POLL-Australia’s economy out of recession, but recovery path bumpy

The worst is over for the Australian economy as coronavirus infections recede and fiscal and monetary stimulus begin to work, but lower immigration and high unemployment will keep the recovery path uneven, a Reuters poll showed.

BENGALURU, Oct 27 (Reuters) – The worst is over for the Australian economy as coronavirus infections recede and fiscal and monetary stimulus begin to work, but…

Concerns over US fiscal stimulus, Covid-19 surge ..

Concerns over US fiscal stimulus, Covid-19 surge roil global markets

The markets globally were off to a rocky start to the week, with rising Covid-19 infections in the US and Europe — coupled with the delay in the much-awaited fiscal stimulus deal in the US — keeping investors worried about the economic outlook.

Reacting to the weak sentiment in the world markets, the Sensex ended at…

Stimulus 4.0: Centre Likely to Announce Measures For Industries Ahead of Diwali | What to Expect

If reports are to be believed, the economic measures are likely to include a push for infrastructure in urban projects, extension of the production-linked incentive (PLI) scheme to more sectors, and sector-specific relief for hospitality and tourism industries.

New Delhi: Worst-hit by the coronavirus-induced lockdown, the…

Gulf Times – Business

Gulf Times
India sets aside $7bn to vaccinate world’s second biggest population

India’s government has set aside about 500bn rupees ($7bn) to vaccinate the world’s most populous country after China against the coronavirus, according to people with knowledge of the matter.

Global stock markets mostly flat as Covid-19 cases spike

Global stock markets were steady yesterday following sharp losses…

POLL-Indian economy set for a near double-digit contraction this FY

Reuters India
* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=INGDPQP GDP long-term poll data

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=INCBIRQP RBI rate long-term poll data

* Reuters poll graphic on India economic growth and monetary policy outlook: tmsnrt.rs/3ocSEcQ

BENGALURU, Oct 22 (Reuters) – The Indian economy will suffer its deepest…

Market looks forward to Q2 results, end to moratorium saga, update on stimulus

Money Control
IT, telecom, pharma and banks will be the sectors in focus with positive bias.

In September, the broad Indian equity market corrected by 10 percent. The key factor was that the economy needed additional support with fiscal sops which was getting delayed. In the US, the delay was due to the presidential election while the EU is waiting for the US election result and in India, the…

PM Modi’s leadership helping Odisha come out of COVID-19 disruption, outlines Rs 22,000 crore help: Dharmendra Pradhan

New Delhi [India], October 16 (ANI): Asserting that the sensitive leadership of Prime Minister Narendra Modi is helping Odisha come out of COVID-19 disruption s, Union Minister of Petroleum, Natural Gas and Steel on Friday outlined over Rs 22,000 crore help extended…

Will the Government?s Attempt to Boost Consumption Succeed?

In May 2020, when the government announced an Atmanirbhar Bharat stimulus package of over Rs 20 lakh crore— purportedly equal to 10% of GDP, many investors couldn’t trust what they heard. But in reality, the package was nothing more than 1% of GDP, a damp squib!

The government allocated Rs 1 lakh crore to the agriculture sector for building farm-gate infrastructure and pumped in Rs…

Stimulus 2.0 has minimal firepower to support growth, says Moody’s

India’s second round of stimulus package will provide limited support to growth and highlights budgetary constraint to back the economy during a very sharp contraction, rating agency Moody’s said on Thursday. On October 12, Finance Minister Nirmala Sitharaman unveiled its second round of fiscal stimulus, amounting to Rs 46,700 crore ($6.4 billion), which is about 0.2 per cent the gross…