Indian equity markets rallied in early trade on Wednesday as the size of the economic stimulus package announced by Prime Minister Narendra Modi is significantly higher than the Street's expectations.

The package of ₹20 trillion, which accounts for 10% of India’s GDP, includes the fiscal and monetary support extended by the finance ministry and Reserve Bank of India earlier.

So, what does the package mean for the markets? Analysts said details of the package and actual execution of it are far from certain, but the broader intent is positive.

They widely believe that the package may have a combination of direct monetary and fiscal stimulus and contingent liabilities.

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COVID-19 hospitalizations decrease slightly as Alberta’s vaccine passport program officially expires

COVID-19 decreased slightly on Wednesday as Alberta’s vaccine passport program officially expired.Premier Jason Kenney announced Tuesday that the restrictions exemption program would be lifted at midnight. The REP came into effect in September, and required Albertans to show proof of double vaccination or a negative rapid test result to obtain entry to businesses operating under the program.

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B.C. bringing in vaccine mandate for all remaining health-care workers

COVID-19, the province is finally implementing the policy.Provincial health officer Dr. Bonnie Henry announced on Wednesday family doctors, dentists, chiropractors, physiotherapists and pharmacists will be required to be vaccinated by March 24, 2022.Henry said there is a process in place for medical exemptions, which can be submitted to her office.“We have been working with the colleges to sort through the details on the notice we put forward in October.

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Rapid tests to be made available for free at Ontario grocery stores, pharmacies

Whether you’re heading to the pharmacy to pick up a prescription or doing your groceries, you’ll now be able to pick up a kit of rapid antigen tests for free. It comes as COVID-19 cases across Ontario are on the decline and the province prepares to lift additional public health measures of the coming weeks.

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Road closures put in place around Queen’s Park ahead of possible protest

Toronto Police has put in place a number of road closures over rumblings on social media that a protest connected to the Ottawa convoy could come to the city. Erica Vella has more.

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Govt. program does not pay for crack pipes, White House says

Man holding a crack pipe. WASHINGTON (AP) - Following outrage on the political right, the Biden administration said Wednesday that a grant program to help prevent additional harm to people who use illicit drugs will not pay for safer pipes to smoke crack or meth."No federal funding will be used directly or through subsequent reimbursement of grantees to put pipes in safe smoking kits," Health and Human Services Secretary Xavier Becerra and White House drug policy adviser Rahul Gupta said in a statement.White House press secretary Jen Psaki said separately that was never the intention, complaining that impression was created by "inaccurate reporting."Monday was the deadline for service organizations and state and local governments to apply for a share of $30 million in federal money for "harm reduction" efforts intended to prevent disease, injury and other collateral trauma to people addicted to illicit drugs.RELATED: 93,000 Americans died of overdoses last year, a new recordThe original request for funding proposals from the Substance Abuse and Mental Health Services Administration had listed "safe smoking kits/supplies" among the items that could be purchased with taxpayer money.

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Smithsonian Museum is asking for pictures from Disney vacations

FILE - Crowds fill Main Street USA in front of Cinderella Castle at the Magic Kingdom on the 50th anniversary of Walt Disney World. Vacation photos have a new use.The Smithsonian National Museum of American History is asking for vacation photos from Disneyland in California or Disney World in Florida.

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2 men charged in string of New Castle County residential burglaries

NEW CASTLE, Del. - Police in New Castle County arrested two men they say are behind a string of home burglaries. Police say the men chose their victims because of their ethnicity.They say crimes similar to these have been reported to multiple police agencies from outside the state, including as far south as Georgia.Watches, jewelry, designer bags and sneakers.

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COVID-19: Ontario health minister says ‘not in the clear’ yet to end proof of vaccination, masking

As Alberta and Saskatchewan drop most COVID-19 restrictions, Ontario Health Minister Christine Elliott said on Wednesday there was no plan to drop the proof of vaccination or masking requirements yet as the province is “not in the clear” to do so.

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The Healing: Black men yoga takes shape to combat mental health

CHICAGO - When friends Tristan Lewis and Andrew Smith invited a few Black men to take part in a yoga class in Chicago in 2020, they didn’t know it would spur a nationwide movement.The two men created The Healing, a nonprofit aimed at promoting mental health for Black men and offering resources for improvement. Services include events where participants can share with each other about various struggles or sessions with mental health professionals.Most notably, the organization offers virtual yoga classes for Black men with the next one scheduled to place on Feb.

