Page 248 - Latest Updates on Nirmala Sitharaman
FM's tax cut: Buyback relief for firms as retrospective rule goes
About 18 cos had announced buybacks worth nearly Rs 15,000 crore between April 1 and July 5
 "FM's tax cut: Buyback relief for firms as retrospective rule goes")
FM Nirmala Sitharaman announced loan 'mela' despite banks' reluctance
PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020
 "FM Nirmala Sitharaman announced loan 'mela' despite banks' reluctance")
Corporate tax cut likely to help demand, make consumer goods cheaper
FMCG sector experts said consumer goods will be one of the biggest beneficiaries of the tax cut
 "Corporate tax cut likely to help demand, make consumer goods cheaper")
CSR expansion to boost research impact, rankings for public universities
Scope of CSE spending extended to public funded universities, IITs, national labs and autonomous bodies engaged in research in science, technology, engineering and medicine
 "CSR expansion to boost research impact, rankings for public universities")
Shekhar Gupta: It's Modi vs economy
The struggling economy is Narendra Modi's biggest challenge. He could defy it and continue to rise spectacularly, or fix it miraculously and do even better
Highlights: GST Council announces steps to help tourism, trade
GST council meeting Live updates: All eyes are on GST council's meeting in Goa after the government announced slashing corporate taxes.
 "Highlights: GST Council announces steps to help tourism, trade")
GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffs
Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India
 "GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffs")
GST rate cut on hotel room tariffs: Key takeaways and announcements
GST on railway wagons, coaches increased to 12% from 5%
 "GST rate cut on hotel room tariffs: Key takeaways and announcements")
What more must be done
For the last one month the finance ministry, faced with a severe resource shortage, has been coping as best as it can
 "What more must be done")
FM's tax cuts may give more elbow room to govt to sign the RCEP deal
Key pain point of Indian industry, of being a high-cost producer of goods, substantially reduced; Indian tax on companies now slightly below average Asian level
 "FM's tax cuts may give more elbow room to govt to sign the RCEP deal")
Investor wealth up by Rs 6.8 trillion in a day following FM's announcements
The bull market led the market capitalisation of the BSE-listed companies to soar Rs 6,82,938.6 crore to Rs 1,45,37,378.01 crore in single day
 "Investor wealth up by Rs 6.8 trillion in a day following FM's announcements")
Shaktikanta Das expects growth to pick up from Q2 on govt spending
In a major fiscal booster, the government slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies
 "Shaktikanta Das expects growth to pick up from Q2 on govt spending")
Festival bonanza from FM: Corporation tax rate slashed to boost investments
The measures announced by the finance minister will hit the exchequer by Rs 1.45 trillion a year
 "Festival bonanza from FM: Corporation tax rate slashed to boost investments")
Loud cheer in markets for FM's booster, poised for biggest gain in a decade
Tax on domestic companies will be slashed to 22 per cent from 30 per cent, Finance Minister Nirmala Sitharaman said Friday
 "Loud cheer in markets for FM's booster, poised for biggest gain in a decade")
Big smile and two thumbs up: Industry's response to govt's $20-bn bonanza
The reduction in corporate tax rates follows a series of steps to boost demand and investments after growth slowed to 5% in the quarter ended June
 "Big smile and two thumbs up: Industry's response to govt's $20-bn bonanza")
'First step towards realising Make in India': Experts hail FM's measures
Sitharaman told a news conference that the effective corporate tax rate will be lowered to 25.75 per cent from 30 per cent
 "'First step towards realising Make in India': Experts hail FM's measures")
FM's boosters send markets soaring, add Rs 2.11 trillion to investor wealth
The rupee also rallied 66 paise to 70.68 against the US dollar on announcements made by the finance minister
 "FM's boosters send markets soaring, add Rs 2.11 trillion to investor wealth")
Govt cuts corporation tax to 25.17% for domestic firms; Sensex up 1200 pts
Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 trillion annually
No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman
State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit
 "No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman")
FM defends handling of economy after criticism over lack of fiscal measures
While Sitharaman tweets regularly about her ministry's achievements and her personal life, including her love for making pickles, she's rarely responded to social media criticism