Stimulus package: Centre to look at second-round only after COVID-19 fears ebb, says FinMin official
Union Expenditure Secretary T V Somanathan also said 40 per cent of the cash transferred by the government to stimulate the economy earlier has not been spent by the beneficiaries, which reflects people's desire to save due to the uncertainties.
Aug 26, 2020, 02:13 AM IST
India's GDP growth to contract by 20% in June quarter, says ICRA report amid COVID-19 lockdown extension
On May 2, Prime Minister Narendra Modi, however, underlined the need for new structural reforms and expedite work on infrastructure projects to revive the economy reeling under the impact of lockdown.
May 04, 2020, 20:00 PM IST
Urgent need for policy action by India, stimulus package a step in right direction: IMF on COVID-19 pandemic
There is more scope for more "urgent" policy actions in India as the economic toll from the coronavirus pandemic is likely to be "large", a top IMF official said, noting that the fiscal stimulus package unveiled by the government to mitigate the impact of the COVID-19 is a step in the right direction.
Apr 16, 2020, 00:37 AM IST
