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Topic: fiscal stimulus

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Room for more fiscal support for India’s vulnerable households & SMEs in near term: IMF

A complete, successful implementation of the existing support measures is of paramount importance, said Vitor Gaspar, Director of IMF's Fiscal Affairs Department.
Migrant workers and labourers stand in queues to board buses to their homes on the outskirts of Ghaziabad Monday. | Photo: ANI

C. Raja Mohan on probe into Covid origin, more tapasya & tyag for labour, says Mahesh Vyas

Today's political, economic & strategic punditry from Arundhati Katju, Mahesh Vyas, Sanjay Hegde & more.
Migrant workers jostling to board buses at Ghaziabad's Ramlila Maidan Monday | Photo: Suraj Singh Bisht | ThePrint

‘Countless’ & ‘homebound’ migrants’ crisis in Mint & Express, Telegraph’s Mahabharat analogy

A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.
Workers sort bags of tea at a factory in Cachar, Assam | Representaional image | Nicolo Filippo Rosso | Bloomberg

Revised MSME definition is a long-awaited reform but not enough to address bloating sector

Complex labour laws & regulations were responsible for the creation of dwarf entities in India. MSMEs will need many reforms to scale up and be competitive.
A cashier counts Indian rupee bank notes. | Photographer: Dhiraj Singh | Bloomberg

Govt revenues could fall short by Rs 4 lakh crore, little space for stimulus: India Ratings

Revenue shortfall will be equivalent to the additional government borrowings, the agency estimates, expecting a contraction in both tax and non-tax revenue.
PM Modi's Covid-19 address on 14 April. Photo | YouTube

Modi’s stimulus speech adds to a sense of uncertainty. And that kills investment

Modi govt’s aim at this stage of Covid crisis should be to maintain India’s capability to rebound when the more stringent aspects of the lockdown have passed.
Prime Minister Narendra Modi | PTI

Modi govt just needs to fire more fiscal bullets, it can take aim later

The spending isn’t enough. But even if fired first and aimed later, the fiscal bullets might still influence the depth and duration of the recession.
Finance Minister Nirmala Sitharaman at a press conference Wednesday | Photo: ANI

Haseeb Drabu sees no bailout, Bibek Debroy on Crusoe economy, Shankar Acharya says open up

Today’s political, economic & strategic punditry from Sanjaya Baru, Harsh Mander, Jayati Ghosh, Prabhat Patnaik, Bibek Debroy and more.
Prime Minister Narendra Modi addressed BJP workers on the party's foundation day Monday | Photo: ANI

Rs 20-lakh crore: Aaj Tak on ‘oxygen’ support to MSMEs, Modi’s ‘vaccine’, says Sardesai

A quick take on what prime time TV news talked about.
Finance Minister Nirmala Sitharaman | Photo: Suraj Singh Bisht | ThePrint

Nirmala Sitharaman’s ‘safe’ plan to stimulate economy, ICMR’s flip-flop on plasma therapy

In episode 469 of #CutTheClutter, Shekhar Gupta discusses the first tranche of Modi govt's fiscal package and ICMR's plasma controversy.

On Camera

Democratic presidential nominee Joe Biden (R) and US President Donald Trump speak during the first US presidential debate in Cleveland, Ohio, on 29 September

Trump-Biden debate had no highlights, only lowlights

The first presidential debate between President Donald Trump and his democratic challenger Joe Biden must have been one of the nastiest presidential debate in US history.
File image of Department of Economic Affairs Secretary Tarun Bajaj | Photo: ANI

India will not meet its Rs 2.1 lakh crore disinvestment target in 2020-21, DEA secretary says

Govt retains its Rs 12 lakh crore borrowing limit for the full financial year, which means it can borrow Rs 4.34 lakh crore in the second half.

Defence

File image of the OFB pavilion at DefExpo 2016 | Representational image | Twitter | @SpokespersonMoD

Ordnance factories hit back at Army claims, cite export orders, accidents of other equipment

In a statement, OFB said only 19 per cent of the accidents involving defence ammunition between January 2015 and December 2019 could be attributed to the board.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.