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Opinion | The government should go for direct spending

Narendra Modi India 2020 economy Government crisis

13.05.2020 - 20:17

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livemint.com:

The Centre’s extra fiscal expenditure this year may only be a fraction of the ₹20 trillion figure declared by our PM for his vision of a self-reliant India.

Even so, it must push that money out There was palpable relief across India as Prime Minister Narendra Modi declared a ₹20 trillion financial package for our corona-crushed economy.

As he said in an address to the nation on Tuesday, this enormous sum of money—about 10% of gross domestic product—would finance the Centre’s latest “self-reliant India" mission, which had been envisioned to draw its strength from five elements.

One, an economy suitably reformed to expand in “quantum" leaps rather than incrementally; two, high-quality support infrastructure; three, a systemic transformation

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Narendra Modi - West Bengal - Jagdeep Dhankhar - Protests across Kolkata amid power, water woes; Mamata says 'have patience' - livemint.com - city Kolkata

23.05.2020 / 16:13

Protests across Kolkata amid power, water woes; Mamata says 'have patience'

The West Bengal CM also denounced the 'negative campaigning' against her government, saying 'this is not the time to do politics'

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Narendra Modi - Centre declares cyclone relief for Bengal, Odisha - livemint.com

22.05.2020 / 18:31

Centre declares cyclone relief for Bengal, Odisha

The Centre on Friday assured advances of ₹1,000 crore to West Bengal and ₹500 crore to Odisha for relief and rehabilitation measures after the two state were devastated by very severe cyclonic storm Amphan.

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Narendra Modi - Sonia Gandhi - Govt should engage in dialogue with all political parties: Opposition - livemint.com - city New Delhi

22.05.2020 / 17:03

Govt should engage in dialogue with all political parties: Opposition

NEW DELHI : Top leaders of opposition parties held a virtual meeting on Friday and demanded that Prime Minister Narendra Modi led union government should engage in dialogue with all political parties in a systematic manner without indulging in ‘showmanship or one-upmanship’. Opposition leaders from 22 parties have also presented a list of 11 demands including more funds for states, direct cash transfers, distribution of food grains, free return for migrants to home and clear exit strategy from lockdown among others.

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Narendra Modi - Anurag Thakur - It's only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur - livemint.com - city New Delhi - India

22.05.2020 / 13:37

It's only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur

NEW DELHI : The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India ‘Atmanirbhar Bharat’, Minister of State for Finance Anurag Thakur said.

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Narendra Modi - Rahul Gandhi - Bhupesh Baghel - ₹1,500 cr paid to farmers under Kisan Nyay Scheme: Chhattisgarh CM - livemint.com

21.05.2020 / 19:53

₹1,500 cr paid to farmers under Kisan Nyay Scheme: Chhattisgarh CM

₹1,500 crore had been transferred to the bank accounts of around 19 lakh farmers in Chhattisgarh under the first installment of Rajiv Gandhi Kisaan Nyay Yojna, Chhattisgarh CM Bhupesh Baghel

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Narendra Modi - Credit growth withers under lockdown as outstanding loans drop Rs1.36 trillion - livemint.com - India - city Mumbai

21.05.2020 / 15:09

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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Narendra Modi - Opinion: No, India doesn’t need a bigger stimulus - livemint.com - India

21.05.2020 / 03:15

Opinion: No, India doesn’t need a bigger stimulus

For now, it’s more important for the government to keep things stable until it’s clear how best to intervene.

Narendra Modi India pandemic economy Government crisis

Narendra Modi - India needs to go local with bees too - livemint.com - India

20.05.2020 / 16:26

India needs to go local with bees too

In his address to the nation on 12 May, Prime Minister Narendra Modi pointed out the criticality of local production. While its implications for industry et al have been discussed, one area where this matters more than anything else is the beekeeping policy. The government needs to be lauded for the attention it has given to beekeeping, with the finance minister herself explaining how important this was for agriculture recently, but the current policy tilt is to encourage beekeeping for honey. Subsequent statements by ministries as a follow-up talk of a Sweet Revolution.

