Page 5 - Stimulus Package

Govt open to further stimulus to lift economy, says DEA Secretary

The government is open to further stimulus measures to boost the coronavirus-hit economy, Economic Affairs Secretary Tarun Bajaj said

Second round of stimulus to provide limited support to growth: Moody's

The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said on Thursday

India pips EM peers in latest market uptick as US stimulus brings hope

2020 underperformance narrows; Experts say going further outperformance could be a challenge

Govt's latest demand stimulus not enough, impact to be limited: Experts

As FM Sitharaman has announced a couple of demand boosting measures along with loans to states for increasing capital expenditure, concerns have again been raised over the adequacy of the measures

Japan's Suga to order new economic stimulus as early as Nov, Nikkei says

The move would signal the government's readiness to deploy more support to cushion Japan's economy from the significant disruption to consumers and businesses by the Covid-19 pandemic

Retailers Association of India welcomes govt stimulus to boost demand

Retailers Association of India welcomed government's LTC cash voucher scheme and Rs 10,000 festival advance to government employees to stimulate consumer demand during the festival season

US Senate Majority Leader McConnell says pre-election Covid deal unlikely

The leading Republican in Congress, McConnell said he hoped lawmakers could rise above partisan jockeying to agree on "hopefully one last rescue package,

Wall Street closes higher as Donald Trump boosts hopes of stimulus

Two days after calling off negotiations on a comprehensive bill, Trump in an interview with Fox News said talks with Congress have restarted over further Covid-19 relief

Now is not the time for stimulus

Next fiscal package must await fall in inflation

Stimulus to revive economy should continue for three years : Pronab Sen

The government should continue with the stimulus to revive the economy for three years and it should not be one off, Pronab Sen, the chairman of the Standing Committee on Statistics said on Wednesday

RIL lifts markets; Sensex up 304 points, banking and IT stocks shine

There was, however, a mixed trend overseas after US President Donald Trump dashed hopes of a pre-election stimulus package

Oil prices decline over 2% on US stimulus impasse, stockpile rise

Brent crude futures were down $1.05, or 2.5 per cent, to $41.60 a barrel by 7.33 pm (IST) and US West Texas Intermediate (WTI) crude declined $1.19, or 2.9 per cent, to $39.48

Govt recognises need for further stimulus at an appropriate time: Sanyal

Principal Economic Adviser Sanjeev Sanyal on Wednesday said the government recognises the need for further stimulus at an appropriate time to perk up demand in the economy, hit by Covid-19

Donald Trump calls off US coronavirus relief talks with Democrats

In recent days, financial markets were hopeful progress toward a Covid-19 vaccine and another round of economic stimulus from Congress would boost the US economy

India among worst-performing economies; stimulus lacking: Abhijit Banerjee

He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal

Contrasting tales: Economy is down, but markets have defied fears

In the past six months, Nifty has gained 52 per cent in rupee terms and 58 per cent in dollar value - making India one of the best-performing markets globally

Nasdaq, S&P 500 crawl higher on Amazon, Apple boost; Dow remains muted

Microsoft Corp, Apple Inc, Alphabet Inc and Facebook Inc, which together fuelled a Wall Street rally since a coronavirus-driven crash in March, rose between 0.3% and 0.9% in early deals

Donald Trump to announce $13 billion in farm aid on Thursday: Report

It was not immediately clear which farmers would benefit from the new round of aid

Covid-19: Banks get more capital relief as ECB wants stimulus to work

Banks will be temporarily allowed to tweak the math behind a financial strength metric known as the leverage ratio to their benefit by stripping out deposits held at central banks, the ECB said

Covid-19: India's fiscal response to tackle the economic crisis wanting

Till August 2020, India has spent 1.2% of its gross domestic product directly from budgetary resources