Page 251 - Latest Updates on Nirmala Sitharaman
FM unveils merger of 10 govt banks to revive economic growth from 5-yr low
The exercise, seen together with the previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017
 "FM unveils merger of 10 govt banks to revive economic growth from 5-yr low")
Govt will soon announce 2 more big steps to push consumption: FM Sitharaman
The minister, however, did not elaborate on the two steps to be taken by the government
 "Govt will soon announce 2 more big steps to push consumption: FM Sitharaman")
Govt should use funds from RBI to stimulate economy, says ADB chief
The visiting ADB president supported the RBI's approval to the fund transfer and said the country should come up with more such ideas to support growth
 "Govt should use funds from RBI to stimulate economy, says ADB chief")
Letters to BS: Cabinet's move to increase FDI could be a game-changer
The big stimulus could also help to considerably ease trade tensions between India and the US
 "Letters to BS: Cabinet's move to increase FDI could be a game-changer")
RBI's surplus transfer isn't a silver bullet; govt shouldn't get complacent
Excitement in the markets may lull the government into wrongly believing that all the economy's woes are over and the problems have been fixed
 "RBI's surplus transfer isn't a silver bullet; govt shouldn't get complacent")
As animal spirits sag, FM's announcements may fall short of spurring growth
As India's investment and consumption activity worsened in July, the measures announced by the FM to revive the economy will boost market sentiment but are unlikely to propel growth
Booster dose: Govt's package for realty sector, exports likely this week
The real estate industry, which has been in the doldrums for almost four years now, has been demanding regulatory and tax changes to shore up the demand and liquidity
 "Booster dose: Govt's package for realty sector, exports likely this week")
Govt yet to decide how to use funds, says FM Nirmala Sitharaman
Rahul accused Centre of stealing RBI's funds, Sitharaman, BJP hit back
 "Govt yet to decide how to use funds, says FM Nirmala Sitharaman")
Be restrained, don't overreach or overstate: FM Sitharaman to tax officials
Meeting targets within deadlines was achievable even if they go about it with bit of a 'restraint' said the finance minister
 "Be restrained, don't overreach or overstate: FM Sitharaman to tax officials")
RBI transfer: FM protests Rahul's 'band aid for gunshot wound' barb
Rahul Gandhi accuses Centre of stealing from central bank, FM hits back
 "RBI transfer: FM protests Rahul's 'band aid for gunshot wound' barb")
Don't pay heed: FM Sitharaman rejects Cong allegation on RBI fund transfer
Prime Minister Narendra Modi and Nirmal Sitharaman are clueless, says Rahul Gandhi.
RBI's bonanza to give govt ammunition to fight slowdown, boost capex
This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime
 "RBI's bonanza to give govt ammunition to fight slowdown, boost capex")
Modi govt has finally embraced the reality of Indian economy's troubles
One reason the government seems to have embraced reality is that the revenue numbers in the federal budget are now known to have been massively overstated
 "Modi govt has finally embraced the reality of Indian economy's troubles")
Sensex rises 793 points on govt's stimulus package; Nifty ends above 11,000
Sensex posts best figures in 3 months; rupee weakens as FPIs keep pulling out
 "Sensex rises 793 points on govt's stimulus package; Nifty ends above 11,000")
'Service tax and excise duty amnesty scheme comes into effect from Sep 1'
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is not yet implemented. It shall come into force with effect from September 1, 2019
 "'Service tax and excise duty amnesty scheme comes into effect from Sep 1'")
Letter to BS: Measures by Sitharaman welcome, but more would be needed
That the government is becoming responsive to the needs and demands of the industry is a great change
Four reasons why Sitharaman's stimulus measures are short on vision
Allowing larger firms to flourish, enabling smaller firms to secure cheap financing and forcing the state to retreat from business would be the great news the private sector has been waiting for
 "Four reasons why Sitharaman's stimulus measures are short on vision")
Commercial vehicle makers to gain the most from FM Sitharaman's measures
Tata Motors, Ashok Leyland key gainers; infra boost, consumption uptick needed for trend reversal
 "Commercial vehicle makers to gain the most from FM Sitharaman's measures")
With no major fiscal support, govt's growth measures seen falling short
Sitharaman ignored the auto industry's demand for a reduction of a goods-and-services tax on vehicles to halt the worst slump in car sales in almost two decades
Best of BS Opinion: Arun Jaitley's legacy, impact of stimulus and more
An appraisal of Arun Jaitley's contributions, a review of finance minister Nirmala Sitharaman's stimulus measures, and a call for improving data collection.
 "Best of BS Opinion: Arun Jaitley's legacy, impact of stimulus and more")