#fiscalpackage

Budget 2023: A Step Towards Fiscal Consolidation And Reduction In Fiscal Deficit. My take for @abpnewstv @abplivenews #budget2023 #budgetsession2023 #fiscaldeficit #fiscalconsolidation #fiscalpackage https://news.abplive.com/business/budget/budget-2023-a-step-towards-fiscal-consolidation-and-reduction-in-fiscal-deficit-1579447 https://www.instagram.com/p/CoIHX2sPdQH/?igshid=NGJjMDIxMWI=

Risk appetite is looking increasingly on borrowed time as stocks turned sideways. Having lost momentum after last week's sell-off global shares on Friday could only manage a tepid rebound from Thursday's dip amid ongoing worries about the surge in new virus cases in the United States. The number of new daily corona virus cases reached record levels in ten US states this week, putting into jeopardy the reopening of the economy. Fresh doubts about the economic recovery were also raised from stubbornly high weekly jobless claims out of US. Thursday, there wasbetter news elsewhere however as China said the outbreak in Beijing has been contained. The mixed news flow kept Friday's gains and equity markets in check with S&P 500 emini futures indicating a 0.5% rise at the open on Friday on balance despite the latest setbacks in the medical and economic data. The prevalent mood is still one of optimism as investors remain hopeful that a vaccine will be found before the end of the year enabling economies to fully recover from the pandemic. However, even if those expectations were to materialize there are plenty of other risks that markets have been ignoring lately; the main one being the recent souring of sino-us relations Trump's tweet that a complete decoupling from China is a policy option for the US could be one factor buying the safe-haven gold. On Friday the precious metal was last trading up 0.5 percent, though it remains flat on the week. Read the full article

The Prime Minister announced a financial package for various sectors dealing with the coronavirus pandemic Tuesday . . “This package is worth Rs 20 lakh crore, or 10 per cent of India’ Gross Domestic Product. It will empower various different sectors of the society. Rs 20 lakh crore package in 2020 will speed up India’s journey to become self-reliant,” PM Modi said in his address to the nation. . . He said that the Finance Ministry will give details about the package in coming days . . “This package focuses on land, labour, liquidity and law. It will help small industries and MSMEs,” he added . . #economy #economicstimulus #fiscalpackage #PMModi #narendramodi #covid19 #coronavirus #pandemic https://www.instagram.com/p/CAGC1_3nwHG/?igshid=yip7lviy6bor