Page 7 - Stimulus Package

Banks sanction Rs 75,000-cr loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package

Trump backs more financial aid for Americans amid Covid-19 crisis

Asked if he backed another payment for Americans, Trump told Scripps Networks in an interview that he backed sending out a second check

Covid-19 crisis: Indian economy's road to recovery still has long way to go

Agriculture was expected to be the only silver lining in the economy in the current financial year

India's Covid-19 pandemic fiscal cost lowest among major nations: Report

Business Standard's own calculations suggest that the Centre's fiscal impact amounts to around Rs 2.28 trillion, or around 1.2 per cent of GDP.

Stimulus package so far only an interim announcement: RBI's Gurumurthy

Says Covid stort has not ended, wikl be able to assess total damage once disease is managed and then determine the kind of relief needed

Banking system is in a Catch-22 situation: Indian Bank's Padmaja Chunduru

Indian Bank has 450,000 MSME customers who are eligible for loans guaranteed by the government.

Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman

Govt likely to issue clarification to add more borrowers under ECLGS

Statsguru: Why second wave of Covid-19 is a worry for equity markets

Investors have got a reality check with many countries once again seeing a rise in Covid-19 cases

Which economic stimulus works?

Much of the money that households and businesses receive in the form of stimulus checks will probably sit idle in their bank accounts

Will consider corporation tax rate benefit extension: FM Sitharaman

Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.

Monetising fiscal deficit via secondary OMOs right way: Uday Kotak

If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to be able to sort things out, says Uday Kotak

Best of BS Opinion: All eyes on recovery, Sino-Indian border standoff, more

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

Banking to be a 'strategic sector', govt discussing privatising some PSBs

According to the new privatisation policy, announced by FM Sitharaman as part of the 'Atmanirbhar Bharat' package, the government will come up with a list of strategic sectors

Looking beyond crises

Lack of strategic vision in the NDA has caused it to fail at economic management

PSBs disburse half of the sanctioned credit guarantee scheme loans

State Bank of India contributed to 75% of the total loan disbursements of Rs 8,320 crore till June 5

Firms rush to register as MSMEs, but most may not get loans: Officials

The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are facing a liquidity crunch since last year

Blueprint for a more healthy economy

What we need is a map - an economic blueprint - that will address the need for domestic growth and put in place measures that will make India attractive for foreign investment.

UK FM Rishi Sunak to delay post-coronavirus recovery package until autumn

UK Prime Minister Boris Johnson on May 27 promised a post-coronavirus recovery package

Best of BS Opinion: Govt's limited fiscal cushion, doing-business concerns

From why this year's budgeted net tax revenue for the Centre is impossible to achieve to how Indians are blase about class-driven brutality, here's a selection of Business Standard Opinion pieces

'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon