Page 12 - Stimulus Package

Non-strategic PSUs to be privatised; MGNREGS to get additional Rs 40,000 cr

Borrowing limit of states has been raised from 3 per cent of Gross State Domestic Product to 5 per cent in 2020-21, the finance minister said

Govt ends monopoly over coal; opens mining sector to private players

Joint auctions of bauxite and coal blocks expected to reduce dependence on imports

Effective regulations and coherent policy essential for mining sector

The Ministry of Mines is now proposing a major shift in policy that can bring more than 700 mineral blocks into the auction mandate

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

Stimulus 2.0: Reforms good, implementation a challenge, say food firms

The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.

Best of BS Opinion: Covid-19 big picture, migrant workers, and more

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

Coronavirus outbreak to leave a legacy of unprecedented global debt

Central banks and govts worldwide have unleashed at least $15 trillion of stimulus via bond-buying and budget spending to cushion the blow of a global recession tipped to be the worst since the 1930s.

Made in India, for and by Indians, says Reliance Industries on rights issue

In a corporate presentation titled 'New Reliance for a New India', released on Friday, RIL termed itself as the best proxy for India's consumption-driven and tech-propelled growth story.

The king's speech

What the Indian public got this week was another monologue - the fifth since March 19

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

Looks great, but is it?

The real concern is whether some of the relief measures announced on May 13 and 14 will actually materialise

Govt to set up Rs 1-trn agri infra fund, amend Essential Commodities Act

Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure. This fund will be used for setting up cold chains and post-harvest management infrastructure, she said while announcing the third tranche of COVID-19 relief package. She also announced a Rs 10,000 crore scheme for formalisation of micro food enterprises (MFE). The scheme will be launched to help 2 lakh MFEs by adopting cluster-based approach such as mango in Uttar Pradesh, kesar in Jammu & Kashmir, bamboo shoots in North-East, chilli in Andhra Pradesh, tapioca in Tamil Nadu. This fund would help in reaching untapped export markets in view of improved health consciousness.

Best of BS Opinion: Fiscal Stimulus 2.0, Covid-19 outbreak, and more

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

A lot more needs to be done

While the measures over the last two days focus on some of the structural changes, the economy is now looking forward to steps that would lead to an increase in demand

Stimulus 2.0: Banks will monitor solvency, guarantees cool credit risk fear

While the issue of providing liquidity to existing borrowers who are sapped of revenues has been addressed, banks will have to undertake due diligence on the solvency of units, said bankers.

Stock markets fall sharply as stimulus package fails to lift sentiment

The benchmark indices fell nearly 3% on Thursday, erasing all the gains made a day earlier on optimism over the Rs 20-trillion rescue package announced by the government

RBI may have to monetise Rs 7 trn of stimulus, says Bank of America

Of the nearly 10% of GDP worth stimulus, 7.3 percentage points of it can be funded through many means, it said

Covid-19 has created deflationary conditions, says CEA Subramanian

He also said that a good part of the Rs 20 trillion stimulus package is designed in a manner that the fiscal deficit remains under control.

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

Stimulus 2.0 won't change outlook for business

The second package focuses mostly on support to businesses, especially MSMEs