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Camden officials distribute KN95 masks, as slow rollout of free masks nationwide begins

CAMDEN, N.J. - Thousands of KN95 masks, recently donated by Cooper University Hospital, were given out in Camden County Wednesday, by city officials, in an effort to help halt the spread of COVID-19.Last month, the U.S. Government announced it would be handing out 400 million N95 masks to everyone in the country and those masks have started to appear in some stores.

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Green Day singer Billie Joe Armstrong's stolen classic car recovered in OC

LOS ANGELES, CALIFORNIA - NOVEMBER 24: Billie Joe Armstrong of Green Day performs onstage during the 2019 American Music Awards at Microsoft Theater on November 24, 2019 in Los Angeles, California. (Photo by Kevin Winter/Getty Images for dcp) ORANGE, Calif. - The Costa Mesa Police Department announced Wednesday the cherished classic car belonging to Green Day’s lead vocalist, Billie Joe Armstrong, has been recovered days after it was reported stolen.Green Day, formed in San Francisco's East Bay Area, is a Grammy award-winning rock band whose biggest hits include "Wake Me Up When September Ends," "When I Come Around," and "Holiday." The band's music is also featured in the musical "American Idiot." On the morning of Feb.

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Lanarkshire locals encouraged to beat winter blues with health walks

Lanarkshire locals are being encouraged to shake off the winter blues with free health walks throughout the area.

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‘It’s a lot’: At least 2M Quebecers infected during fifth wave of COVID-19 pandemic

COVID-19: Quebec announces staggered reopening plan through to mid-March Nearly one million infections have occurred since Dec. 31, Boileau said.The government on Tuesday presented a road map to gradually lifting restrictions over the coming weeks, with most expected to be gone by March 14 — except mask mandates and the vaccine passport system.

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Global COVID cases top 400 million as levels decline again

The global COVID-19 total has passed the 400 million mark early into the third year of the pandemic, with cases last week declining in the world's fourth and biggest surge, fueled by the more transmissible Omicron variant.

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Police: Gunman opens fire on officer during shootout in Germantown, no injuries reported

PHILADELPHIA - No one was injured after a gunman opened fire on a Philadelphia police officer during a shootout Wednesday afternoon in Germantown.Philadelphia Police Sergeant Eric Gripp told reporters that two plainclothes officers in an unmarked car were patrolling the 4800 block of Keyser Street around 2 p.m. when they came upon a shootout between a 23-year-old and a 20-year-old. The officer in the passenger's seat identified himself as police and ordered both men to drop their weapons when one of the men fired towards the officer, Gripp said. The officer ducked behind cover as the suspect attempted to flee down Keyser Street. According to investigators, the officer that was still inside the vehicle drove after the suspect and fired once through the windshield but missed. Both suspects were uninjured and captured nearby due to a massive police response, Gripp said.Investigators believe something happened between the men before police arrived that involved more than just the two gunmen. Gripp said police are still looking for other suspects, but he did not provide a description. "It just continues to speak to level the gun violence that we're seeing almost every day in this city," Gripp said.

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CDC head says COVID-19 mask guidance stands, for now

Today Rochelle Walensky, MD, MPH, the director of the Centers for Disease Control and Prevention (CDC), said the agency is working on updating and evaluating its mask guidance, but said COVID-19 transmission and hospitalization rates were still high throughout the country, and the recommendation of masking in indoor settings regardless of vaccination status remains in place.

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Body of missing Philadelphia woman, Kim Ezell, found on Delaware college campus, family says

Kim 'Darlene' Ezell (Family Handout) NEWARK, Del. - The body of a missing Philadelphia woman has been found weeks after she was reported missing when authorities found her roommate dead inside their home, family members tell FOX 29.The family of Kim Ezell says authorities informed them that they identified a body that was found in a vehicle at the Delaware Technical Community College - Stanton Campus in Newark as their mother. Ezell, 59, was also known as Darlene. Family members say Ezell last spoke to her daughter on the phone on Jan.

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Credit growth withers under lockdown as outstanding loans drop Rs1.36 trillion

MUMBAI : As the lockdown enters its fourth phase, credit growth has clearly taken a beating with outstanding loans shrinking by ₹1.36 trillion between 27 March and 8 May, showed data from the Reserve Bank of India (RBI).

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₹20 trillion covid-19 package

NEW DELHI: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday cleared some key proposals of the government’s ₹20 trillion economic package for the poor and businesses hit by the novel coronavirus pandemic.

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Modi’s approach is to push behavioural change by scaling up the successes among various schemes

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Markets tank as FM Sitharaman’s stimulus disappoints

Indian markets plunged nearly 3.5% on Monday as disappointment over the stimulus package and soaring coronavirus infections prompted investors to dump stocks.

