Union government has allowed states to borrow till their fiscal deficit hits 5 per cent of their respective gross state domestic product (GSDP)
The bank said it was now gearing up to extend the stimulus package announced by Finance Minister Nirmala Sitharaman to restart business activities
Amitabh Kant tells Dilasha Seth in an interview that the measures announced recently by Finance Minister Nirmala Sitharaman addressed both supply and demand side problems
Here's a selection of Business Standard opinion pieces for the day
The slow pace of withdrawals confirms what Reserve Bank of India Governor Shaktikanta Das stated in his monetary policy statement on Friday: 'Private consumption has suffered a precipitous decline'
All sectors will be opened up for private firms and PSUs will be privatised in non-strategic sectors
No economic revival and reform package can please all and so, divergent views have come in regarding whether the package adequately addresses the challenges
Government sell-off is a stimulus for itself and might not work at this juncture
Under the scheme, the government will offer 100 per cent guarantee on loans.
In case of default, the individual bank or official will be hauled up, she said in a conversation with BJP leader Nalin Kohli uploaded on the party's social media platforms
As many as 3.6 million people taken to their homes in inter-state Shramik Special trains
Also, public expenditure on health will be increased, she said without giving details. Investments in grassroot health institutions to be ramped up
Sithraman also spoke about encouraging research in healthcare and having a National Institutional Platform for One Health by the country's apex health research body Indian Council of Medical Research
They also said the industry also needed support in view of the headwinds it faced due to Covid-19 pandemic
The government will put up six more airports for auction and "ease" restrictions on Indian air space, says Nirmala Sitharaman.
Some of the sectors which have been worst affected by the pandemic and the lockdown include hospitality, tourism, aviation, logistics, e-commerce, automobiles, manufacturing and others
Here's a selection of Business Standard opinion pieces for the day
National Restaurant Association seeks tax credits, low-cost finance in a half-hour video conference call with Sitharaman
The RBI reduced the repo rate by 40 basis points to a historic low of 4 per cent, besides extending loan moratorium for all retail and commercial borrowers by another three months till Aug 31
Clearly, the FM, who has emerged in recent weeks as the PM's most articulate spokesman, believes that a farmer is someone who owns a farmhouse in Delhi's Chhattarpur