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Narendra Modi - Nirmala Sitharaman - Reset your relationship with employees: FM to India Inc - livemint.com - city New Delhi - India

20.05.2020 / 15:20

Reset your relationship with employees: FM to India Inc

NEW DELHI : Finance Minister Nirmala Sitharaman on Wednesday said Indian industry needs to reset its relation with its employees by engaging with unskilled workers in a professional manner and skilling its employees at all levels.

Narendra Modi Nirmala Sitharaman city New Delhi India covid-19 Government relationship

Narendra Modi - Covid-19: Populism's moment of reckoning - livemint.com - China - city Wuhan - province Hubei

20.05.2020 / 09:53

Covid-19: Populism's moment of reckoning

A backlash against elites brought to power populist rulers who disregard expertise. Will the pandemic now provoke a backlash against the backlash?

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Narendra Modi - ₹20 trillion - livemint.com - India

19.05.2020 / 18:31

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

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Narendra Modi - Markets tank as FM Sitharaman’s stimulus disappoints - livemint.com - India

18.05.2020 / 21:07

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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Narendra Modi - Cash-strapped India's economic plan unlikely to soften coronavirus blow - livemint.com - city New Delhi - India

18.05.2020 / 16:41

Cash-strapped India's economic plan unlikely to soften coronavirus blow

NEW DELHI : India's $266 billion economic rescue package rests mostly on boosting company credit but contains scant new public spending, tax breaks or cash support to revive demand and prevent firms from collapsing, business leaders and economists say.

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Narendra Modi - RBI may extend moratorium on repayment of loans for three more months: Report - livemint.com - city New Delhi - India

18.05.2020 / 09:25

RBI may extend moratorium on repayment of loans for three more months: Report

NEW DELHI : With the government extending the nationwide lockdown up to May 31, the Reserve Bank of India (RBI) is likely to extend the moratorium on repayment of loans for three more months, according to an SBI research report.

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Narendra Modi - PM Modi seeks advice for May 31 'Mann Ki Baat' which coincides with end of Lockdown 4.0 - livemint.com

18.05.2020 / 05:56

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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Narendra Modi - Indian govt will soon take decision on OCI visa issue: Minister - livemint.com - Usa - India

18.05.2020 / 01:07

Indian govt will soon take decision on OCI visa issue: Minister

In a bid to allay fears of OCI card holders over the temporary suspension of their long-term visas, Indian Minister of State for External Affairs, V Muraleedharan, said his government will soon take an appropriate decision on it.

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Narendra Modi - Lockdown 4.0 extended to 31 May, Red zones open to economic activities - livemint.com - city New Delhi

17.05.2020 / 15:07

Lockdown 4.0 extended to 31 May, Red zones open to economic activities

NEW DELHI : Continuing its attempt to provide fillip to the economy whilst combating the spread of covid-19, the Union government on Sunday announced an extension to the ongoing lockdown till 31 May.

Narendra Modi city New Delhi covid-19 guidelines economy Government

Narendra Modi - Lockdown extended to 31 May, MHA yet to announce guidelines - livemint.com - city New Delhi

17.05.2020 / 14:59

Lockdown extended to 31 May, MHA yet to announce guidelines

NEW DELHI : Continuing its attempt to combat the spread of covid-19, the Union government on Sunday announced an extension to the ongoing lockdown till 31 May.

Narendra Modi city New Delhi covid-19 guidelines Government

Narendra Modi - Karnataka extends lockdown till 19 May, awaits fresh guidelines from centre - livemint.com

17.05.2020 / 14:19

Karnataka extends lockdown till 19 May, awaits fresh guidelines from centre

In its order, T.M.Vijay Bhaskar, the chief secretary of Karnataka said that all restrictions will continue for at least another 48 hours to ensure that people do not rush out of their homes and add to the threat of covid-19 in the state

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Narendra Modi - Fifth tranche of economic package will revitalise village economy: PM Modi - livemint.com - city New Delhi - India

17.05.2020 / 13:31

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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Narendra Modi - Nirmala Sitharaman - Nirmala Sitharaman LIVE: Economic package finale keeps everyone guessing - livemint.com - city New Delhi - India

17.05.2020 / 06:21

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.