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PM Narendra Modi takes stock as cyclone Amphan set to make landfall

NEW DELHI : Prime Minister Narendra Modi on Monday chaired a high level meeting with officials of the Union home ministry and the National Disaster Management Authority (NDMA), to review the arising cyclone situation in various parts of the country.

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PM Modi seeks advice for May 31 'Mann Ki Baat' which coincides with end of Lockdown 4.0

Prime Minister Narendra Modi has invited ideas and topics for his next episode of Mann Ki Baat. PM Modi will be addressing the 65th episode of Mann Ki Baat on 31 May at 11 am.

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Fifth tranche of economic package will revitalise village economy: PM Modi

NEW DELHI : The fifth and last tranche of economic stimulus announced by the government on Sunday will boost entrepreneurship, help public sector units and revitalise the village economy, Prime Minister Narendra Modi has said.

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Nirmala Sitharaman LIVE: Economic package finale keeps everyone guessing

NEW DELHI : Finance minister Nirmala Sitharaman is expected to make some key announcements today as she addresses the fifth and last press conference on the ₹20 lakh crore economic package announced by Prime Minister Narendra Modi earlier. To revive the Indian economy hit by the impact of coronavirus, the Modi government has decided to make India 'self-reliant' with a combination of several reforms, fiscal and liquidity measures. PM Modi has said that the measures and reforms will create many business opportunities and contribute to economic transformation.

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Fourth tranche of economic package will boost job opportunities: Narendra Modi

NEW DELHI : The economic measures announced by his government on Saturday will create many business opportunities and contribute to economic transformation, Prime Minister Narendra Modi said.

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Nirmala Sitharaman LIVE Updates: FM to release 4th part of economic package

NEW DELHI : After having announced economic package and relief measures for farmers, migrant labourers, MSMEs, SMEs, NBFCs, MFIs and other categories, Finance Minister Nirmala Sitharaman will release the fourth tranche of her ₹20 lakh crore economic package today. As announced the Prime Minister Narendra Modi earlier, the stimulus to revive the Indian economy hit by coronavirus is being released in several tranches. Equivalent to 10% of India's GDP, the economic package includes both fiscal and liquidity measures to make India self-reliant under the 'Aatmanirbhar Abhiyan'.

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Govt must rethink economic package, give money directly to needy: Rahul Gandhi

Former Congress president Rahul Gandhi on Saturday said the government should rework on the ₹20 trillion economic stimulus package, announced to mitigate the damage caused by the coronavirus pandemic, by giving money directly to people to spur demand instead of focusing on a loan-centric approach.

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FM Nirmala Sitharaman unveils scheme to take local produce to global markets

NEW DELHI : Finance minister Nirmala Sitharaman on Friday unveiled a ₹10,000-crore scheme to support local micro food enterprises to go global.

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Nirmala Sitharaman LIVE Updates: FM announces economic package for agriculture

NEW DELHI : Finance Minister Nirmala Sitharaman is releasing the third tranche of the ₹20 lakh crore economic package today with a focus on agriculture, fisheries and allied activities. In the previous two parts of the package, FM's focus was on MSMEs, NBFCs, MFIs, migrant workers, street vendors and small farmers. Prime Minister Narendra Modi has declared that the package is aimed at making India self-reliant. He has also hinted at bringing in several reforms to revive the Indian economy hit by the nationwide spread of the contagious coronavirus disease and the prolonged lockdown.

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Modi’s address on economic package and lockdown 4.0 draws 193 mln TV viewers

NEW DELHI: Prime Minister Narendra Modi’s address to the nation this week on the ₹20 trillion stimulus package and the extension of the covid-19 lockdown drew 193 million viewers across 197 television channels, according to data from the Broadcast Audience Research Council (BARC).

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Markets seen volatile; Asian shares fall on US Fed's recession fears

Indian stock markets are likely to be volatile on Thursday tracking global equities that tumbled after the US Federal Reserve's comments on recession. However, positive investor sentiment due to the Indian government's liquidity and credit flow measures may help offset losses in today's trade. Trends in SGX Nifty suggest a negative opening for key domestic indices.

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₹20 lakh crore economic package

NEW DELHI : As announced by Prime Minister Narendra Modi yesterday, finance minister Nirmala Sitharaman is now releasing details of the ₹20 lakh crore economic package to revive the economy hit by the coronavirus pandemic. Aimed at all sections of the society, including the middle-class, SMEs, labourers, farmers and the industry, the economic package is themed around the 'Self-reliant India campaign'.

