Tag: Nirmala Sitharaman

New Delhi: The all-powerful GST Council, in its 38th meeting here on Wednesday, voted for uniform rate of 28 per cent on lotteries across the country. During the voting, 21 states voted in favour of a uniform rate. This is the first time since the launch of the new indirect tax that the Council has […]

New Delhi: Finance Minister Nirmala Sitharaman on Friday asked the public sector banks (PSB) to use funds for retail lending and to provide liquidity to the NBFCs instead of parking it with the Reserve Bank of India (RBI). Speaking at an Assocham’s centenary event, Sitharaman asserted that there was a lot talk about there liquidity […]

New Delhi: Finance Minister Nirmala Sitharaman on Saturday instructed public sector banks to clear pending vigilance cases against their officials for alleged malpractices. The minister also said no Merchant Discount Rate (MDR) charges will be applicable on select modes of payment from January 1. The modes of payment will be notified soon, Sitharaman said after […]

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 dubbed the proposal of some states to not implement the Citizenship Amendment Act as ‘unconstitutional’ and said it was the responsibility of all states to ensure that the law passed in Parliament is executed. “A state assembly has passed a resolution against CAA. It is like making […]

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: Finance Minister Nirmala Sitharaman on Monday kicked off the countdown to the Union Budget on February 1 by joining the ‘Halwa’ ceremony and with this, the Budget paper printing starts under utmost secrecy. Sitharaman, MoS (Finance) Anurag Thakur participated in the ‘Halwa’ ceremony on Monday, which was held at the Finance Ministry in […]

Chennai: Finance Minister Nirmala Sitharaman has said the government’s earnest attempt was to decriminalise everything that has to do with Companies Law or related acts as part of initiatives towards a USD 5 trillion economy. She said the government does not want a law that could treat every business house with suspicion. Delivering the Nani […]

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 […]

New Delhi: Emphasising on doubling the farm income of farmers across the country by 2022, Union Finance Minister Nirmala Sitharaman in her 2020-21 Budget speech said that the government has provided 11 crore farmers under Aspirational India programme. “Under Aspirational India programme, the first point is agriculture, irrigation and rural development. We are committed to […]

New Delhi: Government will reduce its stake in state life insurer LIC through an IPO, Finance Minister Nirmala Sitharaman said on Saturday. “Government will list LIC on the stock exchanges”, she said in her Budget speech. This could be the country’s biggest initial public offering in recent times, the government will list Life Insurance Corp […]

New Delhi: Finance Minister Nirmala Sitharaman on Saturday cut short her Budget speech as she felt unwell after speaking for a record 160 minutes in Lok Sabha. Sitharaman had only two pages of her Budget speech unread when she appeared uneasy and was seen wiping sweat from her forehead. She was offered candies by her […]