In thier joint statement, Sitharaman and Yellen stressed "the importance of fighting financial crimes and on the effective implementation of the Financial Action Task Force (FATF) standards to protect our financial systems from abuse".
Finance Minister Nirmala is scheduled to meet heads of public sector banks (PSBs) on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic.
The Centre announced eight economic relief measures for India Inc, state governments as well as microfinance credit users along with Rs 1.1 lakh crore loan guarantee scheme for Covid-affected sectors.
Finance Minister Nirmala Sitharaman discussed opportunities in India for growth and investment on the back of the reform measures taken by government, during a global investors roundtable organised by the US-India Strategic Partnership Forum (USISPF).
New Delhi: In a relief to savers, Finance Minister Nirmala Sitharaman on Thursday said the government will withdraw orders to cut interest rate on small savings schemes and assured to restore the rates to last quarter of the financial year ending on March 31. In a jolt to savers, the Finance Ministry on Wednesday had […]
New Delhi: Finance Minister Nirmala Sitharaman said on Monday that raising the FDI limit in the insurance sector to 74 per cent was necessary to help insurers deal with issues concerning financial stress. She said this while moving the Insurance (Amendment) Bill, 2021 for consideration and passage in the Lok Sabha. The amendment bill, that […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday in Parliament said imported life-saving drugs including those for spinal muscular atrophy disease for personal use are exempted from basic customs duty but they attract five per cent GST. However, adhoc exemption from goods and services tax (GST) on imported life-saving drugs are given on a case-to-case […]
Bhubaneswar: Senior BJP leader and MP Aparajita Sarangi today met Union Finance Minister Nirmala Sitharaman and apprised her about the problems being faced by the Odisha EPF pensioners. Informing about her meeting with the Finance Minister, Sarangi said that she ‘discussed about the grievances of Odisha EPF Pensioners Association, Bank Retirees Federation and Ex-servicemen who […]
New Delhi: To boost digital payments, Union Finance Minister Nirmala Sitharaman on Monday proposed a Rs 1,500 crore scheme during her budget presentation. “To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote digital mode of payment,” Sitharaman said. Sitharaman also […]
Mumbai: The BSE Sensex soared over 2,000 points on Monday afternoon after Finance Minister Nirmala Sitharaman completed her first digital presentation of the Union Budget for FY21-22. Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National […]
New Delhi: In another bid to boost domestic manufacturing, the government on Monday announced a 2.5 per cent increase in customs duty on mobile chargers and some sub-parts of phones, a move that will make phones more expensive. Finance Minister Nirmala Sitharaman, during her Budget speech, said, “Withdrawing exemptions on parts of chargers and mobile […]
New Delhi: Finance Minister Nirmala Sitharaman on Monday announced a record sum of Rs 1,10,055 crore for Indian Railways of which Rs 1,07,100 crore is for the capital expenditure. She said the national transporter will monetise the Dedicated Freight Corridor (DFC) asset after commissioning. Presenting the Union Budget 2021-22, Sitharaman said, “I am announcing a […]
New Delhi: Stressed that the government is committed to farmers’ welfare, Finance Minister Nirmala Sitharaman on Friday said the MSP regime has undergone a “sea change” to assure price at least 1.5 times of production cost with sharp increase in procurement of foodgrains and payment to farmers. In her budget speech for the next fiscal, […]
New Delhi: The government of India has put a big focus on healthcare in the Union Budget amid the coronavirus pandemic . Union Finance Minister Nirmala Sitharaman announced the ‘PM Aatmanirbhar Swastha Bharat’, to be launched with an outlay of Rs 64,180 crore over six years. A supplementary sum of Rs 35,000 crore has also […]
New Delh: Finance Minister Nirmala Sitharaman on Monday proposed to unleash a massive fiscal expansion in 2021-22 to revive India’s pandemic-battered economy. Accordingly, she proposed to increase the capital expenditure by 34 per cent in Budget 2021-22 in comparison to the previous fiscal BE (Budget Estimate). She presented the Budget in Parliament at 11 a.m. […]
By Navneet Mishra New Delhi: Union Finance Minister Nirmala Sitharaman presented the General Union Budget of 2021 on Monday. The ruling BJP hopes that this Budget would provide relief to the rural poor, farmers and the middle class facing the wrath of the coronavirus pandemic. The BJP is hopeful that there would be several major […]
New Delhi: Indian cricket team’s “spectacular” Test series victory in Australia found a mention in Union Finance Minister Nirmala Sitharaman’s Budget 2021-22 Speech in the Parliament on Monday. “I can’t help but recall the joy that we as a cricket-loving nation felt after the Team India’s recent spectacular success in Australia,” Sitharaman said while she […]
Bhubaneswar: Since Independence, the country has seen a total of around 75 budgets, including interim budgets. The Union Finance Minister Nirmala Sitharaman will be presenting the 76th Union Budget on Monday. Here is a glance at the History of Union Budget In India. When rewinding to Pre-independence India, the fact emerges out is the first […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday promised a “never before” like Union Budget as the government looks to steer the pandemic-battered economy and push growth. While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen […]
New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced a Rs 900 crore grant to the Department of Biotechnology for COVID-19 vaccine research. “We are providing Rs 900 crore for research and development of COVID-19 vaccine. This is being provided for covid suraksha mission, purely for R&D but this money goes to Department of Biotechnology […]
New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provide incentives for new job creation as the government widened stimulus measures to boost the economy. The measures, that also include additional fertiliser subsidy and already announced production-linked inventive scheme for […]
New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer’s contribution […]
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery. COVID-19 active cases have declined from over 10 lakh to 4.89 lakh […]
New Delhi: The Finance Ministry on Friday released Rs 17,287 crore to states including Rs 802 crore for Odisha to enhance their financial resources during the COVID-19 (Coronavirus) crisis. Of this amount, Rs 11,092 crore is towards State Disaster Response Mitigation Fund (SDRMF) to all states. An amount of Rs 6,195 crore has been released […]
New Delhi: With the goal of enhancing digital infrastructure, deploying e-governance and e-services and make the nation digitally empowered, Prime Minister Narendra Modi had launched Digital India. But, amid the nationwide lockdown to curb the spread of COVID-19 disease in the country, the initiative faces the biggest challenge. COVID-19 lockdown has created an unprecedented situation. […]