Chennai: Amid the economic slowdown plunging August sales of automobiles to the lowest since 1997-98 indicating further worsening of demand and investment, Finance Minister Nirmala Sitharaman will elaborate on the decisions and initiatives taken by the Modi2.0 government in last 100 days. She will address media on “Furthering Development — 100 days of bold initiatives, […]
New Delhi: In a big bonanza for the government employees ahead of Dussehra, the Narendra Modi-led Central government is likely to make an announcement soon regarding fulfillment of the long-standing demands of the employees for a hike in the minimum pay. If the latest reports are anything to go by, then it’s time to rejoice […]
New Delhi: As part of the steps taken to boost exports, India will organise annual mega shopping festivals, similar to the ones held in Dubai, to facilitate exchange between global producers and consumers, Finance Minister Nirmala Sitharaman said on Saturday. She said that these “mega shopping festivals” will be held at four destinations across the […]
New Delhi: The government has removed all uncertainties with regard to the export incentive issues and the latest credit enhancement measures will help the sector march ahead, Director General of Foreign Trade Alok Vardhan Chaturvedi has said. Ending uncertainty for exporters, the government on Saturday announced a new scheme for reimbursing input duties and taxes […]
New Delhi: The Union Cabinet on Wednesday approved a blanket ban on e-cigarettes in the country with complete suspension of its manufacturing, import, export, distribution and storage. Addressing the media after the cabinet meeting, Finance Minister Nirmala Sitharaman said the government would pass an ordinance immediately subject to President’s approval to give effect to the […]
New Delhi: Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020. “Tomorrow’s PSB meeting will take up some of the key issues which relate to passing of low cost of borrowing […]
New Delhi: In a public outreach exercise, Finance Minister Nirmala Sitharaman on Thursday said public sector banks will organise credit “shamiana meetings” in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and farmers and banks won’t declare any stressed loan account of MSMEs as NPA till March 2020 […]
Mumbai: Domestic equity benchmark BSE Sensex skyrocketed over 1600 points in morning session on Friday after Finance Minister Nirmala Sitharaman announced a slew of measures to revive the ailing economy. In a major booster to the market, the government has decided to not levy the enhanced surcharge introduced in the Budget on capital gain arising […]
Panaji: The Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman on Friday took an in-principle decision to link Aadhaar with registration of taxpayers under the GST and examine the possibility of making Aadhaar mandatory for claiming refunds. She also said that a committee would also be formed to ensure simplification of […]
New Delhi: The Mahindra Group chairman Anand Mahindra has come out in Finance Minister Nirmala Sitharaman’s support, saying it is not necessary that people always get things right the first time. After a user posted to him that the Finance Minister did not have wisdom to cut corporate tax the first time when she presented […]
Mumbai: Bull run in the domestic stock markets continued for the second straight day as the BSE Sensex rose over 1,200 points on Monday. The corporate tax cut rate announced on Friday that was dubbed as mother of all measures to combat slowdown continued to boost the investor sentiments. At 12.37 p.m., the Sensex was […]
New Delhi: Describing her meeting with the bankers as a “tonic”, Finance Minister Nirmala Sitharaman said on Thursday that there is no liquidity related problems being faced by the private sector lenders and the non-banking financial companies (NBFCs). Addressing the media after meeting the bankers, NBFCs and mutual funds, Sitharaman said that no banks or […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday said the ministries have cleared most of the dues of goods and services to suppliers, mostly MSMEs, and the remaining payments will be done in the next few days. The minister also said that ministries have been asked to provide detailed capital expenditure plans for the next […]
New York: Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the “worst phase” under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Delivering a lecture at the prestigious Columbia University’s School of International and Public Affairs here on Tuesday, Sitharaman said that giving all the […]
Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, said Union Finance Minister Nirmala Sitharaman. The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of […]
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