Page 253 - Latest Updates on Nirmala Sitharaman
Govt to infuse Rs 70,000-cr capital into public sector banks: FM Sitharaman
The capital infusion, ahead of the festive season, will boost banks' lending capacity by an additional Rs 5 trillion
 "Govt to infuse Rs 70,000-cr capital into public sector banks: FM Sitharaman")
Start-ups welcome end of 'angel tax', hope relief for already served notice
Sitharaman also said a dedicated cell will be set up under a member of the Central Board of Direct Taxes for addressing issues faced by start-ups
 "Start-ups welcome end of 'angel tax', hope relief for already served notice")
Reform push: Corporate bosses see higher demand and fast recovery
India Inc also expects other measures to make the recovery more permanent
 "Reform push: Corporate bosses see higher demand and fast recovery")
Markets likely to react positively on Monday after FM's announcements
Stock prices of most firms have tumbled since the Budget
 "Markets likely to react positively on Monday after FM's announcements")
Govt unveils measures to revive auto sector amid slowdown concerns
Also, BS-IV vehicles purchased up to March 2020 will remain operational for the entire period of registration, Finance Minister Nirmala Sitharaman said
 "Govt unveils measures to revive auto sector amid slowdown concerns")
Surcharge rollback to capital for PSBs, FM announces steps to boost economy
The Rs 70,000-crore recapitalisation announced in the Budget will be sped up
 "Surcharge rollback to capital for PSBs, FM announces steps to boost economy")
Analysts expect FPI selling to reverse; see a market rally on Monday
In a post-market hours press briefing today evening, Finance Minister Nirmala Sitharaman withdrew the enhanced surcharge on long and short-term capital gains
 "Analysts expect FPI selling to reverse; see a market rally on Monday")
Govt to upfront infuse Rs 70,000-cr capital into public sector banks
The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore, she said at a press conference
 "Govt to upfront infuse Rs 70,000-cr capital into public sector banks")
FM proposes measures to enhance fund flows for infra, housing projects
The minister also outlined steps like labour reforms, amendment to the bankruptcy law to increase investments
 "FM proposes measures to enhance fund flows for infra, housing projects")
Home, vehicle loans and consumption goods to get cheaper: FM Sitharaman
Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction
 "Home, vehicle loans and consumption goods to get cheaper: FM Sitharaman")
MSMEs to get pending GST refunds within 30 days, says FM Sitharaman
In future, all GST refunds of micro, small and medium enterprises will be paid within 60 days from the date of application
 "MSMEs to get pending GST refunds within 30 days, says FM Sitharaman")
Enhanced surcharge on FPIs removed, 'pre-Budget position' restored: FM
Sitharaman said surcharge on long and short term capital gains arising from transfer of equity shares has been withdrawn
 "Enhanced surcharge on FPIs removed, 'pre-Budget position' restored: FM")
LIVE: Govt gives FPI relief, makes loans cheaper, revs up auto sector
FM Nirmala Sitharaman is expected to announce steps to revive India's economic growth. Catch all LIVE updates here
 "LIVE: Govt gives FPI relief, makes loans cheaper, revs up auto sector")
Big relief for market as govt withdraws FPI surcharge: 15 key announcements
Govt to infuse upfront Rs 70,000 crore into public sector banks to enable release of Rs 5 trillion liquidity in the market
 "Big relief for market as govt withdraws FPI surcharge: 15 key announcements")
India's GDP expansion much higher than global growth: Sitharaman
Finance Minister Nirmala Sitharaman said reform is a continuous process for her government and it tops the agenda
 "India's GDP expansion much higher than global growth: Sitharaman")
Govt may exempt FPIs from super-rich tax to reverse economic slowdown
Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2,000 cr by about 3%, and for those earning above Rs 5,000 cr by 7%
 "Govt may exempt FPIs from super-rich tax to reverse economic slowdown")
Biscuits to soaps, slowdown pain for FMCG companies comes in small packs
Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown
 "Biscuits to soaps, slowdown pain for FMCG companies comes in small packs")
Govt bailouts a moral hazard, says CEA Krishnamurthy Subramanian
Calls for a fiscal boost from the government for sectors like automobiles have been growing in the past few weeks after the budget from Nirmala Sitharaman failed to provide support
 "Govt bailouts a moral hazard, says CEA Krishnamurthy Subramanian")
Direct Tax Code 2.0: Task force for big relief to individual taxpayers
Income tax payers earning up to Rs 55 lakh per annum may end up with a major tax relief
 "Direct Tax Code 2.0: Task force for big relief to individual taxpayers")
In the right direction
The DTC task force recommendations will reduce litigation
 "In the right direction")