New Delhi: The government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects as it looks to boost the economy by kickstarting incomplete projects. The decision was approved by the Union Cabinet at a meeting held on Wednesday under the chairmanship of Prime Minister Narendra Modi. […]
New Delhi: In line with Finance Minister Nirmala Sithraman’s policy of discussion with stakeholders on policy matters, in a first the Finance Ministry has started the next budget planning by inviting suggestions on changes in direct and indirect taxes, including their rates, from industry and trade associations. Sitharaman, who had earlier announced additional measures to […]
New Delhi: Finance Minister Nirmala Sitharman on Friday said the government will bring legislation on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks. These legislations will be brought during the Winter Session of Parliament starting coming Monday, the minister told reporters here. These legislations assume significance […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday said cooperative banks would be under the RBI’s prudential norms to prevent any PMC Bank-like situations, there will be a rise from Rs 1 lakh in deposit insurance cover for account holders in the new FRDI Bill and the Finance Ministry will shortly move the proposal before […]
Chennai: Finance Minister Nirmala Sitharaman on Saturday said the government is looking at the methodologies used by credit rating agencies in rating corporates. She also said the Narendra Modi government decided against joining the Regional Comprehensive Economic Partnership as the offer did not match India’s expectations and aspirations. Delivering the sixth G. Ramachandran Memorial Lecture […]
New Delhi: With states not being paid compensation for loss of revenue from implementation of GST since August, Finance Minister Nirmala Sitharaman on Thursday assured the Centre will honour its commitment but did not say by when the dues will be cleared. States that surrendered powers to collect taxes on goods and services after local […]
New Delhi: Facing heat over delay in payment of GST compensation, the central government on Monday released Rs 35,298 crore to states to make up for the loss of revenue due to rollout of the Goods and Services Tax (GST). When GST was rolled out on July 1, 2017, states were through legislation promised to […]
New Delhi: Finance Minister Nirmala Sitharaman here on Saturday launched a common e-auction platform for assets attached by the public sector banks (PSBs). The platform, equipped with property search features and navigational links to all PSB e-auction sites, provides single-window access to information on properties up for e-auction as well as the facility for comparison […]
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 lakh crore of infrastructure projects that will be implemented in the next five years as part of the government’s spending push in the infrastructure sector. Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing […]
Jaipur: Accusing the Congress of indulging in appeasement politics and creating confusion over the amended Citizenship Act, Union minister Nirmala Sitharaman on Sunday claimed that the Congress of today was different from the one which had led the freedom movement as it now stands with those who commit violence. The BJP was clearing confusion among […]
New Delhi: Union Finance Minister Nirmala Sitharaman today met the members of the executive body of News Broadcasters Federation (NBF) in New Delhi. During the meeting, the NBF represented by President Arnab Goswami, Vice Presidents Jagi Mangat Panda and Sanjive Narain, and Secretary-General R Jai Krishna handed over a recommendation to the Finance Minister requesting […]
Chennai: Union Finance Minister Nirmala Sitharaman on Sunday said the Citizenship (Amendment) Act (CAA) is a law to confer Indian citizenship to a person and not a law to cancel citizenship. Sitharaman said during the past six years 2,838 persons from Pakistan, 914 persons from Afghanistan and 172 persons from Bangladesh have been conferred Indian […]
New Delhi: When India’s Economic Survey, which serves as the official report of the state of the economy, talked about Kautilya’s “Arthashastra” and Thiruvalluvar’s “Thirukural”, it turned a nation with a fiscal deficit surpassing 3.3 per cent into a “dominant economic power globally” by “design”. Ironic and detached from political and fiscal reality it may […]
Mumbai: The BSE Sensex plummeted 988 points on Saturday to close below the key 40,000-mark, led by an intense broad-based selloff after the Union Budget for 2020-21 failed to live up to market expectations. Experts said the Budget has been below par considering investors had extremely high expectations from the government to revive the economy. […]
New Delhi: Finance Minister Nirmala Sitharaman on Sunday said the decision not to remove Long Term Capital Gains (LTCG) tax in the Budget was because utility of this tax so far has not been tested due to poor market conditions and therefore government has not been able to assess the returns from it. She was […]
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