Pune: India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday.
The government will encourage public and private investment in infrastructure and manufacturing sectors, Finance Minister Arun Jaitley said on Wednesday making his New Year resolution on a social networking website
The preparations at the government level begin months before. But the obsession in the media sets in just about a fortnight ahead of D Day (‘B Day’ would be more appropriate though). Edit pages of newspapers – and not just of the ‘Pink’ variety – are full of articles by ‘experts’ pontificating on what the […]
New Delhi: Union Minister Arun Jaitley, who returned from the US last week after a medical treatment, will resume office as the Finance Minister on Friday. Official sources said Jaitley will resume function as the Finance Minister and attend the Cabinet Committee on Security (CCS) convened at 9.15 a.m. The CCS meeting has been called […]
The dearness allowance (DA) of the Central government employees has been increased by 3 per cent effective from January 1, 2019, to “compensate” for price rise. This move of the Modi government will benefit 1.1 crore central government employees and pensioners. The cabinet has approved the additional DA of 3 per cent over the existing […]
New Delhi: UPA Chairperson Sonia Gandhi was apparently unhappy over the layout of party manifesto released on Tuesday as she wanted a bigger picture of party President Rahul Gandhi on the cover, sources said on Wednesday. Sonia Gandhi, who did not look her usual self, conveyed her viewpoint to party leader Rajeev Gowda, the convener […]
Islamabad: Asad Umar was removed as Pakistan Finance Minister on Thursday after mounting criticism over the state of the economy. In a tweet, Umar said the move was “part of a cabinet reshuffle” and that Prime Minister Imran Khan offered him the energy portfolio. “As part of a cabinet reshuffle, (the) Prime Minister desired that […]
New Delhi: The Finance Ministry has asked all ministries to report evaluation of Central Sector schemes under them in an effort to decide on funds allocations and requirement of improvements in them prior to the Budget. The Department of Expenditure has sought details on those schemes on budgetary allocation and expenditure pattern in the past […]
New Delhi: Former Finance Minister Arun Jaitley on Wednesday urged Prime Minister Narendra Modi not to include him in the new cabinet, citing his health issues. “During the last 18 months, I have had some serious health challenges. My doctors have enabled me to emerge out of most of them,” Jaitley said in a letter […]
New Delhi: State Bank of India Chairman Rajnish Kumar on Thursday said the bank does not need any capital from the government. “SBI doesn’t need any capital from the government,” Kumar said after a meeting with the Finance Minister for pre-Budget consultations with bankers where capital infusion in PSU banks was discussed. In March this […]
New Delhi: A mini-stimulus to take the economy out of five-year low alongside giving some tax relief to common man may be on the cards, as Finance Minister Nirmala Sitharaman does a tightrope walk balancing the needs of the economy and fiscal constraints in her maiden Budget. The Budget to be presented on Friday is […]
New Delhi: The beleagured power sector may get some relief as Finance Minister Nirmala Sitharaman on Friday said that the government will improve the “Ujwal DISCOM Assurance Yojana” and it will announce a package for the power sector. She also said that the government will come out with new tariff policy for the power sector. […]
New Delhi: Finance Minister Nirmala Sitharaman’s maiden Budget is “mega investment-oriented” with a blueprint to transform India’s economy to reach USD 5 trillion by 2025, India Inc said Friday. While Vedanta Resources Chairman Anil Agarwal termed it a progressive Budget, RPG Enterprises Chairman Harsh Goenka said it was a blueprint to achieve exponential growth. Presenting […]
New Delhi: With an aim to reduce imports along with spurring domestic production, Finance Minister Nirmala Sitharaman has proposed to raise custom duty on over 70 items in the full Budget 2019-20. Traditionally, the governments adjust custom duties to protect domestic industry and sometimes to allow cheaper raw material imports to spur manufacturing sector. In […]
New Delhi: Finance Minister Nirmala Sitharaman Saturday said the NBFC crisis seems to have bottomed out and the government along with the RBI will closely monitor the situation to ensure that the sector comes out of the wood. She further said that the government takes all the steps to keep inflation under check while dismissing […]
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