[ad_1] MUMBAI : Finance minister Nirmala Sitharaman announced measures worth ₹75,000 crore for liquidity-starved non-banks, mortgage lenders and micro financiers as part of the government’s economic rescue package. The government allocated ₹30,000 crore to buy investment-grade debt of non-banking financial companies (NBFCs), home finance companies (HFCs) and microfinance institutions (MFIs). …
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[ad_1] Latest updates from the stock market: Sensex rises 637 points, Nifty above 9,350; Axis Bank increases more than 7%, Ultra Cement among the best winners NY: Asian stocks were expected to pull back on Wednesday as growing concerns about coronavirus infections and the timing of a vaccine outweighed rising …
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[ad_1] NEW DELHI: Senior congressional leader P Chidambaram mocked the prime minister’s announcement of a Rs 20 lakh crore financial package as “headline and blank page” on Wednesday, saying he was waiting for the finance minister to fill the blank page. Prime Minister Narendra Modi announced new massive financial incentives …
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[ad_1] NEW DELHI: Finance Minister Nirmala Sitharaman will reveal some of the finer details of the Rs 20 lakh crore economic package today. Nicknamed Atma Nirbhar Bharat Abhiyan, the stimulus package represents 10 percent of India’s GDP, which is well above what the industry requested. Analysts set the scope of …
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[ad_1] Shock and amazement. Inspiration and invitation to imagine and dream. Aspirations for an India that shapes the world. Underestimation and subliminal messages. All the rhetorical devices of an effective politician were present in the Prime Minister’s speech to the nation at 8 pm on Tuesday. What was missing was …
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[ad_1] Stock markets are expected to encourage the long-awaited stimulus package announced by Prime Minister Narendra Modi on Tuesday. However, earnings may be limited as investors will wait for finer details before raising the ante. Following the announcement of a Rs 20 trillion package, Nifty contracts traded on the SGX …
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[ad_1] NEW DELHI: Union Minister Nitin Gadkari said Monday that he expects the Center to reveal a financial package in two or three days, noting that the situation “was very bad” despite the three-month moratorium on loan repayments announced by the RBI (Reserve Bank of India). The minister for micro, …
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[ad_1] The Confederation of Indian Industry (IIC) said on Friday that the impact of a prolonged blockade on the economy is severe and demanded a stimulus package of Rs 15 lakh crore, substantially revising its previous estimates of Rs 4.5 lakh crore. IIC President Vikram Kirloskar said the negative impact …
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