Discover and read the best of Twitter Threads about #economicpackage

Most recents (9)

**This #Thread tells how India will deal aggressive chinese after #GalwanValleyFaceOff
** It is imperative to make an an assesment of how to be free India from chinese claws after #IndiaChinaFaceOff
** in this thread we will discuss various economic and political aspect
INDIA VS CHINA:-
******************
recent chinese aggression
1) A Vietnamese fishing boat was drowned by china in south china sea
scmp.com/news/china/art…
INDIA VS CHINA:-
******************
recent chinese aggression
2)china disturbing Malaysian drilling operation

news ..Malaysian oil exploration vessel leaves South China Sea waters after standoff
reuters.com/article/us-chi…
Read 23 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."

#atmanirbhar
7 measures today in 5th tranche

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

#atmanirbhar
#EconomicPackage
●MNREGA allocation for FY21 increased by an additional Rs 40,000 Cr from earlier budget estimate of 60KCr
Read 5 tweets
5th Day, last of the tranches of announcements about #AatmaNirbharBharatPackage , FM starts by quoting PM: "As a nation, we stand at a crucial juncture. Such a disaster is a signal for India. It has brought a message and an opportunity"
"In order to prove the resolve of a self-reliant India, land, labour, liquidity and laws, all have been emphasises in this package"

Particularly the last 2 days have had reforms. Today, we continue in that series:FM
Soon after lockdown, we came out with gareeb kalyan and free grains, pulses; credit to FCI, NAFED and state govt.s for managing the logistical challenge. State govts., NGOs anc Charity orgs. also helped keep migrants within camps.
Read 25 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
By now it is almost clear that Rs20 lakh crore figure announced in the Modi speech was just a 'magic number'. Anyone with basic sense can understand the jugglery. Look closer, the number vanishes into thin air. #EconomicPackage
So far to counter Covid, @RBI has done a reasonable job within its constraints. It has announced significant liquidity infusion. The fiscal response , on the other hand, has been weak.Govt has not found any way to infuse fresh money to give immediate stimulus
#EconomicPackage
In the three pressers, the only significant announcements what resembles an immediate assistance is bank loans backed by bank guarantees. Rs3 trln for MSMEs/ Rs75000 Cr for NBFCs/MFIs. But there are two issues here.
Read 12 tweets
#Thread
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.
indianexpress.com/article/busine…
#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
#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: bit.ly/2UhuEs7
#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: bit.ly/2UhuEs7
#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: bit.ly/2UhuEs7
Read 32 tweets

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