Noting this, report comes from Japan media (Sankei) via Reuters:

• Japanese government to compile a supplementary budget of about 13.5 trillion yen ($87 billion)
• to fund a stimulus package to help low-income households and offset rising prices
• government would provide 30,000 yen to low-income households that are exempt from residential taxes and 20,000 yen per child for households with families

There is a strategy to maximizing all the benefits of Congress recent $2 trillion stimulus package in response to the COVID-19 pandemic. It is not just applying for the Paycheck Protection Program (PPP) or tapping into your 401k. In fact, there are actually eight key pieces to the legislation that can assist business owners in one form or another.

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MORE than 10.6 million Australians will receive cash bonuses under a $42b Government plan to boost the economy.

As the Reserve Bank prepares to announce another cut in official interest rates this afternoon, the Government has released details of its plan to support up to 90,000 jobs. It also revealed a $22.4 billion fiscal budget deficit will blow out to $33.3 billion by 2009-10.

Under the economic stimulus package:
FROM March, families eligible for Family Tax Benefit Part A will receive a $950 Back to School Bonus for each eligible child.One-off $950 payments will also be made to: AROUND 1.5 million single-income families who receive Family Tax Benefit Part B; FARMERS and rural-dependent small business owners receiving exceptional circumstances assistance;YOUTH Allowance, Austudy, Abstudy and Education Entry Payment recipients;FROM April, workers earning up to and including $80,000 will get a $950 tax bonus;THOSE earning $80,000 - $90,000 will get $650;PEOPLE earning between $90,000 - $100,000 will receive $300.

The Government will also: INSTALL free ceiling insulation in 2.7 million homes;CONSTRUCT 20,000 public and social housing dwellings and 802 Defence houses;DOUBLE the rebate to landlords who install insulation in rental properties to $1000 INCREASE the Solar Hot Water Rebate from $1000 to $1600;SPEND $850 million on fixing roads, building boom gates for rail crossings and building community infrastructure such as town halls, libraries and sport centres.

Schools will also benefit: ALL 9540 Australian schools will receive up to $200,000 for maintenance and building works; EVERY primary, special and combined Prep - Year 12 school will receive money for large-scale infrastructure such as libraries and multi-purpose halls;ABOUT 500 new science laboratories and language learning centres will be constructed in high schools.Meanwhile, businesses will be eligible for a share of $2.7 billion worth of investment tax breaks. Prime Minister Kevin Rudd and Treasurer Wayne Swan will hold a press conference this afternoon to discuss the plan and the budget and economic outlook.

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A EUR130bn (USD148bn) fiscal stimulus package with numerous tax measures, intended to help revive the German economy following the COVID-19 pandemic, was approved by the Federal Cabinet on June 12, 2020.

To bounce back from the pandemic quickly, India needs a stimulus package of at least 5% of GDP that focuses on broad-based development in laggard eastern states.

Measures announced by the govt, such as tax and loan deferments, are unlikely to boost VC investments.

The post Malaysia’s latest stimulus package gets thumbs down from businesses, investors appeared first on DealStreetAsia.

With 60 per cent of India's population directly engaged in agriculture, and another 200 million landless workers indirectly banking on farming, the real stimulus to the economy can come only if the focus shifts to agriculture, says Devinder Sharma.

Centre plans to raise the total borrowings to ₹12 lakh crore this fiscal

Learn what is green in the stimulus package.

President Trump recently signed a new coronavirus relief bill into law that will help replenish the depleted Paycheck Protection Program (PPP), among other initiatives. Below are the details of the relief package.
Details of the New Bill
The new relief… Read More

The post New $484 Billion Stimulus Package Replenishes PPP and Offers Relief for Hospitals and Businesses appeared first on Anders CPAs.

The chamber said that in keeping up with most economies of the world to institute stimulus measures with 10 percent of the Gross Domestic Product (GDP), the Indian economy would need a transfusion of over $200 billion with an ability to go up to $300 billion, over the next 12-18 months.

Stimulus checks are rolling into bank accounts across the country, but many have experienced confusion about when, and if, their portion of the $2 trillion economic relief package is coming.

Murray River water destined for Adelaide will be reallocated to farmers upstream so they can grow feed for their livestock, as part of a federal drought stimulus package announced today.

Hopes are raised in drought-stricken towns that the Federal Government is on the cusp of delivering a stimulus package, with local mayors urging a generous spend.

The ABC understands drought-stricken towns will be the target of federal stimulus potentially worth hundreds of millions of dollars under a program designed to support regional communities enduring hardship.

A substantive stimulus is required from the government in the form of support to the poor and to the industry, especially MSMEs, it said.

The Kerala government on Thursday announced a Rs 20,000-crore stimulus package to address the economic slowdown caused by the spread of Covid-19.

The historic stimulus Congress passed grants the millions of Americans with student debt a break from their payments for at least six months.

CNBC's Kayla Tausche and Michelle Meyer, Bank of America, join 'Closing Bell' to discuss President Trump's comments that he is not in a hurry to expedite the fourth phase of the stimulus package.

US job gains since financial crisis wiped out. Switzerland faces sharpest economic contraction since 1974. UK and eurozone business activity hit by historic collapse this month as lockdowns choked Europe’s biggest economies.

BW Businessworld’s Manish Kumar Jha in a special edition on States' measures & economic policies for Covid-19, spoke with Kerala Chief Minister Pinarayi Vijayan over the phone. That fact that Kerala boosts of India’s finest public healthcare system & emerges the best state as per Health Index Report, prepared it to respond to pandemic proactively. Along, the critical steps like early health advisory and measures for welfare funds set out a positive message by Kerala’s leadership and to other states to emulate its model of health care & governance. But state has precarious fiscal deficit which is now targeted at Rs 29,295 crore (3% of GSDP) for 2020-21. CM tells all.

Weeks after passing a momentous $2.2 trillion stimulus package, President Donald Trump and House Speaker Nancy Pelosi are already saying they might need another relief bill.The package - the fourth stimulus related to the coronavirus pandemic - may include another round of direct payments to Americans, as 16.8 million jobless claims have been filed over the last three weeks.Here's what the major party stakeholders - including Trump, Pelosi, and Senate Majority Leader Mitch McConnell - are hoping the next stimulus package looks like. Visit Business Insider's homepage for more stories.The federal government made history in late March when it passed into law a $2.2 trillion stimulus package, including an unprecedented expansion of unemployment benefits and a massive $349 billion small business

On Tuesday, Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.

PM Narendra Modi, who held discussions with Amit Shah and Nirmala Sitharaman, on Friday held meetings with different ministries including civil aviation, labour and power.

Confederation of Indian Industry said a substantive stimulus is required from the government in the form of support to the poor and to the industry.

On May 4, the Congress party tweeted a 1.44-minute clip from their conversation and the full interview was released on Wednesday.

In the last week the Indian rupee ended lower by 45 paise at 75.55 on May 8 against its April 30 closing of 75.10.

The broader market outperformed, as the SP BSE Midcap index rose 1.4 percent higher, while the SP BSE Smallcap index was up 1.7 percent.

The Indian benchmarks jumped nearly 3 percent on the closing of the long weekend for the market. The investors are still in hope for the stimulus package by the government.

Suggests ₹2 lakh crore cash transfer to JAM account holders