Discover and read the best of Twitter Threads about #EconomicPackage

Most recents (9)

If we want to win against China in manufacturing & Industries then Central/State government must offer best schemes & support those industries which are regularly paying GST, Income tax & all other dues without any default.

Special #EconomicPackage based on CRISIL Ratings, + 1/4
Financially, Ethically clean, Patriotic companies can only fight with Chinese dragon!

Those having liabilities on own; defaulters & Weak financial background entities can not fight freely as they will fill up there own pockets first & will be ready for next package again. +2/4
Govt will also send strong & encouraging messages to all leading & genuine #Entrepreneurs that “we are with you.”

This will not only boost the Economy but will also help us to fight with China more effectively & strongly.

Note -Helping #startups would be long-term policy +3/4
Read 5 tweets
FM begins 5th and last tranche of economic package announcement by quoting PM Modi's recent remarks on self-reliant India on "land, labour, liquidity & laws."

7 measures today in 5th tranche

2. Health - rural & urban
3. Businesses
4. Decriminalization of Companies Act.
5. Ease of Doing biz
6. PSU
7. Resources for state govt's

●MNREGA allocation for FY21 increased by an additional Rs 40,000 Cr from earlier budget estimate of 60KCr
Read 5 tweets
FM @nsitharaman begins her press conference on the final tranche of the #EconomicPackage. #Covid_19india #COVID2019india #COVID19.
I would like to start by quoting some words of the PM's words today. My announcement today is pegged to that aspect of the speech. "As a nation today we stand at a very crucial juncture. Such a big disaster has brought a message and an opportunity.": FM
In last four days of announcements, we have had several reforms addressing the land, labour, liquidity and laws. We will be continuing that series: FM
Read 41 tweets
Govt to make the final set of announcement on #EconomicPackage shortly.

Promise: Rs 20 lakh crore or 10% of GDP

Story so far

'Size' of the package announced so far acc. to govt version: Rs 18.4 lakh crore


Fiscal cost to the govt: Rs 1.6 lakh crore
% of GDP = 0.8
Source: HSBC India Image
Read 3 tweets
CEEW unpacks #FM Nirmala Sitaraman's announcements on the booster measures to cope with & recover from #Covid19 induced shocks & to build a #SelfReliantIndia. We focus on Power sector, MSMEs, & NBFCs.…
#AatmanirbharBharat 1/n
"Over 1/2 of the INR 5.8L CR stimulus announced today focused on our #MSME sector. 40% of India’s 450 mn informal workers are employed with MSMEs. The recovery of this sector is central to our economic resurgence & the workers' well-being," @GhoshArunabha #AatmanirbharBharat 2/n
"The #MSME sector is also the backbone of India’s #energy transition, and a key source of industrial emissions," @GhoshArunabha.
#AatmanirbharBharat #EconomicPackage #SelfReliantIndia
@someshjha7 @Firstday75 3/n
Read 10 tweets
A collateral-free automatic loan is being given to MSMEs, with a facility of ₹ 3 lakh crores

This will enable 45 lakh MSME units to resume business activity and also safeguard jobs

- FM #NirmalaSitharaman

#AatmaNirbharBharatAbhiyan #EconomicPackage #AatmanirbharBharat
The second measure is for stressed MSMEs, who will be provided 20,000 crore via subordinate debt, will benefit about 2 lakh MSMEs

- FM #NirmalaSitharaman #AatmaNirbharBharatAbhiyan #EconomicPackage
3️⃣ For MSMEs needing handholding, A ₹50,000 crore #FundofFunds through mother fund - daughter fund framework is being created, to expand their capacity and to get listed on markets which they choose

- FM #NirmalaSitharaman #AatmaNirbharBharatAbhiyan
Read 20 tweets
A better way to look at valuations is to ask whether the stock will re-rate, de-rate or stay the same in terms of valuations and what will be the factors for these to happen.

#StockMarket #StocksToTrade #EconomicPackage
I think looking at valuations as to whether they are high, low or fair in absolute terms is not very helpful.

Markets are a combination of Fundamentals + Perception. And trust me perception can keep valuations different from fundamentals for a very long time.
Looking in terms of whether valuation will re-rate or de-rate allows you to avoid going into numbers game of say 80PE is high and 10PE is low. Plus, it prevents you from arguing with what the market is showing you.
Read 5 tweets
This could be a good beginning if it is not the end. Much bigger and broader support needed. #EconomicPackage
This isn't 1.7Lakh cr, looks smaller, net. Increase in MNREGA happens every year. Can't be part of an additional package until the increase is big.
In totality INR73,600 cr seems to be the number which will be under cash transfers or payments. This is 37bps of GDP. Rest are in kind, dependent on PDS and off-take. Impact will be visible once implemented. @EmergingRoy kind comments?
Read 3 tweets
#CoronavirusOutbreak | WHO Director-General Tedros Adhanom Ghebreyesus said that a nationwide shurdown, which is being implemented by India to curb #COVID19, will not be enough to fight the outbreak. | Follow LIVE updates here:
#CoronavirusOutbreak | A three-year-old Indian girl was among the 73 new #COVID19 cases that have been reported in #Singapore in a day, taking the tally to over 600. | Follow LIVE updates here:
#CoronavirusOutbreak | Three persons, all with travel history abroad, tested positive for the novel in #Goa, health department officials said, as the tourist haven joined the states which have reported #COVID19 cases. | Follow LIVE updates here:
Read 32 tweets

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