Narendra Modi Nirmala Sitharaman city New Delhi India economy Government Coronavirus

Narendra Modi - Nirmala Sitharaman - Fourth tranche of economic package will boost job opportunities: Narendra Modi - livemint.com - city New Delhi

16.05.2020 / 16:29

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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Narendra Modi - Karnataka reports 36 new covid-19 cases on Saturday - livemint.com - state Karnataka - state Yediyurappa-Led

16.05.2020 / 14:45

Karnataka reports 36 new covid-19 cases on Saturday

Karnataka has seen a spike in cases over the last few days including 69 who tested positive on Friday marking the highest single day rise since 8 March when the first case was detected in the state

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Narendra Modi - Nirmala Sitharaman - Rahul Gandhi - Govt must rethink economic package, give money directly to needy: Rahul Gandhi - livemint.com

16.05.2020 / 09:49

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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Narendra Modi - Arvind Kejriwal - Metro service only for govt employees, essential service workers, suggests AAP - livemint.com - city New Delhi - city Delhi

15.05.2020 / 19:53

Metro service only for govt employees, essential service workers, suggests AAP

New Delhi: The Delhi government has suggested opening of metro services from next week, but only for government employees and people engaged in essential services, even as it recommended that religious places, gyms and cinema halls remain closed during the fourth phase of the lockdown.

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Narendra Modi - Nirmala Sitharaman - FM Nirmala Sitharaman unveils scheme to take local produce to global markets - livemint.com - city New Delhi

15.05.2020 / 19:53

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.

Narendra Modi Nirmala Sitharaman city New Delhi economy Government

Narendra Modi - States seek more freedom under lockdown 4.0 - livemint.com - India - city Delhi

15.05.2020 / 19:05

States seek more freedom under lockdown 4.0

Delhi’s Aam Aadmi Party government has pitched for easing restrictions and opening markets on alternate days

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Narendra Modi - What states suggest lockdown 4.0 from Monday onwards: 10 things to know - livemint.com - India

15.05.2020 / 16:13

What states suggest lockdown 4.0 from Monday onwards: 10 things to know

As India will enter the fourth phase of the current lockdown which was imposed by the government on 25 March in order to combat the novel coronavirus outbreak in the country, citizens will see a greater relaxations and availability of more services across states.

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Narendra Modi - Nirmala Sitharaman - ₹1 lakh crore fund for agri infrastructure - livemint.com

15.05.2020 / 12:46

₹1 lakh crore fund for agri infrastructure

Finance Minister Nirmala Sitharaman today rolled out the third instalment of the ₹20 lakh crore economic stimulus announced by Prime Minister Narendra Modi, offering funds to improve farm infrastructure and logistics in the agriculture sector. The package would focus on infrastructure and building capacities in the agriculture and allied activities, Sitharaman said.

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Narendra Modi - Will lockdown 4.0 differ from state to state? It might - livemint.com - city New Delhi - state Bjp-Ruled

15.05.2020 / 12:46

Will lockdown 4.0 differ from state to state? It might

While many states are against entire districts being put in red zones due to presence of containment zones, some wanted that right of demarcation of zones be transferred to the states

Narendra Modi city New Delhi state Bjp-Ruled covid-19 economy Government Coronavirus

Narendra Modi - Nirmala Sitharaman - Nirmala Sitharaman LIVE Updates: FM announces economic package for agriculture - livemint.com - city New Delhi - India

15.05.2020 / 11:53

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.

