Analysts punch holes in Modi's stimulus

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THE ECONOMIC TIMESDaily Newsletter Mon, May 18, 2020 | 05:13 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day Show me the money! Analysts punch holes in Modi's mega stimulus The hype around the Rs 20,00,000 crore government stimulus seems to have fizzled out. ... An ugly recession is heading India's way Vijay Mallya could escape extradition through asylum route Will Sitharaman's package be enough for discoms? Gold loans catch the fancy of Indian financial market Economy to shrink despite stimulus: Economists Chidambaram slams Modi govt's stimulus package RBI may extend moratorium on loan repayment: Report

Debate This Do you think Lockdown 4.0 was really needed? So, India has brought another two wait-and-watch weeks to bear on the virus. By now, the economy watchers are a desperate lot — despondent to see decades of GDP & livelihood gains gone, and unnerved by the spectre of an endless lockdown eventually taking more lives than any virus will. Was Lockdown 4.0 overkill? Join the debate

SENSEX 30028.98 -1068.75 NIFTY 50 8823.25 -313.60 USD/INR 75.91 0.33

Top Gainers NSE 1 company (largecap) appreciated more than 5% Cipla 5.29% More from Gainers Top Losers NSE 58 companies (largecap) price decreased more than -5% M&M Financial -18.20% Chola Inv Fin -16.30% More from Losers

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India should abandon budget gap aim this year, PM Modi's adviser says "Fixing any fiscal deficit target is not possible this year because there are so many unknowns," Rajiv Kumar, vice ch... Spectrum auction likely to be held before October without 5G radiowaves Online sale of smartphones to dominate this festive season 'Amphan' to intensify into super cyclone by Monday evening CBSE announces date sheet for pending Class 10 & 12 board exams COVID-19: IIT Delhi team develops 'risk index' for implementing state-wise lockdown H-1Bs lead to faster earnings growth for US workers: NFAP LG completes removal of deadly Styrene Monomer gas from Vizag, ships back to Korea EU calls for independent probe of WHO's pandemic response Highway construction comes to a halt amid lockdown

Top Slideshow Lockdown 4: Here's what you need to know Top Video Sensex falls 1,069 pts, Nifty below 8,850

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Lockdown, Day 54: Another Sunday extension

CORONAVIRUS UPDATES 17 May, 2020 | 06:11 PM IST SENSEX 31,098 -25.16 NIFTY 50 9,137 -5.90 Gold 47,360 +706.00 USD/INR 75.57 -0.00

Lockdown, Day 54: Another Sunday extension The government extended the lockdown for another two weeks, till May 31, as India's case-count surged past 90,000. Finance Minister Nirmala Sitharaman made life easier for businesses struggling to deal with the side-effects of Covid. As part of the fifth tranche, the government suspended the bankruptcy code for a year. Track the latest updates from the day... COUNT SO FAR Maharashtra tally crosses 30,000-mark 66 more Maharashtra Police personnel test positve Tamil Nadu adds 477 new cases; state tally now 10,585 70 new cases take Rajasthan tally to 5030; toll now 128 One more case in Goa; state tally rises to 16 Odisha now has 828 cases; death toll now 5 Assam count reaches 95 5 more CISF personnel test positive in last 24 hours Andhra reports 25 new cases; total now 2,230 Indore cases rise to 2,470; death toll reaches 100 Delhi death toll reaches 148 World India Tally Toll Tally Toll 46,35,830 3,11,821 90,927 2,872 BOOSTER FINE PRINT Covid-related debt to be excluded from default under IBC No fresh insolvency for next one year Minimum threshold to initiate insolvency raised to Rs 1 crore Most violations under Companies Act to be decriminalised Companies can now list securities directly in foreign jurisdictions All sectors opened to the private sector Borrowing limit of states increased from 3% to 5% Additional funding of Rs 40,000 crore for MGNREGS All districts to have infectious disease hospitals, public health labs AROUND THE WORLD US adds 1,237 deaths in 24 hours China reports 5 new cases, down from 8 a day earlier Brazil's death toll tops 15,000 Italy records 153 new deaths Spain's daily toll below 100 - a first in 2 months DEBATE THIS Will a self-reliant India become a protectionist India? Tell us here

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