Page 6 - Stimulus Package

Govt may look at second stimulus once Covid-19 cases ebb: Expenditure Secy

The government may look at introducing a second set of fiscal stimulus measures once the Covid infections abate and the psychological fears in people's minds ebb, a top Finance Ministry official said

Wall Street jumps, S&P 500 crawls towards record high on stimulus hopes

US Treasury Secretary Steven Mnuchin said the White House and top Democrats in Congress may not be able to reach a deal on coronavirus aid

Covid-19 impact: Govt plans job scheme for urban poor and migrants

It could be a new scheme or modified version of an existing employment programme, officials say

Wall Street opens higher on upbeat corporate earnings, stimulus hopes

The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.

Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme

This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.

As pandemic surges, UN seeks billions more to offer humanitarian aid

At the beginning of the year, humanitarian agencies targeted around 110 million people, he said. They now need to reach 250 million in 63 countries

Wall Street opens higher as investors bet on stimulus-led economic revival

The Dow Jones Industrial Average rose 39.91 points, or 0.15%, at the open to 26,774.62.

PSBs lend Rs 19,668 cr to 71 MSME hubs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month

If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen

Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was being lifted.

Why Modi govt's plan to help small businesses has done little to save them

Businesses from textiles to sports goods and furniture are shuttered or working at a bare minimum, and cows roam streets that would be normally packed with workers and vehicles

Rajasthan's revenue collection dropped by 70% due to Covid-19, says Gehlot

He also said that it is important that "money is pumped and purchasing power of people is enhanced so that demand can be generated".

Default risk for Indian companies drops at fastest pace in decade

The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined

Govt's stimulus package has preserved macro stability: KKR India head

Speaking at the India Global Week 2020, Nayar expressed hope that large private sector players would contribute to economic recovery along with the government

77% of CEOs feel cut in interest rate didn't benefit them: Survey

The survey sought responses from 100 corporate executives.

Donald Trump extends Covid-19 relief package for small businesses

The legislation extends the June 30 deadline for applying for the programme to August 8.

Atmanirbhar loan may touch Rs 1.25 trillion: Power minister R K Singh

The special loan is aimed at clearing dues of discoms towards Centre-owned and private power generation units.

Banks disburse over Rs 52,255 crore to MSMEs under credit scheme

However, this is against the sanction of Rs 1.10 trillion under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs) till July 1.

Covid-19: Here's a timeline of events since lockdown was imposed in India

In less than six months since the first coronavirus case was reported in China's Wuhan, the pandemic outbreak in India has spread to almost all states and union territories

Fair solution to rate transmission in the works: FM Nirmala Sitharaman

The finance minister told the industry it needed to introspect on how businesses are run and on Aatmanirbhar Bharat, for India to realise the full potential.

PSBs lead in disbursing loans to MSMEs under credit guarantee scheme

The bulk of the disbursed amount -about two-third- was contributed by public sector banks.