Narendra Modi Nirmala Sitharaman city New Delhi India economy Government Coronavirus Updates

Narendra Modi - Dabur launches support #Vocalforlocal ads for its products - livemint.com - city New Delhi - India

15.05.2020 / 11:53

Dabur launches support #Vocalforlocal ads for its products

NEW DELHI: Inspired by Prime Minister Narendra Modi's speech on promoting local brands and following 'Vocal for local' mantra, consumer goods firm Dabur India Ltd has launched #Vocalforlocal series of campaign for its various brands including ayurvedic Red toothpaste, Amla hair oil, Real fruit juices, Chyawanprash and Hajmola digestive tablets across Facebook, Instagram and Twitter. https://twitter.com/DaburIndia/status/1261223074122174465?s=19

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Narendra Modi - Delhi Metro likely to resume services on certain routes in lockdown 4.0 - livemint.com - city New Delhi - city Delhi

15.05.2020 / 11:11

Delhi Metro likely to resume services on certain routes in lockdown 4.0

New Delhi: The Delhi Metro Rail Corporation (DMRC) may resume its train services on certain routes with some restrictions in the fourth phase of lockdown, the DMRC sources told ANI.

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Narendra Modi - Nirmala Sitharaman - 'One nation, one ration card' scheme explained in 10 points - livemint.com

15.05.2020 / 08:01

'One nation, one ration card' scheme explained in 10 points

'One nation, one ration card' scheme: Addressing the nation on the ₹20 lakh crore Covid-19 relief package announced by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman yesterday said national portability will be achieved in the 'one nation, one ration card' scheme by March 2021 across the country. "This will be implemented by August for 67 crore beneficiaries in 23 states. 67 crore is 83% of the entire PDS system," she added.

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Narendra Modi - Nirmala Sitharaman - Close to 24 mn enrolled in rural job scheme since lockdown: FM - livemint.com - city New Delhi

14.05.2020 / 19:18

Close to 24 mn enrolled in rural job scheme since lockdown: FM

NEW DELHI : Nearly 24 million job seekers in rural areas were enrolled for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) so far since the lockdown was announced, finance minister Nirmala Sitharaman said on Thursday.

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Narendra Modi - Delhi govt tells Centre to allow shops, malls to open on odd-even basis: Report - livemint.com - India - city Delhi

14.05.2020 / 18:59

Delhi govt tells Centre to allow shops, malls to open on odd-even basis: Report

Delhi government on Thursday laid out a list of suggestions to Centre for relaxations in the national capital after 17 May .

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Narendra Modi - Karnataka takes ordinance route to amend APMC, regularise building violations - livemint.com - state Yediyurappa-Led

14.05.2020 / 15:48

Karnataka takes ordinance route to amend APMC, regularise building violations

The ordinance would allow farmers to sell their produce directly to anyone

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Narendra Modi - Nirmala Sitharaman - ₹20 lakh crore stimulus: 5,000 crore credit facility for street vendors - livemint.com

14.05.2020 / 13:29

₹20 lakh crore stimulus: 5,000 crore credit facility for street vendors

Finance minister Nirmala Sitharaman on Thursday announced a ₹5,000 crore special credit facility for street vendors.

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Narendra Modi - Nirmala Sitharaman - Nearly 24 million people in rural areas enrolled for jobs under MNREGS: Govt - livemint.com - city New Delhi

14.05.2020 / 12:50

Nearly 24 million people in rural areas enrolled for jobs under MNREGS: Govt

NEW DELHI: Nearly 24 million job seekers in rural areas were enrolled for work under the national rural employment guarantee scheme so far since th lockdown was announced, finance minister Nirmala Sitharaman said on Thursday.

