Page 17 - Economic Slowdown

Covid-19 lockdown: No proposal to impose calamity cess, say FinMin sources

The sources said any such proposal would prove to be counter-productive as sales are already at low volume at this time of lockdown.

Who will monitor the stimulus schemes?

There is a serious need for an independent mechanism to continuously monitor the performance of the programmes and their efficacy

JSW Steel Q4 consolidated PBT at Rs 953 crore, down 60% on weak demand

Net sales down 20%, impairment provision hurts bottomline further

'Polarised' and 'sell on rally' may define markets' character, say experts

With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast

RBI buttresses earlier position forcefully; economic forecasts conservative

The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%

RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%

RBI extends the moratorium on loan repayments by three more months

I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.

PSBs report sharp rise in deposits thanks to YES Bank, Franklin fiasco

Last financial year saw a series of banks failures starting with Punjab & Maharashtra Co-operative Bank and culminated in near collapse of YES Bank, India's 5th-largest private sector bank at its peak

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

India GDP to fall 45 per cent in June quarter, predicts Goldman Sachs

Predicts a 5 per cent GDP contraction for India in FY21, says recently announced reforms not to have immediate impact on reviving growth

FM gives reforms pill for ailing economy with privatisation, policy tweaks

In the latest announcement, the government's focus was on structural reform in sectors such as coal, minerals, aviation, defence, aerospace, power, and social infrastructure

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

Local is not just the need, it is our responsibility also: Narendra Modi

He said that it is now imperative for the country to move forward with the commitment of bold reforms to create a self-reliant India

In search of the right prescription

Policy predictability and an unambiguous long-term blueprint are essential for private investors

Coal reforms much needed, but statutory implementation hurdles remain

With the abundant inventory within India, there's a clear a need to reduce imports, especially thermal coal, imports of which were around 200 million tonnes last fiscal

Covid-19 big picture: Brace for a disaster much bigger than you expected

If the business of doubling rate continues as it is currently, be prepared for bad news not just from the perspective of the coming medical challenge but also for the economy, cautions T N Ninan

'Very limited' fiscal space may leave govt with Rs 20,000 cr for stimulus

Households contributes maximum to the gross value addition (44.3% during FY12-FY19), savings (61.1%) and fixed capital (39.2%) in the economy

FM's Day 2 package: Govt's immediate fiscal cost will be close to Rs 10K cr

The direct spending by the centre, on Thursday's announcements will include Rs 3,500 crore that the centre will spend on providing free foodgrains to 80 million migrants

Premium diners hit the brakes hard; look to reinvent for survival

There will be ongoing speed bumps and resets and at least six months before 80 per cent stability returns to dining

This shall not be just a financial package, but a reform stimulus: FM

Sitharaman's press conference at 4 PM today comes a day after Prime Minister Narendra Modi announced Rs 20 trillion economic package to deal with Covid-19 situation in the country