US stocks surge on pharma deals, China stimulus talk

Wall Street stocks surged Monday on a string of pharmaceutical deals and speculation of more monetary stimulus in China.

At the closing bell, the Dow Jones Industrial Average was at 17,973.78, up 261.12 points (1.47 percent). 

How brain helps serve the perfect Tennis ace
How brain helps serve the perfect Tennis ace

A new research has shed light on how brain can differentiate between the errors of different magnitudes, like while, fine-tuning a tennis serve; the brain has to distinguish whether it needs to make a slight rectification if the ball barely misses the target or a much bigger correction if it is way off.

‘Obama condoms’ promise ‘ultimate stimulus package for hard times’!

A New York street vendor who sells Obama condoms with the sales pitch ‘It’s the ultimate stimulus package for hard times’ has been arrested for a third time.

Economy still needs stimulus: Pranab

Finance Minister Pranab Mukherjee
today said the ongoing economic recovery is still not
broad-based and depends on stimulus measures, even as the
Budget has partially rolled back these steps.

Govt should not withdraw stimulus: Adi Godrej

Adi Godrej, chairman Godrej Group, in an interview said that he didn’t want the Indian government to withdraw stimulus announced in view of the last year’s global recession till a global recovery was clearly in sight.

Withdrawal of stimulus challenge for policy planners: RBI chief

The Reserve Bank today said the timing of withdrawing the monetary and fiscal stimuli given to spur the economy poses a challenge to the government as well as the apex bank.

Continue stimulus till firm economic recovery: Economists

Economists Friday asked Finance Minister Pranab Mukherjee to continue with the fiscal stimulus until firm economic recovery amid intense speculations about a possible withdrawal of measures taken to spur the economy.

White House credits stimulus with up to 2 million jobs

President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs.

`Stimulus roll-back only after ensuring sustainable growth`

The Centre will be cautious in withdrawing the fiscal stimulus packages given to key-sectors and will do so only after ensuring growth is sustainable in the economy, Union Minister for Commerce and Industry Anand Sharma said.

China will likely spend full amount of stimulus

China`s government will likely spend the full amount of its planned stimulus in 2010, the finance minister said Sunday, despite improvements in its economy and efforts to control bank lending.

Stimulus withdrawal should begin from FY `11: CARE

Rating agency Credit Analysis & Research Ltd (CARE) has suggested that the government may begin withdrawal of the stimulus packages in phases from early 2010-11.

Fed officials see inflation risks, hope on jobs

Senior U.S. Federal Reserve officials placed different emphasis on inflation risks on Thursday, with one warning failure to withdraw support policies soon enough could could trigger inflation while another played down such risks.

Sectoral package for exporters soon, says Sharma

The Commerce Ministry will announce sops for select exporters in the next few days, contrary to the Finance Ministry pitching for a roll-back of the stimulus packages to the industry.

Govt unlikely to offer more stimulus to textile

The government is unlikely to offer more stimulus to the textile sector as data points to a pick-up in exports, mainly to developed countries coming out of an economic slump, the Finance Secretary said on Wednesday.

India Inc wants FM to continue stimulus, reduce corp taxes

India Inc on Tuesday urged the Finance Minister to continue the stimulus packages till firm signs of economic recovery are visible, and also reducing the corporate tax rates.

Balanced approach must on stimulus continuity: Pranab

Finance Minister Pranab Mukherjee
on Thursday said a balance has to be stuck on the issue of
continuity of the stimulus packages.

China to deliver promised stimulus by end of 2010

: The Chinese government will deliver on its commitment to spend 1.18 trillion yuan (USD 173 billion) before the end of 2010, the core of the country`s stimulus package, vice finance minister Zhang Shaochun said on Thursday.

Raise public spending to sustain recovery: CPM

Communist Party of India (Marxist) on Wednesday hit out at the government’s economic growth claims, terming it a “stimulus based recovery”.

Exporters easy target of stimulus pull-out: Com Secy

With turnaround in exports, the Finance Ministry is likely to withdraw a string of fiscal stimulus given to exporters to fill in the "budgetary hole", Commerce Secretary Rahul Khullar said on Wednesday.

India Inc demands stimulus to sustain double-digit growth

India Inc today said the
government should continue with the fiscal stimulus measures
to ensure that the double-digit industrial growth rate is
sustained in the coming months.