way in ensuring food and livelihood security of the poor.
An insurance cover of Rs 50 lakh to the sanitation workers, including doctors is a motivational announcement for those serving the nation
Here are the finer points of this relief measure
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The government may not have the fiscal muscle to dole out more sops but they have to do it by letting go of the fiscal deficit target.
Package announced includes both food security and cash transfer components
Government is planning to provide a relief package of Rs 1.7 trillion to the underprivileged, poor and migrant workers
Earlier this week, the Finance Minister had said a package is under works and will be announced soon.
Domestic brokerage Emkay congratulated policymakers for acting earlier than other countries, but rued that there is not much to cushion the economic impact
This is, in a way, an extension of the recapitalisation plan that was to end this financial year (April 2019 to March 2020, of FY20)
The stimulus plan could be as large as Rs 2.3 trillion, but final numbers were still in discussion, says the report
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The government has already deferred deadlines for filing tax returns, extended a tax amnesty program and promised more measures to support the economy amid the coronavirus pandemic