Stockbrokers (Photo credit: Kamlesh Pednekar) LIVE market updates: India’s benchmark indices failed to sustain a slight recovery and fell more than half a percent in the midday session on Monday, with financials, auto and metals stocks the main downsides. The S&P BSE Sensex fell 350 points to 46,612 and the …
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NEW DELHI: Finance Minister Niramala Sitharaman announced on Thursday an Emergency Credit Line 2.0 Guarantee (ECGLS) scheme for 26 stressed sectors, including energy, construction, real estate, iron and steel manufacturing. Identified by the KV Kamath committee, the entities of these 26 sectors, as well as the health sector, have outstanding …
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New Delhi: India plans to announce a new round of stimulus totaling around $ 20 billion ( ₹Rs 1.5 million lakh) this week to help lift the economy out of its historic contraction, government officials said Wednesday. The package would follow Wednesday’s previous announcement of production-linked incentives worth around $ …
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[ad_1] File photo of Finance Minister Nirmala Sitharaman. (PTI) The government had budgeted Rs 7.8 lakh crore on gross market loans, in the current fiscal, but after the COVID-19 outages, last week it had announced an additional loan of Rs 4.2 lakh crore, bringing the total to Rs 12 lakh …
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[ad_1] NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday announced credit guarantee loans for micro, small and medium-sized enterprises (MSMEs), which are expected to help some 4.5 million units return to business. Announcing the details of the ₹Sitharaman said the 20 trillion fiscal stimulus package said that unsecured automatic loans …
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[ad_1] PM Modi has finally begun to give effect to the rescue plan that takes over a month to prepare. Yesterday afternoon, in his speech to the nation, he released a stimulus the size of around Rs 20 lakh crore (including previously announced steps), or about 10% of the country’s …
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[ad_1] NEW DELHI: The Center announced on Tuesday a huge ₹20 trillion stimuli, comprising 10% of India’s GDP, to revive the economy that has been brought to its knees by a severe blockade of almost 50 days to contain the covid-19 pandemic. Prime Minister Narendra Modi, in announcing the stimulus, …
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[ad_1] Prime Minister Narendra Modi held a series of meetings on Saturday with key cabinet ministers and officials from the economy ministries to reaffirm the second stimulus package to lift the economy reeling under the impact of the coronavirus-induced blockade. Interior Minister Amit Shah, Finance Minister Nirmala Sitharaman, representatives of …
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[ad_1] NEW DELHI: Prime Minister Narendra Modi held a series of meetings on Saturday with key ministers, including Interior Minister Amit Shah and Finance Minister Nirmala Sitharaman, and officials from economy ministries to consolidate the second package of stimulus for the sectors affected by the closure to stop the spread. …
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[ad_1] The statement came even as the country registered up to 1,593 cases and 68 deaths on Friday, bringing the total count to 24,344 and the number of victims to 776. The government said the disease has been controlled and that the positive impact of the restrictions will be visible …
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