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COVID FISCAL STIMULUS
US Stock Market: Warsh reshapes Fed playbook with leaner messaging and reform agendaUS Federal Reserve Chair Kevin Warsh signalled a major shift in central bank communication by adopting shorter policy statements and focusi...- Why the G7 is worried about global economic imbalancesIn a pivotal discussion at the G7 summit, France is highlighting urgent concerns about the global economic landscape. China's robust export...
- Indian officials see Iran war oil shock as disruptive as CovidIndia is drawing on its Covid-era playbook to cushion the economic blow from the Iran war, with officials warning the disruption to energy ...
- Economic impact of second COVID wave has been less than the first wave: TV Narendran"We need to piggyback on the government’s investment plans because the government announced a lot of investment in the infrastructure secto...
- View: Judge an expansionary fiscal policy by how quickly it props up the economyThus, it might be prudent to go the extra mile to consolidate debt when the economy is booming. A way to formalise this would be to target ...
- Looming deficit blowout is forcing India to spend less on economy's real savioursThat’s despite Modi govt outlining measures worth Rs 21 lakh crore to counter the economic and social fallout of Covid. A closer look at th...
- View: Covid-beaten India needs fiscal stimulus now — with its extent and form carefully worked outAs long as Covid-19-induced regulation or personal hesitation prevented workers from coming to work, an expansion of demand would not have ...
- Right time for additional fiscal stimulus would be after vaccine's availability: CEAAccording to Subramanian, the uncertainty prevalent in the economy substantially impacted demand, especially for discretionary items. “Till...
- We're optimistic about a V-shaped recovery in India: Expenditure Secretary TV SomanathanThe expenditure secretary said simply pumping money into the system was not a solution to revive the economy.
- India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch SolutionsFitch Solutions said the new spending will only amount to about 1 per cent of GDP.
- Debt woes derail India’s plan to deliver stronger fiscal supportThe actual fiscal cost of the stimulus released by the FM amounts to just about 1% of GDP.
- Fiscal deficit of Centre and states likely to be at 12% of GDP: DBSIn the case of the Centre, the fiscal gap will increase by 200 bps as earlier this month it hiked market borrowings by a whopping Rs 4.2 la...
- Total fiscal impact of 'Rs 20L cr package' to be Rs 1.50 lakh cr: ReportPrime Minister Narendra Modi had announced a relief package of Rs 20 lakh crore or about 10 per cent or GDP last week. However, many of the...
- Hope monetary and fiscal stimulus will keep India's growth above 0%: World Bank'World Bank working with govt to support economic stabilisation around MSMEs'
- Stimulus packages will have impact of Rs 1.29 lakh cr on fiscal deficit: SBI ReportThis implies that the remaining nearly Rs 3.54 lakh crore of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi on May ...
- India has very little space for fiscal stimulus: Ind-RaThe revenue shortfall is likely to account for 95 per cent of the increased borrowings, leaving a purse of just Rs 20,000 crore for the gov...
- Govt announces 25% cut in TDS/TCS rate for non-salary paymentsThe reduction will kick into effect from May 14 and will be valid on payment for contract, professional fees, interest, rent, dividend, com...
- View: Economic revival depends not just on money, but also on faithUrgent action to reinvigorate the financial system is imperative, says HDFC boss Aditya Puri.
- View: Coronavirus could be India's black swan eventModi demonstrated leadership by announcing a lockdown and 3 packages to help citizens & businesses to cope.
- View: India's virus-stricken economy is in a dire need of a vaccineIndia cannot — and need not — let its economy be sacrificed at the altar of COVID-19 mitigation.
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