The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the government, she said.
Itanagar: Defence Minister Nirmala Sitharaman will arrive here on Tuesday to celebrate Diwali with troops in Arunachal Pradesh’s Upper Dibang Valley district, a defence official said here. The Defence Ministry confirmed her visit in a tweet on Monday night: “Continuing the tradition of celebrating Diwali with the families of our soldiers, Smt @nsitharaman will celebrate […]
New Delhi: Finance Minister Nirmala Sitharaman’s maiden Budget is “mega investment-oriented” with a blueprint to transform India’s economy to reach USD 5 trillion by 2025, India Inc said Friday. While Vedanta Resources Chairman Anil Agarwal termed it a progressive Budget, RPG Enterprises Chairman Harsh Goenka said it was a blueprint to achieve exponential growth. Presenting […]
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 […]
New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced a new scheme — Remission of Duties or Taxes on Export Product (RoDTEP) — to incentivise exporters at an estimated cost of Rs 50,000 crore to the exchequer. The announcement comes in the backdrop of India’s merchandise exports declining by 6.05 per cent to USD 26.13 […]
New Delhi: India has become a highly competitive investment destination post corporate tax reduction as the rates are now lower than that in China and most Southeast Asian countries, Finance Minister Nirmala Sitharaman said on Sunday. India was earlier at disadvantage because of a couple of factors and on top of it was the high […]
New Delhi: Supporting consolidation in the telecom sector, public policy think-tank Cuts International on Sunday lauded Finance Minister Nirmala Sitharaman for saying that she would not like any telecom operator in the country to shut operations. In a statement here, Cuts Secretary General Pradeep S. Mehta said the functioning of all four incumbent telecom firms […]
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 […]
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 […]
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