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Latest from economic package

Airlines say lack of direct relief may cause downsizing of sector

Indian airlines seeking a comprehensive bailout package said the Centre’s stimulus moves will give little relief considering the fleets are grounded and daily losses are mounting due to the lockdown.

The clampdown on Indian aviation began in mid-February with a ban on flights to and from coronavirus-hit countries.(AP file photo)
The clampdown on Indian aviation began in mid-February with a ban on flights to and from coronavirus-hit countries.(AP file photo)
Updated on May 19, 2020 03:48 AM IST

Economic package has nothing for industry: Retailers

More money should have been put in the hands of consumers to keep demand intact, especially as job losses are imminent, said retailers of apparel, phones, footwear and accessories

Union Finance Minister Nirmala Sitharaman(Sonu Mehta/HT PHOTO)
Union Finance Minister Nirmala Sitharaman(Sonu Mehta/HT PHOTO)
Updated on May 19, 2020 02:40 AM IST

FM Nirmala Sitharaman to announce 5th and final tranche of economic package at 11 am

In her fourth day of the briefing on the stimulus package on Saturday, Sitharaman announced “structural reforms” in 8 sectors - coal, minerals defence production, airspace management, MROs power distribution companies, space sectors, atomic energy.

Sitharaman held her first press conference and shared details of the stimulus package on Wednesday.(Sonu Mehta/HT PHOTO)
Sitharaman held her first press conference and shared details of the stimulus package on Wednesday.(Sonu Mehta/HT PHOTO)
Updated on May 17, 2020 08:55 AM IST

FM Nirmala Sitharaman’s 4th phase of announcement on economic package today at 4pm

Sitharaman held her first press conference and shared details of the stimulus package on Wednesday.

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman during a press conference detailing the centre’s announcement of an economic stimulus package during lockdown at the National Media Centre in New Delhi on Wednesday.(Sonu Mehta/HT PHOTO)
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman during a press conference detailing the centre’s announcement of an economic stimulus package during lockdown at the National Media Centre in New Delhi on Wednesday.(Sonu Mehta/HT PHOTO)
Updated on May 16, 2020 11:48 AM IST

Markets back to winning ways on stimulus lift; Sensex reclaims 32k-mark

After rallying 1,474.36 points during the day, the 30-share benchmark surrendered some gains to settle 637.49 points or 2.03 per cent higher at 32,008.61.

The much-awaited stimulus package announced by the PM cheered the investors on Wednesday which triggered a decent up move in the benchmark as well.(PTI file)
The much-awaited stimulus package announced by the PM cheered the investors on Wednesday which triggered a decent up move in the benchmark as well.(PTI file)
Updated on May 13, 2020 06:03 PM IST
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