Modi in May announced in his address to the nation an economic package of Rs 20 lakh crore to tide over the coronavirus crisis under the Atmanirbhar Bharat Abhiyan

This is a nebulous idea designed to mean anything and everything under the sun without the burden of economic logic, facts and evidence

Under the latest stimulus package, FM Sitharaman made 12 big announcements, and allocated funds and ensured credit guarantees to various sectors, including real estate, rural employment, Covid-19 vaccine research and Atma Nirbhar Bharat Rozgar Yojana

Centre may come up with subsidised credit scheme for stressed sectors, including hospitality, aviation, automobile and textiles. Some sectors may even get credit without any collateral, with govt acting as a guarantor

The decision to extend the scheme has been taken in view of the opening up of various sectors in the economy and the expected increase in demand during the ongoing festive season

The Rs 20 lakh crore Atmanirbhar Bharat package was announced by Prime Minister Narendra Modi earlier this year

The latest numbers on ECLGS, as released by the finance ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs)

However, disbursements against this stood at Rs 1,05,926 lakh crore till August 24. The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan packag

Indian Railways aims to generate 800,000 man-days of employment for migrant workers in infrastructure projects over 125 days, until October 31

Taking to Twitter, Ministry of MSME on Wednesday announced that the central government has launched subordinate debt scheme to provide financial facility to stressed MSMEs

Despite an ambitious target, public expenditure on infrastructure - the only functional engine of the economy - is dwindling. That spells bad news for economic recovery

Around 165 railway infrastructure projects worth Rs 2,988 crore are being executed in Bihar, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh, says Ministry of Railways

The loan amounts sanctioned by public sector banks stood at Rs 70,894.59 crore, of which Rs 45,797.29 crore has been disbursed as of July 20, says finance ministry

The loan amounts sanctioned by public sector banks has increased to Rs 69,135.19 crore, of which Rs 41,819.19 crore has been disbursed as of July 15,  says Finance Ministry

As part of this exercise, sources said, he had a meeting on the financial sector of the economy which is an important pillar in reviving growth and demand

Centre's Rs 50,000 crore 'Garib Kalyan Rozgar Abhiyaan' scheme has twin objectives of rehabilitation for reverse migration and stepping up rural infrastructure

Unlock 2.0 in India: International flights may resume in JulyWith Unlock 1.0 set to conclude on June 30, the government is expected to announce fresh guidelines for various sectors, including the aviation industry. After starting domestic flights over a month back with some riders, the government may soon approve air travel on selected international routes from July, IndiaToday.In reported. Prominent routes where air travel may be reinstated include Delhi-New York and Mumbai- Ne...

PM Modi to launch Atma Nirbhar Uttar Pradesh Rojgar Abhiyan: The scheme is aimed to benefit 1.25 crore workers and labourers across 31 districts in Uttar Pradesh

Larsen & Toubro share price closed 6.68% or Rs 60.60 higher at Rs 967.85 against previous close of Rs 907.25 on BSE.

Out of an estimated 1 crore migrant workers who have returned to their villages, 67 lakh workers are expected to benefit from this scheme