“India’s response to the COVID-19 crisis lacks major or innovative near-term fiscal support, and fails to provide the much-needed impetus to stimulate growth and kick-start
Category: RBI–Banks
Debt woes derail India’s plan to deliver stronger fiscal support – The Economic Times
The actual fiscal cost of the stimulus released by the FM amounts to just about 1% of GDP. Fitch said last week it saw India’s
Debt woes derail India’s plan to deliver stronger fiscal support – The Economic Times
The actual fiscal cost of the stimulus released by the FM amounts to just about 1% of GDP. Fitch said last week it saw India’s
Foreign investors pull out USD 26 billion from Asian economies; USD 16 billion from India | Business News,The Indian Express
While almost all major economies are shrinking as a result of coronavirus, only three countries China, India, and Indonesia are projected to experience small, but
Nirmala Sitharaman on AtmaNirbhar package, India’s Covid-19 response
Finance Minister Nirmala Sitharaman says she is open to deficit monetisation, won’t hazard a guess on where growth is headed. Finance Minister Nirmala Sitharaman addresses
Government’s economic package only 1% of GDP, say analysts – Times of India
NEW DELHI: The government has announced a five-part package and has provided details of how it adds up to Rs 20.97 lakh crore and accounts
Flawed stimulus is justice denied – The Hindu
The government should ensure that matters of lives and livelihoods are not pitted against each other The COVID-19 pandemic and the prolonged national lockdown have
‘Atmanirbhar Bharat’ does not adequately address the deep crisis at hand – The Hindu BusinessLine
The package, by relying overwhelmingly on credit infusion to boost the economy, has failed to recognise that investment will pick up only when people across
Banks are now expected to bear the bulk of the stimulus cost – The Hindu BusinessLine
The suspension of fresh insolvency proceedings for a period of one year under IBC comes as a breather for MSMEs, but could lead to steep
Gold loans, a panacea for the financing needs of MSMEs – The Hindu BusinessLine
In the current risk-averse credit environment, MSMEs need alternative sources of raising finance to continue as going concerns. Their best bet may be to consider
Insolvency suspension necessary during Covid-19 times: IBBI Chief M S Sahoo – The Hindu BusinessLine
Says there aren’t enough ‘white knights’ to rescue firms in distress In conversation with BusinessLine, IBBI Chief M S Sahoo shares his views on the latest announcement
I’ve to be careful, am answerable to Parliament: FM Nirmala Sitharaman | Business Standard News
Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the
Door open for stimulus 6.0; govt with industry: FM Nirmala Sitharaman | Business Standard News
Calling her stint as FM during the pandemic “the most challenging assignment yet”, Sitharaman said she was not upset with the criticism that the recent
Fiscal math of the imponderables | Business Standard Column
How large will be the Union government’s fiscal deficit in 2020-21? The Union Budget for the current year had projected the deficit to be at 3.5 per
Demand for GST waiver a bad idea, say govt officials – The Financial Express
Furthermore, keeping GST in abeyance would allow imports to gain an unfair advantage over domestically manufactured goods, they felt. They officials were responding to the
Out of the Covid-19 disaster comes privatisation, and other reforms – The Economic Times
Modi government’s dramatic embrace of privatisation is unambiguous and stunning. Ambiguity may be politically convenient, but Modi needs to be clear that self-sufficiency — trying
Lessons of 2008-13 guided coronavirus stimulus: Nirmala Sitharaman – The Economic Times
FM says she kept lessons of the 2008-13 period in mind when designing the Covid stimulus. The finance minister also said the government wants to
Public sector assets must be monetised to fund physical, social infrastructure | The Indian Express
The corona crisis has highlighted the criticality of social infrastructure. India must monetise existing assets in the public sector to fund growth-enhancing investments in physical
MSMEs seek clarity on salary payments, details of package | Business News,The Indian Express
About 63 per cent of the pending dues for MSMEs are from the state governments and their undertakings. AIMO said the states have often cited
The government slipped in not focusing on demand – analysis – Hindustan Times
Direct income support, monitored to prevent leakages and misappropriation, remains the ideal way out Avishkar Singhvi All incentives must be employment- and fixed-cost-oriented. Millions of
