Mega shopping fests to funding: Sops to boost exports, housing announced

The Press Information Bureau last night tweeted that Sitharaman will "announce important decisions of the government" at the conference in Delhi

3:37 PM

Special window to provide last mile funding for housing projects that are non-NPA and not under NCLT; govt to provide Rs 10,000 cr: Sitharaman

3:33 PM

All over the country wherever the projects are stuck, this window will be taken care of: Sitharaman

3:32 PM

Experts will be running this window for efficient running: Sitharaman

3:31 PM

A special window for affordable housing being created. These will be non NPA and non NCLT projects.: Sitharaman

3:30 PM

There will be relaxation in external commercial borrowing guidelines for affordable housing: Sitharaman

3:21 PM

Govt to cut turnaround time in ports, airports via use of technology: Sitharaman

3:19 PM

Export Credit Guarantee Corp (EGC) will expand scope of export credit insurance scheme; incentive to cost Rs 1,700 cr per annum: Sitharaman

3:19 PM

Rs 36,000 cr to Rs 68,000 cr of credit will be available for exports after priority sector lending tag: Sitharaman

3:18 PM

India shall hold an annual mega shopping festival by March 2020. Themes will vary from textile, handicraft, yoga, and others: Sitharaman

3:16 PM

Remission of duties or taxes on export products to replace MEIS, says FM Nirmala Sitharaman announcing sops for exports: Sitharaman

3:16 PM

Existing Merchandise Exports from India Scheme (MEIS) for textiles will continue up to December 31: Sitharaman

3:15 PM

Rs 50,000 cr revenue will be foregone with the introduction of remission of duties or taxes on export products: Sitharaman

3:15 PM

An inter-ministerial working group will be formed to monitor export finance: Sitharaman

3:12 PM

MSME will pay less premium against the guarantee: Sitharaman

3:11 PM

By September end, fully electronic refund mechanism will be in place for GST refunds: Sitharaman

3:10 PM

Labour intensive sectors will get priority: Sitharaman

3:09 PM

RODTEP will come into effect from January 1, 2020: Sitharaman

3:08 PM

All communication with assessee, Income-tax office to be only via technology. No human intervension: Sitharaman

3:04 PM

Interest equalisation scheme (IES) had existed. IES rate was increased as well: Sitharaman

3:00 PM

Inflation is under control and there is a clear sign of revival of industrial production

2:57 PM

FDI inflow has been reviving between 2018-19 and 2019-20: Sitharaman

2:56 PM

Upward growth in fixed investment: Sitharaman

2:55 PM

Revival sign in core industries: Sitharaman

2:54 PM

CPI is very much under control. Inflation has been held well below under 4 at all times: Sitharaman

2:53 PM

We will talk about exports and reform for home buyers: Sitharaman

2:51 PM

The Finance Minister will start the conference with presentation

2:38 PM

Likely to be present at the press conference

Anurag Thakur: MoS Finance

Rajeev Kumar: Finance Secy

Atanu Chakraborty: DEA Secy

Girish Murmu: Expenditure Secy

Anil Khachi: DIPAM Secy

Ajay Bhuhan Pandey: Revenue Secy

2:32 PM

Stand-by for FM's press conference

2:11 PM

All finance ministry secretaries to be present at the press conference

2:09 PM

DIPAM Secretary Anil Khachi to be present at the press conference