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Stimulus package Day 2: Free food, credit & housing in focus as govt unveils sops for migrants, farmers

Stimulus package Day 2: Free food, credit & housing in focus as govt unveils sops for migrants, farmers

by pallanus | May 14, 2020 | Business News

Finance Minister Nirmala Sitharaman on Thursday announced the second tranche of measures to revive the economy hit hard by novel coronavirus outbreak. The second set of measures, part of the Rs 20-lakh crore package announced by Prime Minister Narendra Modi on...
For farmers in Covid-19 package: Emergency fund of Rs 30,000 cr, concessional loan of Rs 2 lakh cr

For farmers in Covid-19 package: Emergency fund of Rs 30,000 cr, concessional loan of Rs 2 lakh cr

by pallanus | May 14, 2020 | Business News

Second tranche of Covid-19 package announced by Nirmala Sitharaman on Thursday provides for emergency fund of Rs 30,000 crore for 3 crore farmers and concessional loan of Rs 2 lakh crore for 2.5 lcrore farmers. In the second tranche of special Covid-19 package, the...
Sensex, Nifty hammered as stimulus details fail to excite

Sensex, Nifty hammered as stimulus details fail to excite

by pallanus | May 14, 2020 | Business News

Indian shares tumbled on Thursday after a poorly received initial stimulus from the government to aid coronavirus-hit businesses, while a gloomy outlook from the head of the U.S. Federal Reserve further weakened sentiment. India’s blue-chip NSE Nifty 50 index...
Stimulus 2.0: Over 2 lakh middle-income homebuyers to benefit from CLSS extension

Stimulus 2.0: Over 2 lakh middle-income homebuyers to benefit from CLSS extension

by pallanus | May 14, 2020 | Business News

Elaborating on the extension of CLSS scheme, Finance Minister Nirmala Sitharaman said it will give a Rs 70,000 boost to the housing sector, which has been hit hard due to the prolonged lockdown.  The extension of the scheme for middle income groups with annual income...
‘One Nation One Ration Card’ by to give easier ration access to migrants by 2021

‘One Nation One Ration Card’ by to give easier ration access to migrants by 2021

by pallanus | May 14, 2020 | Business News

The initiative was announced as part of the government’s Rs 20 lakh crore economic package to help revive the virus-hit economy.  Finance Minister Nirmala Sitharaman. (Photo: PTI) HIGHLIGHTS One Nation One Ration scheme will enable migrant beneficiaries to access PDS...
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