Narendra Modi Nirmala Sitharaman city New Delhi covid-19 Government

Narendra Modi - Amit Shah - PM's message: Use covid-19 crisis to Make In India, attract firms exiting China - livemint.com - China - city New Delhi - India

14.05.2020 / 10:19

PM's message: Use covid-19 crisis to Make In India, attract firms exiting China

NEW DELHI: Home Minister Amit Shah had said all Central Armed Police Forces (CAPF) canteens will now sell only indigenous products, starting 1 June. Shah’s announcement came after Prime Minister Narendra Modi promised a ₹20 trillion stimulus package for the economy hit by the most stringent lockdown in the world.

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Narendra Modi - Nirmala Sitharaman - Tender loving self-care - livemint.com - China - city Beijing - India

14.05.2020 / 08:12

Tender loving self-care

India on Wednesday banned global tenders for government procurements worth up to ₹200 crore. This was in line with Prime Minister Narendra Modi’s clarion call a day earlier to be “vocal about local", and was part of the first tranche of special measures announced by Finance Minister Nirmala Sitharaman in the country’s effort to mitigate the impact of covid-19 on the economy.

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Narendra Modi - Nirmala Sitharaman - Markets seen volatile; Asian shares fall on US Fed's recession fears - livemint.com - Usa - India

14.05.2020 / 04:09

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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Narendra Modi - Nirmala Sitharaman - Govt’s MSME related reform announcements high on optics, outreach - livemint.com - city New Delhi

13.05.2020 / 16:13

Govt’s MSME related reform announcements high on optics, outreach

NEW DELHI : The National Democratic Alliance (NDA) government on Wednesday reached out to its core support base as it made a slew of announcements on reform measures particularly targeted at aiding the micro, small and medium enterprises (MSMEs), giving relief to salaried class and restoring demand to increase purchasing power.

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Narendra Modi - Nirmala Sitharaman - Government provides further liquidity support to NBFCs, HFCs, microlenders - livemint.com

13.05.2020 / 15:49

Government provides further liquidity support to NBFCs, HFCs, microlenders

These stimulus measures come a day after Prime Minister Narendra Modi announced the 'Atmanirbhar Bharat Abhiyan' package worth ₹20 lakh crore to kickstart the economy following the nationwide lockdown

Narendra Modi Nirmala Sitharaman economy Government crisis Coronavirus

Narendra Modi - Nirmala Sitharaman - Will boost liquidity, empower entrepreneurs: Modi on Sitharaman's announcements - livemint.com - city New Delhi

13.05.2020 / 15:20

Will boost liquidity, empower entrepreneurs: Modi on Sitharaman's announcements

New Delhi: Prime Minister Narendra Modi said the announcements made by the government on Wednesday to boost the economy will go a long way in addressing issues faced by businesses, especially MSMEs.

Narendra Modi Nirmala Sitharaman city New Delhi covid-19 economy Government Coronavirus

Narendra Modi - Vector borne diseases to strain health systems more as India braces for monsoon - livemint.com - city New Delhi - India

13.05.2020 / 13:22

Vector borne diseases to strain health systems more as India braces for monsoon

NEW DELHI: Its double whammy for India amid the covid-19 outbreak as the upcoming monsoon season may trigger a surge in vector borne diseases such as dengue, malaria and chikungunya.

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Narendra Modi - Nirmala Sitharaman - ₹3 lakh cr for MSMEs - livemint.com - India

13.05.2020 / 12:41

₹3 lakh cr for MSMEs

Finance Minister Nirmala Sitharaman on Wednesday laid out the contours of the ₹20-trillion mega economic relief package announced by Prime Minister Narendra Modi on Tuesday.

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Narendra Modi - At 10% of GDP, Modi's 'self-reliant India' mission ranks among biggest in world - livemint.com - Japan - city New Delhi - Usa - India - Germany - Australia - Sweden

13.05.2020 / 12:40

At 10% of GDP, Modi's 'self-reliant India' mission ranks among biggest in world

New Delhi: Prime Minister Narendra Modi's pledge of a total spending of ₹20 lakh crore to weather the fallout of coronavirus pandemic is among the largest economic stimulus package announced by nations around the world.

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COVID-19

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

Detail statistic

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