Too early to comment on impact of drought, floods: PMOctober 9th, 2009 HYDERABAD - Prime Minister Manmohan Singh Friday said it was to too early to comment on what would be the impact of drought and floods on the country's economy. "It is too early to comment," he said when a journalist wanted to know the impact the drought in some parts of the country and floods in others would have on the economic growth.
Authority to force environmental laws to be set upAugust 19th, 2009 CHENNAI - The central government will soon set up a national authority to enforce environmental laws, minister Jairam Ramesh said Wednesday. "At the state environment and forest ministers' meeting yesterday (Tuesday) in Delhi, there was a broad agreement on this aspect.
US to give $2.3 bn in stimulus for clean energyAugust 13th, 2009 WASHINGTON - The US will give up to $2.3 billion in tax credits to green manufacturers in the latest disbursement Thursday of the government's economic stimulus package. The new credits will go to manufacturers of clean energy equipment including wind, solar, geothermal energy and electric car batteries.
US commerce secretary calls on China to help revive global growth by opening marketsJuly 15th, 2009 US calls on China to open marketsBEIJING — U.S. Commerce Secretary Gary Locke urged China to help revive world growth by opening its markets further and easing currency controls.
Stimulus packge for print media extended till Dec 31July 6th, 2009 NEW DELHI - The government Monday extended the economic stimulus package for the print media by six months till Dec 31.
"Since the print media is still passing through difficult times, the stimulus package for the print media is being extended till December 31, 2009," Finance Minister Pranab Mukherjee said while presenting the budget for fiscal 2009-10 in the Lok Sabha.
Obama: Without stimulus package, economy would have gone into tailspinMay 14th, 2009 Obama defends his stimulus packageRIO RANCHO, N.M. — President Barack Obama says if the government hadn't stepped in to help, the economy would have gone into a tailspin.
Aide says Alaska Governor Sarah Palin will accept most federal stimulus fundsApril 29th, 2009 Aide says Palin will OK most stimulus fundsANCHORAGE, Alaska — Alaska Gov. Sarah Palin will sign bills accepting most of the federal stimulus funds available to the state, her spokeswoman said Tuesday.
China prepares to spend $10B in next portion of stimulus packageApril 26th, 2009 China set to spend $10B more of stimulus packageBEIJING — The Chinese government is preparing to spend 70 billion yuan ($10.3 billion) in the next portion of its previously announced stimulus plan, a state newspaper reported. The planned investment, which will be mainly used on infrastructure projects, will be announced within a week, the Economic Observer said Saturday, citing an unidentified official from the National Development and Reform Commission, China's top economic planning body.
Germany's economy minister says no need for new stimulus packageApril 22nd, 2009 German economy minister against new stimulusBERLIN — Germany's economy minister said Wednesday there is wide agreement that the country needs no new stimulus package now, even as forecasts for this year's economic outlook darken. The German government has put together two stimulus packages worth some euro80 billion ($104 billion), featuring programs such as infrastructure spending and a popular car-scrapping bonus.
China's premier says economy is better than expectedApril 17th, 2009 China's premier sees positive changes in economyBOAO, China — China's Premier Wen Jiabao says the country's stimulus package is starting to pay off and positive changes have taken place in the economy. Speaking at a business forum, Wen said the economy is "better than expected" but warned that global economic recovery will be a "long and tortuous process."
Wen spoke Saturday at the Boao Forum, an annual gathering of government and business leaders on the southern island province of Hainan.
China's premier says stimulus working, Chinese economy is better than expectedApril 17th, 2009 China's premier says economy better than expectedBOAO, China — China's Premier Wen Jiabao said Saturday that the country's stimulus package is working and the economy is "better than expected."
He also vowed to expand the country's domestic demand and pull China out of the global economic slump. Wen spoke at the Boao Forum, an annual gathering of government and business leaders on the southern island province of Hainan.
World Bank forecasts China recovery this yearApril 7th, 2009 BEIJING - A recovery in China, fuelled largely by the country's huge economic stimulus package, is likely to begin this year, the World Bank (WB) said Tuesday in its mid-year report. As countries in the East Asia and the Pacific region prepare for an expected surge in joblessness resulting from the global economic slowdown, a ray of hope may be emerging with signs of the Chinese economy bottoming out by mid-2009, said the report, which is a half-year assessment of the region's economic health.
China concerned over trade protectionism: OfficialFebruary 15th, 2009 BEIJING - China was 'deeply concerned' about trade protectionism, amid fears that such action would aggravate the economic downturn, an official said Monday. Ministry of Commerce (MOC) spokesman Yao Jian told a press conference that China was 'deeply concerned' over protectionism in some countries, which he didn't identify.
Third 'stimulus like' package by month-end: Commerce SecretaryFebruary 4th, 2009 NEW DELHI - The government will come out with a 'stimulus like package' by the end of this month to help the country's corporate sector tide over the impact of the current global financial crisis, Commerce Secretary G.K. Pillai said Thursday.
Second stimulus package this week, says Kamal NathDecember 23rd, 2008 NEW DELHI - In a bid to help the economy tackle the global financial meltdown, the government is expected to come out with its second stimulus package within the next three days, commerce Minister Kamal Nath said here Wednesday. 'We are looking at financial, some liquidity issues, export, and something to stimulate demand and realty also,' Kamal Nath told reporters.