Global signals were weak on Friday. Asian pairs were trading at a loss, reflecting the movements made by their North American counterparts. Share market news today | Sensex, Nifty, stock prices LIVE: Sensex and Nifty began trading in the red for the second day in a row. S&P BSE Sensex …
Read More »Mega boost to ‘Housing for All’ – ₹ 18,000 crore allocated. Meaning
In a mega boost to the government’s ‘housing for all’ mission, Finance Minister Nirmala Sitharaman revealed on Thursday a ₹Additional outlay of 18,000 crore for the urban housing plan. This move will help finalize real estate projects and create new jobs. This will be above and above ₹8,000 crore is …
Read More »Relief for Homeowners, Hiring Boost in Stimulus 3
To ease home buyers, the government on Thursday doubled the tax exemption limit on the price differential between the circular rate and the deal value to 20%, a key component of the new economic stimulus package of 2.65 crore which also includes easy working capital for loans to 26 sectors …
Read More »Third government stimulus could backfire on banks
Once again, the government has relied on financial intermediaries in India to give a third boost to the economy that is already on the way to recovery. The Atmanirbhar Bharat 3.0 package announced on Thursday had 12 measures focused on generating employment, boosting manufacturing activity, helping rural recovery and improving …
Read More »Special EPF Regime for Those Hiring New Employees Amid COVID-19
To create more jobs, Finance Minister Nirmala Sitharaman announced on Thursday a special subsidy plan: Aatma Nirbhar Bharat Rozgar Yojana. Under the scheme, those establishments that make new hires will receive a special EPF subsidy from the central government. The EPF statutory allowance will be awarded for a period of …
Read More »‘Mood in India as well as Moody’s rating improved,’ says government as new stimulus package is announced
Finance Minister Nirmala Sitharaman said Thursday that global rating agency Moody’s has reassessed the country’s growth figures after noting the rapid recovery from Covid-19 in the country. “I would like to announce some new measures in the series of stimulus announcements that we have been making … there are quite …
Read More »Government Plans About $ 20 Billion Of New Stimulus: Report
NEW DELHI: India plans to announce a new round of stimulus totaling about $ 20 billion 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 $ 27 billion over five years …
Read More »Tarun Bajaj, DEA Secretary: Finance Minister to Announce Next Stimulus Package Soon | India Business News
NEW DELHI: Department of Economic Affairs (DEA) Secretary Tarun Bajaj said Tuesday that Finance Minister Nirmala Sitharaman will announce the next set of stimulus package soon and the government is examining the requests and comments received from the industry. “We are actually discussing that. It is difficult for me to …
Read More »Global stocks and US futures win after latest debate between Donald Trump and Joe Biden
Global stocks and U.S. futures advanced on Friday after President Donald Trump and his former Vice President Joe Biden met in their second and final debate before the Nov.3 election. Shares rose in Paris, London and Tokyo on Friday, but fell in Shanghai. The investor debate will refocus on hopes …
Read More »We are working on the next stimulus package: secretary of economic affairs
NEW DELHI: Days after Finance Minister Nirmala Sitharaman said the government remains open to the idea of another round of fiscal stimulus to help revive the pandemic-hit economy, a senior Finance Ministry official said the Wednesday that another aid package is in the works. Economic Affairs Secretary Tarun Bajaj said …
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