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Modi's fiscal package silver lining for small, medium businesses

India's small and medium enterprises (SMEs), which is among the worst-hit sectors amid the covid-19 crisis, hopes that Prime Minister Narendra Modi's ₹20 lakh crore economic relief package would revive liquidity, bringing the sector back to life.

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NEW DELHI: Government bonds declined on Wednesday as investors worried about India's fiscal deficit after Prime Minister Narendra Modi announced a massive ₹20 trillion package to revive the economy, brought low by the lockdown to contain the covid-19 pandemic.

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₹20 trillion package: Five key things to watch out for

NEW DELHI: The Center on Tuesday announced a massive ₹20 trillion stimulus, comprising 10% of India's GDP, to revive the economy that has been brought to its knees by a severe, nearly 50-day lockdown to contain the covid-19 pandemic.

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Markets may rally on govt's economic booster package

Indian stock markets are expected to rise on Wednesday, riding on the economic stimulus package announced by Prime Minister Narendra Modi last night. Rally in SGX Nifty indicate that Indian benchmark indices may see a strong opening.

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Special economic package by PM will definitely prove to be a milestone: UP CM Yogi Adityanath

Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that the economic package announced by Prime Minister Narendra Modi will definitely prove to be a milestone.

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₹20 trillion stimulus: Going by govt's maths, ₹10.71 tn package remains at disposal

NEW DELHI : Prime Minister Narendra Modi's announced ₹20 trillion relief package on Tuesday to help Indian economy kickstart its slowing engine, infected in order to prevent the deadly coronavirus pandemic spread. If analysts work the numbers in Modi's total ₹20 lakh crore economic package, experts estimate that it could be around 10.71 lakh crore.

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Full text of PM Narendra Modi's speech on lockdown, stimulus package

In an address to the nation, Prime Minister Narendra Modi hinted at a continuation of the lockdown India has been under for several weeks but added that the coming phase would be “totally different" from the previous phases, the contours of which will be decided based on the suggestions given by states.

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₹20 tn economic package

Prime Minister Narendra Modi's ₹20 lakh crore special economic package to make India self-reliant and bring the economy back on the track in view of coronavirus-induced lockdown has been hailed by India Inc as transformational and unprecedented.

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Covid-19: Big bang economic package from PM Modi puts the country in reset mode

PM Modi announces a ₹20 trillion stimulus package to reinvigorate the economy and a new strategy to ensure that the country becomes self-reliant

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₹20 lakh cr package to serve interests of poor, farmers, middle class: Amit Shah

NEW DELHI : The Modi government takes decisions in the interest of the country and the just announced ₹20 lakh crore relief package will help the poor, farmers and middle class, Union Home Minister Amit Shah said on Tuesday.

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₹20 tn package for nation's 'self-reliance': 10 points

In his latest address to the nation, Prime Minister Narendra Modi touched upon a lot of things affecting the country during the pandemic. However, the biggest announcement of all is a mega economic relief package amounting to ₹20 lakh crore. PM gave a clarion call for Atmanirbhar Bharat (self-reliant India) during the crisis and he said the package will help achieving that.

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₹20 trillion stimulus package to restart economy

New Delhi: Prime Minister Narendra Modi on Tuesday announced the long-awaited stimulus package of Rs20 trillion for businesses and workers to soften the devastating blow from the coronavirus lockdown that has pushed many companies to the brink of bankruptcy with revenues and cash flows disappearing overnight.

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Modi's Rs20-trillion boost to economy, wants people to be 'vocal about local'

NEW DELHI: Prime Minister Narendra Modi today announced the much-awaited stimulus package that, combining the previous packages announced by the central bank and the government, make it a Rs20 trillion stimulus for the economy. It amounts to nearly 10% of the GDP.

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States ask PM Modi for special financial package

NEW DELHI : Cash-strapped state governments on Monday demanded that Prime Minister Narendra Modi personally intervene to announce a special financial package for them.

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Narendra Modi - Amit Shah - Andhra Pradesh - Kishan Reddy - Rajnath Singh - PM Narendra Modi chairs high-level meeting to take stock of Vizag gas leak - livemint.com - city New Delhi

PM Narendra Modi chairs high-level meeting to take stock of Vizag gas leak

NEW DELHI : Prime Minister Narendra Modi on Thursday chaired a high-level meeting to take stock of the steps being taken in response to the Visakhapatnam gas leak incident in which 11 people have been killed.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

₹20 trillion package: What does it mean for stock markets?

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