Microfinance lenders and sector analysts welcomed the move to increase the outlay for credit guarantee schemes and facilitate lending to bottom-of-the-pyramid borrowers. However, there still remains room to do more, they said.
The eurozone's third largest economy has been devastated by the coronavirus pandemic, although Prime Minister Mario Draghi expects growth to improve this year as more people receive vaccines and business activity picks up.
History suggests that the passage of the stimulus package will give boost flows, especially into emerging markets such as India, but this could also mean a rise in inflation. Which sectors should investors be looking at in this scenario? Read on to see what the experts have to say
For the lesson of 2020 is that in a crisis, and to some extent even in calmer times, the government can do a lot to improve people’s lives
The NITI Aayog can help by devising a national economic strategy (not plan) which will provide the road map for converting the entire country into a special economic zone instead of tinkering with select sectors
The ECB increased the overall size of its Pandemic Emergency Purchase Programme by 500 billion euros to 1.85 trillion euros, in line with market expectations.
The European Central Bank could add a half-trillion euros or more to its existing bond purchases.
Atmanirbhar 3.0 continued to echo on government’s resistance to allocate fresh expenditure out of the kitty, but aims to support the rural economy, consumption, create jobs, as well as capital expenditure.
Union Finance Minister Nirmala Sitharaman on Nov 12 rolled out 12 measures as part of the Atmanirbhar Bharat 3.0 stimulus package worth Rs 1.2 lakh crore to boost the economy.
The middle class may feel a tad disappointed with no visible measures to raise their spending ability, but the pre-Diwali package seeks to address some structural infirmities
FM Sitharaman said the funds are being provided to ensure adequate availability of fertilisers to farmers during the upcoming crop season.
The upcoming package may announce the Emergency Credit Line Scheme part-2. Under this scheme, the government is likely to provide collateral-free credit.
The IMF’s fiscal monitor estimates India’s overall fiscal deficit to be 13.1 percent of GDP in FY21 and to remain above 10 percent till FY23
The Monday measures to boost consumer demand and capital expenditure are unlikely to move the needle much on durable growth recovery
The central bank needs more support from the government
Cabinet has approved seven sections of the package
On March 11, the Ministry of Finance increased allocation - 0.008 per cent of the country's GDP - to the health services division to support an expansion of healthcare spending, Fitch Solutions Country Risk and Industry Research (a unit of Fitch Group) said.
Postponing results will not prevent stock prices from being hammered
It’s partly because an Alibaba and Baidu could raise big capital from the US market that they have reached where they are today
The package of Rs 20 lakh-crore covers an extensive range, but it falls short of meeting the concerns of the poor. The liquidity measures taken by the government were from the supply side; it needs a concrete fiscal stimulus to revive demand
Ravi Menon of Air Works, the largest independent MRO player in the country, said the segment is finally getting its due.
The move to change the public sector landscape is an attempt to shore up the economy as part of the Atmanirbhar Bharat initiative.
The analysts at Bank of America (BofA) and Nomura maintained their earlier GDP estimates suggesting a contraction of 0.1 per cent and 5 per cent, respectively, for FY21 even after the announcement of the Rs 20 lakh crore economic package.
The market needed steroids and what the FM delivered are homoeopathic medicines
Focus on reforms and credit support betray the government’s inability to come out with quick fiscal steps to salvage the Covid-ravaged economy