Tag: Finance Minister

New Delhi: The government is targeting the second half of the fiscal year to raise funds through overseas bond sales, Finance Secretary Subhash Chandra Garg said. “We will target the second half,” Garg told IANS in an interview on being asked if this will happen this fiscal. The quantum, timing and number as well as […]

New Delhi: Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman Wednesday said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates. “The data which is given in the Budget is 100 per cent above board…there need […]

New Delhi: Days after Arvind Subramanian’s paper on overestimation of GDP figures sparked a debate, the former Chief Economic Advisor Subramanian on Wednesday came out with further evidence on the topic. One of the key arguments he made was that post-2011 there has been a “collapse” in investment by 9.5 per cent, export by 16.7 […]

New Delhi: Several of ‘maharatna’ and ‘navratna’ companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU tag from some of the entities after its shareholding falls below the threshold 51 per cent mark. […]

New Delhi: Finance Minister Nirmala Sitharaman Friday said the big picture presented in the Budget is backed with a plan to increase investment without compromising on the fiscal consolidation roadmap. Replying after a general discussion on the Union Budget 2019-20 in the Rajya Sabha, the minister said, “Comprehensive steps” have been envisaged for the next […]

New Delhi: Reacting to the death of Cafe Coffee Day founder V G Siddhartha, Finance Minister Nirmala Sitharaman on Thursday said business failures in the country should not be tabooed, or looked down upon. Responding to a debate on the Insolvency and Bankruptcy Code (IBC) in the Lok Sabha, Sitharaman said that businessmen should get […]

New Delhi: Following a meeting with Finance Minister Nirmala Sitharaman on Thursday, India Inc is hopeful of receiving a stimulus from the Finance Ministry aimed at helping revive demand and consumption. The government is holding a series of consultations with industry to ascertain the key causes of the current slowdown and understand ways to fix […]

Bhubaneswar: The Bharatiya Janata Party (BJP) MPs from Odisha have requested Union Tourism Minister Prahlad Singh Patel to include the Jagannath temple in Puri and Sun Temple in Konark in the list of India’s Iconic Tourist Sites. In a letter to the Union Minister, released to media on Friday, the MPs have sought his personal […]

New Delhi: The slowdown-hit economy may soon get a booster dose from the government with Finance Ministry working on a stimulus package for the industry may include a slew of financial measures ranging from tax cuts, subsidies and other incentives. Official sources said the package would not only aim to reduce the cost for the […]

New Delhi: Prime Minister Narendra Modi on Thursday reviewed the state of economy and the likely steps to arrest the current slowdown with Finance Minister Nirmala Sitharaman and senior bureaucrats, sources said. The Prime Minister also reviewed various proposals that might be used to shore up stalling growth, the sources added. The finalised stimulus package, […]

New Delhi: Finance Minister Nirmala Sitharaman on Monday said corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent and the government will support wealth creators. In her maiden Budget in July, she had cut corporate tax for companies with annual turnover of up to Rs […]

New Delhi: Finance Minister Nirmala Sitharaman on Friday proposed to establish an organisation to provide credit enhancement for infrastructure and housing projects with an aim to enhance fund flows towards such projects. Announcing steps to prop up the slowing economy, the minister said that in order to improve domestic bond market, the finance ministry will […]

New Delhi: Finance Minister Nirmala Sitharaman has got loads of support from the Union Cabinet and her party on the steps announced by her to combat the economic slowdown in the country. Prime Minister Narendra Modi gave a thumbs up to the announcements tweeting: “The measures announced by Finance Minister Nirmala Sitharaman will facilitate ease […]

Mumbai: Indian equities along with the rupee which have lately faced headwinds of massive foreign fund outflows along with disappointing quarterly earning results will get a boost via Central government’s policy measures to prop up growth along with falling crude oil prices, experts said. However, the escalation in the US-China trade war and release of […]

New Delhi: The liberal FDI regime is expected to attract foreign players to invest in the country which is facing a slowdown. Seeking to make India more attractive FDI destination globally, Sitharaman had said that government would examine suggestions of further opening up of FDI in aviation, media (animation) and insurance sectors in consultation with […]