Economic Package

Government support by way of credit guarantees and food and fertiliser subsidies is the right policy, till the masses are vaccinated 

Street food is an integral part of India’s culture and urban identity

The COVID-19 rupture offers a unique opportunity to both the Indian government and street food entrepreneurs to reorganise while keeping the romance of street food alive. Singapore should serve as an inspiration

Centre's relief package may include 2-year wage subsidy programme: Report

The wage subsidy is thus being viewed as a means to improve demand from the bottom up

Lukewarm response to MSME scheme: Government wants bankers to be more aggressive

The Finance Ministry on June 9 did a review of the scheme's progress so far in a meeting with senior bank officials.

BIG STORY | Cabinet approves Rs 3 lakh crore funding for MSMEs at 9.2%

This was the second-biggest component of Rs 20 lakh crore economic relief package announced by Finance Minister Nirmala Sitharaman last week

With Centre’s economic package offering no relief, NBFCs send SOS to FinMin

NBFCs were shocked to know that both the schemes carried very short repayment tenures and therefore, were of little help to them

Govt’s Rs 30,000-crore special liquidity scheme for NBFCs a non-starter, three-month tenure disappoints industry

On Wednesday, the government issued the details of the special liquidity scheme for non-banking finance companies and housing finance companies following Cabinet approval.

Three reasons why govt's Rs 5,000-crore street vendor loan scheme is spooking bankers

Industry experts fear that these loans may backfire on the banking sector and could end up as non-performing assets on the books.

Stimulus package — Long on vision, short on mission

Focus on reforms and credit support betray the government’s inability to come out with quick fiscal steps to salvage the Covid-ravaged economy

Rs 3 lakh crore credit guarantee scheme may be launched this week; to offer attractive rate of 9.25%

Credit Guarantee Scheme worth Rs 3-lakh crore for MSMEs, announced as part of Rs 20 lakh crore economic package, is likely to become operational later this week.

Explained | Amendments to Essential Commodities Act

Moneycontrol's Sakshi Batra breaks down the amendments​ in the Essential Commodities Act

Agri package to help farmers, strengthen food processing linkages, stop wastages: ITC & Dabur

The investments in farm-gate infrastructure would help to reduce food wastage in the country and also ensure availability of quality local produce for food processing companies, besides generating employment.

Centre's economic package: Where is the focus on demand revival?

The government pumping in debt to small firms, without focusing on a demand revival on the ground, is a recipe for disaster

FM’s announcement: TDS and TCS rates reduced; but full dues to be paid while filing returns

The government has also reduced the tax deduction at source (TDS) and tax collection at source (TCS) rates, so that taxpayers have more funds at their disposal.

Coronavirus crisis | FM Sitharaman announces Rs 30,000-crore special liquidity scheme for NBFCs, MFIs

She also announced an extension of the partial credit guarantee scheme worth Rs 45,000 crore under which the first 20 percent loss in debt papers will be borne by the government.

Rs 20 lakh crore economic package: FM Nirmala Sitharaman to address a press conference at 4 pm

The press conference comes a day after Prime Minister Narendra Modi announced an economic package of Rs 20 lakh crore to tackle the COVID-19 outbreak.

Could this be Modi’s 1991 moment?

There is great disorder under Heaven, the situation is excellent​

Package needed but what about states' GST share: Shiv Sena

Maharashtra, worst-affected by the coronavirus pandemic, should get a major share of assistance, said Sena spokesperson Manisha Kayande.

Nitin Gadkari welcomes PM Modi's economic package

The minister for MSMEs and Road Transport and Highways said, "through this historical package, the Prime Minister has fulfilled the expectations and aspirations of the MSME, village and cottage industry sector."

PM Modi should be bold in declaring economic package of 5-6% of GDP: Congress

The Opposition party demanded that the Centre cleared all pending dues to the states to enable them to fight with the novel coronavirus pandemic, besides also giving each of them special economic packages.

COVID-19 relief package | Where politics and economics meet

Political astuteness lies in knowing when to oppose and when to support the government.

Economic package | A beginning has been made. More needs to be done.

Putting money into the hands of the people would have been simpler, quicker and more effective

Obama readying plan to boost jobs and cut deficits

US President Barack Obama will announce a double-barrelled economic package that aims to boost hiring and find budget savings that surpass the USD 1.5 trillion goal of a congressional deficit-cutting committee.