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Tag: Fm

Keep Lending To MSMEs, But Support Other Businesses Too: FM To PSBs

New Delhi: Finance Minister Nirmala Sitharman on Tuesday held a review meeting with the Managing Directors of public sector banks (PSB) and asked them to continue reaching out and lending to MSMEs under the collateral-free Emergency Credit Line Guarantee Scheme. In the video conference, she also directed the state-run lenders to try meeting the credit […]

Budget 2020: Sensex Plummets 988 Pts; Nifty Below 11,700

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. […]

Centre Will Honour GST Compensation Payment To States: FM Sitharaman

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 […]

No relief in I-T rates, but cess hiked

New Delhi: Finance Minister Arun Jaitley on Thursday did not provide any relief in the income tax rates for 2018-19, but increased the cess levied on it by 1 per cent to raise Rs 11,000 crore. “The government had made many positive changes in the personal income-tax rate applicable to individuals in the last three […]

BJP MP questions Yashwant Sinha's achievements as FM

New Delhi: Targeting former Finance Minister Yashwant Sinha, BJP MP and President of the party’s Kisan Morcha Virendra Singh Mast on Thursday sought to know Sinha’s own achievements as the country’s Finance Minister. “The concerns Yashwant Sinha has raised (on NDA government’s economic policies) are baseless. He should remember his own terms as the country’s Finance […]

RBI took calibrated approach to balance growth, inflation: FM

Describing the RBI's status quo policy as a calibrated approach to strike a balance between growth and inflation, Finance Minister Arun Jaitley on Tuesday said the government on its part will address the problem of price rise by improving supplies