PHL not investing enough in ‘green’ stimulus – ING

BusinessWorld Online
THE Philippine stimulus package to bring the economy back from the coronavirus crisis has neglected to target “green” and sustainable projects that could help ensure a stronge recovery, ING Bank said.

ING Bank N.V. Philippines, quoting its report, “Asia’s Lamentable Green Response to COVID-19,” said “green” spending in the Philippines’ stimulus package was zero, putting it in the same…

Punjab CM seeks liberal fiscal package from PM Modi

Press Trust of India
Chandigarh, Aug 11 (PTI) Punjab Chief Minister Amarinder Singh on Tuesday sought from Prime Minister Narendra Modi a liberal financial package to fill the revenue collection gap caused by the COVID-19 pandemic. The chief minister raised the demand during a video conference meeting of the prime minister with chief ministers to review the coronavirus situation. Punjab has seen 50 per…

‘PM to present outline for self-reliant India on Aug 15’

Rediff.com
Prime Minister Narendra Modi will present a new outline for a self-reliant India in his address to the nation from the ramparts of the Red Fort on August 15, Defence Minister Rajnath Singh said on Sunday.

Speaking at an event, Singh also referred to the defence ministry’s decision to ban import of 101 military weapons and platforms and said “big and tough” decisions are being taken in…

Republicans want Trump to issue executive orders after coronavirus stimulus talks fall apart

USA TODAY
WASHINGTON — White House negotiators say talks with congressional Democrats have fallen apart over a coronavirus stimulus package and they will recommend President Donald Trump take executive action on a number of programs aimed at helping Americans. House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., met for more than two hours Friday with Treasury…

The US needs to stop acting as though it has ‘infinite fiscal space,’ and provide more targeted coronavirus stimulus, a top economist warned

The Business Insider
Any further US stimulus should be targeted at medium-sized businesses, rather than being broad-based, Chicago Booth Business School economist Raghuram Rajan said Thursday.

“Just because one can spend at this point, doesn’t mean one has a blank cheque,” he said on Thursday.

The former Indian central bank governor is of the opinion that further government aid should be directed at…

Treasure Coast counties, Sebastian helping small businesses hit by coronavirus

TC Palm
Stimulus cash that was part of the coronavirus relief package will continue to roll out via direct deposit and actual checks in April and early May, though some may get their money later.

All three Treasure Coast counties are offering economic relief to smaller businesses hard-hit by the COVID-19 pandemic.

The money comes from the federal government through the state.

Each…

Pandemic provides unique opportunity to expand business by acquiring distressed assets

The Economic Times
In this ‘new normal’, deal making in distressed assets is a beacon of hope for the sluggish economy to create synergies and economies of scale. With the plethora of disinvestments in the stimulus package announced by the Government of India, investment in such distressed assets of public companies may also be on the rise.

Getty ImagesIn the case of large-scale distressed M&A…

Stimulus package, Covid fund and more: How govt is planning to boost economy

India Today
Sources said government officials are holding regular meetings with corporate leaders on what is required for the next phase of economic recovery. Another stimulus package and a Covid fund are some of the popular suggestions given by corporates.

Many corporate leaders, in recent meetings with finance ministry officials, said they have put forth their demand of setting up separate…

Covid-19 economic stimulus tied with Coronavirus vaccine: CEA

The Telegraph india
The chief economic adviser’s suggestion that the next fiscal stimulus should come after a Covid-19 vaccine is found is bizarre

Policymakers in India appear to have lost their sagacity and their savoir faire. What on earth should one make of the statement by the chief economic adviser, Krishnamurthy Subramanian, that the Narendra Modi government will come out with the next round of…