The funding of the deficit is primarily going to be via market borrowing, National Small Savings Funds (NSSF), short term borrowings and drawdown of cash balances

Banerjee sought to know where the money of the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) fund is and wondered why no audit was conducted in it

The central government on Thursday provided incentives for new job creation with the announcement of its new stimulus package, Atmanirbhar Bharat 3.0. Finance Minister Nirmala Sitharaman listed 12 measures under Atmanirbhar 3.0 with a total outlay of over Rs 2.65 lakh crore. Watch as Uday Kotak, MD, Kotak Mahindra Bank, shares his point of view on the new stimulus package and how direct transfer of cash for job creation will address the basic problems of Indians.

FM Nirmala Sitharaman Press Conference Live: FM Sitharaman's announced several stimulus measures to revive the ecomony on Thursday, November 12. Among several of them, she announced new subsidies for employers and employees under the Atmanirbhar Bharat Rozgar Yojana Subsidy

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

Virmani lists out 14 major reforms carried out by the Modi government, while also mentioning that six more were pending to be implemented in the current financial year

The Lower House later approved the first batch of the supplementary demands for grants, mainly to enable the government meet expenses for combating the COVID-19 pandemic

BT's panel of experts on how to fire up the four engines of the economy - and where to find the money

Of the additional expenditure of Rs 2.36 lakh crore, the most notable expenditures include Rs 44,340 crore to provide additional allocation under Post Devolution Revenue Deficit Grant to states

\"The 23.9 per cent contraction in Indiacompares with a drop of 12.4 per cent in Italy and 9.5 per cent in the United States, two of the most COVID-19-affected advanced countries,\" Rajan wrote in a post on his LinkedIn page

Economists suggested the stimulus to be 2% of the GDP and should be shared between central and state governments so that the burden is evenly distributed between them and benefits are also shared in the same proportion

In a bid to bridge state government's revenue gap, the Centre has decided to increase borrowing limits of states from 3% to 5%, which will give them extra resources of Rs 4.28 lakh crore

The Centre provides Rs 6,000 per year in three equal instalments under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme that was launched in December 2018

Essentially, neobanks are like traditional banks, but with a strong digital touch and customised solutions. They do not have direct banking licences by the RBI. They tie up with traditional banks to provide banking services licenced to them, but with digital tools

Finance Secretary Pandey said that UPI and Adhaar-enabled payment system helped the government transfer Rs 500 each to 19.36 crore of women Jandhan account holders and Rs 2000 to 8 crore farmers for three months at the click of a button

Rajeshwar Singh, Joint Director of ED's Lucknow zone, confirmed the development and said all 20 officers of his unit have tested negative for COVID-19 and they have resumed office

Uday Kotak said a fine balance between the fiscal deficit and financial health of the Indian economy is the need of the hour

The reason India finds itself in the comity of nations that can't afford a big stimulus to stoke economic growth is the 8 quarters of wait-and-watch game played until coronavirus hit us

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

The non-payment of dues is despite repeated government announcements to not deduct wages or lay off workers amid the coronavirus lockdown