Page 52 - Finance Minister

Top headlines: FM announces free food grain, jobs for migrant workers

From railways cancelling trains to 'Work from home' being the new normal, here are the top headlines of the day

FM Sitharaman soon to list second set of stimulus measures to boost economy

Sitharaman on Wednesday announced measures of nearly Rs 5.94 trillion to provide relief to small businesses, taxpayers, shadow banks, power distribution companies among others

Coronavirus Update: Major world developments and some good news for India

A lab experiment suggests cats can spread the new coronavirus to other cats without any of them ever having symptoms

Fiscal stimulus package fails to provide succour to the poorest: Opposition

Senior Congress leader P Chidambaram said the need of the hour was to put money into the pockets of the people, particularly the poorest 130 million people

Banks, NBFCs may see some rally after Rs 6 trn relief package by FM

Investors may pause to see the entire scheme of funding, and impact on bonds

15 different measures FM Nirmala Sitharaman announced today

Among 15 measures announced - 6 are for MSMEs, 2 related to EPF and 2 related to MFIs, 1 to discoms, 1 to contractors, 1 to real estate, and 2 tax measures

FM has leveraged banks and PSUs to deliver the goods

The credit angle is interesting for them as the Rs 3 trillion to be disbursed by banks would go as collateral free debt for four years with a 12-month moratorium

Govt changes tack with plans for bigger stimulus rivaling G-20 peers

Higher borrowing, economy restarting has changed govt's earlier view of smaller measures

Govt disbursed Rs 18,253 cr to 90 mn farmers under PM-KISAN: FM Sitharaman

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account

FM to discuss credit flow to NBFCs, businesses with banks on Monday

The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders

Govt may extend 'Vivad se Vishwaas' tax settlement deadline to September

Hopes for bettwe results post Covid-19 as revenue dept has not seen a single deposit owing to the disease outbreak

Coronavirus crisis: G-20 meeting of health, finance ministers soon

However, a senior government official said on condition of anonymity that the meeting could be held in a matter of few weeks, rather than months

Several ministers, officials return to work at ministries amid lockdown

Besides the ministers, all officers of the joint-secretary level and above had been asked to be present in the ministries along with one-third of the essential staff from Monday

Why KCR has started sounding desperate

All states face the problem of reordering their finances. But Telangana more than others because it has committed itself to a path from which it cannot swerve

Covid-19 crisis: Imposing a financial emergency can be useful

The key issue in a financial emergency is the provision for govt employees' salary cut

RBI cuts repo, FM says slashed interest rate needs quick transmission

The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief, she added

Delay in regulatory leeway likely to prove costly affair for banks

With loan growth and asset quality likely to take a hit, FY21 earnings estimates are coming under the knife

The other casualty of Covid-19

COVID-19 will cause no less a disruption to the economy than the goods and services tax has done

Coronavirus outbreak: Govt mulls suspending IBC process for 6 months

The finance minister also announced a slew of measures to provide cushion to companies on compliances.

Costly delay

Hesitation in announcing a financial package is inexplicable