Tag: Nirmala Sitharaman

LS passes amendments to Insolvency and Bankruptcy Code

New Delhi: Lok Sabha on Thursday passed amendments to the Insolvency and Bankruptcy Code, with the government asserting that the spirit behind the law is not to allow companies to die. Rajya Sabha has already passed the bill and with its passage in the lower house, the Insolvency and Bankruptcy Code is set to be […]

  • Tuesday, 27 April 2021
Business failures should not be looked down upon: FM

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 […]

  • Tuesday, 27 April 2021
Sitharaman assures industry of steps to revive economy

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 […]

  • Tuesday, 27 April 2021
Include Puri, Konark in iconic tourist list: Odisha BJP MPs

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 […]

  • Tuesday, 27 April 2021
PM Modi reviews economy with Sitharaman, officials

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, […]

  • Tuesday, 27 April 2021
Corporate tax to be cut gradually: Sitharaman

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 […]

  • Tuesday, 27 April 2021
Prepare For New Challenges, Protect Indian Cos From Abuse By Global Firms: Nirmala Tells CCI

New Delhi: Urging the Competition Commission to prepare for dealing with new challenges, Finance Minister Nirmala Sitharaman on Friday said there is a need to protect Indian enterprises from excessive abuse in terms of competition from international players in the changed global economic order. Sitharaman, who also holds the corporate affairs ministry portfolio, flagged the […]

  • Monday, 26 April 2021
FM Proposes Measures To Enhance Fund Flows For Infra, Housing Projs

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 […]

  • Monday, 26 April 2021
Sitharaman gets thumbs up on steps to combat slowdown

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 […]

  • Monday, 26 April 2021
Growth Steps, Oil Prices Set To Boost Equities

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 […]

  • Monday, 26 April 2021
Tax Task Force Recommends New Tax Slabs For Individuals

New Delhi: A government constituted Direct Tax Code task force, headed by CBDT member Akilesh Ranjan, is arguing for a new tax regime for individuals. It has proposed dramatic changes to the Income Tax Act, which dates back 58 years. People earning between Rs 5 lakh and Rs 10 lakh per year may have to […]

  • Monday, 26 April 2021
Govt Announces Mega Merger Of PSBs, Bringing Down Their Number To 12

New Delhi: In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks. United Bank of India and Oriental Bank of Commerce will be […]

  • Monday, 26 April 2021
There will not be single job loss due to merger of banks: Nirmala Sitharaman

Chennai: Finance Minister Nirmala Sitharaman on Sunday allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. “Absolutely, ill informed. I want to assure every union in everyone of these banks to please recall what I have said last Friday. When […]

  • Monday, 26 April 2021
Centre in consultation with several sectors: Nirmala Sitharaman

Chennai: Finance Minister Nirmala Sitharaman on Sunday said that the government is consulting several sectors of the economy and the recent announcement are result of such consultations. Speaking to reporters here days after the mega bank mergers, Sitharaman said that she was ready to talk to representatives of every sector whoever approached her. She said […]

  • Monday, 26 April 2021
GST Council to decide on cutting vehicle rates: Sitharaman

Chennai: Finance Minister Nirmala Sitharaman on Sunday said that the GST Council will take the final call on reducing the tax rate on motor vehicles. Speaking to reporters here, she said that the government is addressing the issues of the automotive segment on the backdrop of the recent slowdown in sales. “One of the suggestion […]

  • Monday, 26 April 2021