Tag: Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Friday said that Reserve Bank of India (RBI) is working towards for early resolution of Yes Bank issue and she is in constant touch with the Governor. “RBI Governor has assured that there will be no loss to any Yes Bank depositor,” she said, adding that the steps […]

Bhubaneswar: Odisha Finance Minister Niranjan Pujari has requested Union Finance Minister Nirmala Sitharaman to instruct the Reserve Bank of India (RBI) to allow release of Rs 545 crore deposited by Shree Jagannath Temple Administration (SJTA) in Yes Bank. “Various funds related to the temple i.e. Foundation Fund, Corpus Fund and Temple Fund are being managed […]

New Delhi: The Confederation of All India Traders (CAIT) here on Sunday wrote to Finance Minister Nirmala Sitharaman on the possibility of spread of coronavirus through currency notes and urged her to take the required steps. It also urged the government to introduce policies for promoting alternative modes of payment and look at the possibilities […]

Bhubaneswar: A team of BJD MPs led by Prasanna Acharya today met Union Finance Minister Nirmala Sitharaman to discuss about the funds belonging to Puri Srimandir deposited in crisis-hit Yes Bank. During the meeting, the BJD MPs discussed the issue and urged Sitharaman to take steps to resolve it. In response, the Union Minister assured […]

New Delhi: With the GST Council, headed by Finance Minister Nirmala Sitharaman, increasing the GST on mobile phones from 12 per cent to 18 per cent on Saturday, industry experts feel it would hit the industry and the consumers hard. Brands are in no position to absorb this impact. “They will, most certainly, decide to […]

Bhubaneswar: Finance Minister Nirmala Sitharaman on Thursday announced a special relief package of Rs 1.7 lakh crore to provide immediate relief to people in the wake of coronavirus outbreak. The special economic relief package primarily focuses on migrant labourers and daily wage workers. Thanking all the frontline warriors- ASHA workers, Doctors, Nurses, Paramedics, Sitharaman informed […]

New Delhi: With the goal of enhancing digital infrastructure, deploying e-governance and e-services and make the nation digitally empowered, Prime Minister Narendra Modi had launched Digital India. But, amid the nationwide lockdown to curb the spread of COVID-19 disease in the country, the initiative faces the biggest challenge. COVID-19 lockdown has created an unprecedented situation. […]

New Delhi: Banks are ensuring that their branches remain open and ATMs (automated teller machines) functional with adequate cash amid the nationwide lockdown, according to the Union Finance Minister, here on Monday. Taking to Twitter, Finance Minister Nirmala Sitharaman also said banking correspondents were active. “All banks are ensuring that their branches are kept open, […]

Mumbai: Indian banks have technically written off a staggering amount of Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi, as per a reply under RTI from the Reserve Bank of India (RBI). Prominent RTI activist Saket Gokhale had filed an RTI query with the RBI seeking details of the […]

New Delhi: Prime Minister Narendra Modi on Thursday held a “comprehensive” meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic. PM Modi directed that measures should be taken to handhold […]

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced a booster dose for MSMEs including Rs 3 lakh crore collateral free automatic loan for businesses. This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package. Union Finance Minister Nirmala Sitharaman announces emergency credit lines to […]

Union Finance Minister Nirmala Sitharaman on Thursday announced the 2nd tranche of the economic package and said that it will focus on migrant workers, street vendors, small traders and small farmers. The Finance Minister announced free food grains for migrants, loan for ‘Kisan Credit Card’ holders, date extension of Mudra loans and affordable rental housing […]

Focus is on agriculture and allied activities in Finance Minister Nirmala Sitharaman’s third tranche today. Of the 11 measures, 8 relate to strengthening infrastructure, capacities and building better logistics, while the rest 3 pertain to governance and administrative reforms. Follow live updates on the economic package briefing: During the lockdown period, MSP of amount more […]

New Delhi: Speaking to the media here on Saturday, Finance Minister Nirmala Sitharaman announced major reforms in the mining of minerals through a seamless composite exploration-cum-production regime. FM Nirmala Sitharaman said to introduce competition, transparency and the private sector participation in the coal sector, the government would go for the revenue sharing mechanism instead of […]

New Delhi: Union Finance Minister Nirmala Sitharaman today announced the last tranche of Rs 20 lakh crore stimulus package to boost the economy amid the COVID-19 crisis. She announced seven areas to focus on – MGNREGA, health and education-related steps, business and COVID, decriminalisation of Companies Act, ease of doing business, public sector enterprises and […]