The measures include a one-off payment of 300 euros to millions of pensioners to help them cover rising energy bills.
Four of the eight announcements by the Finance Minister were new and the other four were extension of existing schemes. According to analysts, the stock market is likely to react positively as the steps will help economic recovery, with limited fiscal cost.
If one leaves aside the credit measures and announcements which had already been made earlier, then the extra outlay for 2021-22 as a result of the new announcements will be around Rs 48,900 crore, our calculations show.
Finance Minister Nirmala Sitharaman announced a slew of new economic and growth measures amid second wave of COVID-19 in India.
As per the proposed package, the Assam government will take on the liability of up to Rs 8,500 crore for certain categories of MFI borrowers in the state
EIMPA while sending a letter to the CM also sought an audience with her to apprise of the situation faced by the exhibitors while pledging its support to the fight against the pandemic by the state government.
The university report has recommended a cash transfer of Rs 5,000 for three months to as many vulnerable households as can be reached with the existing digital infrastructure, including but not limited to Jan Dhan accounts.
He noted that there was a difference between providing stimulus to the economy and merely giving loans and credit to people.
In this edition of Big Story, Moneycontrol's Sakshi Batra shares her insight on the capital infusion of Rs 90,000 crore announced by the government.
If the BS Yediyurappa government implements its policy towards migrants effectively this could give the Centre a template to follow in other states as well
The industry hopes the government’s second relief package includes a lower GST for the sector and no penalty on delayed TDS and GST payments at least for a year
In this episode of Business Insight, find out what all can be included in the second stimulus boost to be announced by the government
RBI Governor Shaktikanta Das, in a statement, permitted banks to allow a moratorium of three months on equated monthly instalment (EMI) payments
Political astuteness lies in knowing when to oppose and when to support the government.
The government has chosen to adopt a graded action plan, instead of a big bang one-off push to keep the lights on
With its third consecutive state-wide crisis, Kerala is at its wits end. There is a limit to what the state can do, and we will be in a serious crisis if the Centre does not help, writes Kerala Finance Minister Thomas Isaac.
The COVID-19 Economic Task Force is set to meet at 10.30 am on March 20 to finalise details of the same
Zero period for builders whose projects are stuck in litigation. Benefit only for developers who provide written assurance that they would complete housing units by June 30, 2021
Farmers in Gujarat witnessed damage to their crops due to excess rains that lashed the state even after the monsoon season officially ended.
"During the Cabinet meeting chaired by Chief Minister Raman Singh yesterday, it was decided 17 tehsils with yield of 50 paise or less as drought-affected," a government spokesperson said here on Wednesday.
The Telugu Desam Party has demanded that the Centre include Andhra Pradesh (AP) in the drought-affected states' list and extend a relief package to it immediately.
Kingfisher Airlines climbed 3% on news that its lenders might infuse Rs 1000 crore equity infusion into the ailing company. Though, there has been no official announcement on the same, sources say the development is likely by March.