Live Blog

14 May, 2020, 04:01 PM IST

Nirmala Sitharaman speech today Live: FM to detail second tranche of stimulus at 4 pm today

In the first tranche, Sitharaman laid out the plan to boost India's small businesses and NBFCs.

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03:38 PM

Closing bell: Sensex plunges 886 points as initial stimulus disappoints; Nifty ends below 9,150

03:37 PM

India's fiscal deficit may balloon to 7.9% in FY21: Report

03:26 PM

Will RBI be doing the heavylifting?

RBI may have to monetise around Rs 6.8 lakh crore of the total economic package so as to complete the funding under the package
RBI has already funded exactly a quarter (250 basis points) of it through LTROs, TLTROs, the 100 basis points CRR cut, and credit lines

03:13 PM

The anatomy of FM's first tranche of Covid cover

03:03 PM

Centre is promising to clear its own payments fast, but that won’t be enough as long as states are strapped for cash while struggling with a migrant worker crisis on top of a public health catastrophe

- Andy Mukherjee, Bloomberg columnist

02:57 PM

This time around, will the FM announce booster packages for farmers, daily wage earners and un-organised sector?

02:31 PM

India needs a bigger stimulus package and money should be put in the hands of people to revive demand

- Abhijit Banerjee, Economist

02:28 PM

5 reasons why FM failed to buoy the bourses

Announcements in tranches; no full stimulus
Short-term relief unlikely
Funding details missing
Quantum of relief not enough
Risks of rating downgrade remain

02:17 PM

The UN slashes India's GDP growth projections to 1.2% in 2020-21

This is a further deterioration from the already slowed growth of 4.1% in 2019. India, which grew at 6.8% in fiscal year 2018, is forecast to recover and clock a 5.5% growth rate in 2021.

02:16 PM

There may be a flip side to FM's EPF cut

Employers may or may not add this saving to the employees' salaries. While the reduction in employees' contribution will be added to their take home salaries it is not clear whether employers will have to add their saving to the employees' take home pay.

If the employers' saving on PF contribution is not added to the employees' salary it would mean a net loss for the employee to that extent.

02:15 PM