Page 54 - Finance Minister

FM assures bankers they will not be hauled for genuine commercial decisions

Sitharaman also urged bankers to give emphasis on branch based banking and improve customer ease

BS Insurance Round Table 2020: Insurers unnerved by new tax regime

Leaders of the insurance industry bat for 100 per cent FDI in the sector

Merger of public sector banks on schedule, says Nirmala Sitharaman

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on"

Govt 'closely monitoring' impact of coronavirus on economy: Sitharaman

In the wake of the virus outbreak, many airlines, including Indian carriers, have cancelled some overseas flights

West Bengal FM Amit Mitra worried over Rs 11,000 cr GST dues to state

Says while Centre had targeted collection at 21%, actual figure has been hovering at 1.5%

Time for Int'l community to build new tax regime embracing digitization: FM

The finance minister emphasised on the need for a closer collaboration between revenue agencies to investigate tax affairs of offenders who cross-borders for escaping tax investigation, a tweet said

Centre releases Rs 19950 cr GST compensation to states, total at Rs 1.2 trn

In a statement, the finance ministry said Rs 19,950 crore was released to states and union territories on last Monday

Govt to reveal steps on trade issues over coronavirus soon, FM chairs meet

The Finance Minister reviewed the preparedness to deal with issues surrounding the outbreak at a time when several sectors including manufacturing and distribution raised concerns

AGR dues: Vodafone Idea has paid Rs 1,000 crore to DoT, say sources

Earlier this week, the telecom company had paid Rs 2,500 crore and said it would pay Rs 1,000 crore more by the end of the week

Coronavirus: Govt announces relief for contractors; oil rallies for 7th day

The announcement came a day after FM held talks with industry leaders on coronavirus-related issues

Coronavirus: FM takes stock of trade issues, sees no impact on prices

The development comes in the wake of issues surrounding imports from and exports to China even as the Coronavirus outbreak grips that country

No proposal to merge LIC Housing Finance with any other entity: LIC

The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank

Nirmala Sitharaman to meet industry bodies to assess coronavirus impact

Finance Minister Nirmala Sitharaman will meet industry bodies on Tuesday to asses the impact of the coronavirus outbreak on Indian trade and businesses. The virus outbreak in China has claimed nearly 1,500 lives and infected over 60,000. The deadly virus has spread to many countries, including India. "To assess impact of Coronavirus, presently endemic in China, on Indian trade & industry, Finance Minister Smt. @nsitharaman would be meeting Industry associations on Tuesday along with Secretaries in the Ministry," the finance ministry said in a tweet. Several sectors, specially electronics, mobile and textiles, are expected to be hit due to supply restraints in China in the wake of the coronavirus epidemic.

Open to tweaking Budget to address concerns of the industry, says FM

Finance ministry to come out with detailed rules on Vivad Se Vishwas Bill in a couple of days

Narayana Murthy's son-in-law Rishi Sunak named new finance minister of UK

Sunak, the son-in-law of Infosys Co-founder Narayana Murthy, will join Home secretary Priti Patel on the top government bench as UK Chancellor of the Exchequer

GST compensation to states delayed due to low realisation of cess: FM

At the time of the introduction of GST, it was agreed that the Centre would compensate states for shortfall in GST collections as per a defined formula

As the govt's debt rises, will it need another fiscal escape clause soon?

Understanding the circumstances under which the finance minister chose to use the escape clause under the FRBM Act will be a useful exercise

Economy showing signs of revival, green shoots visible: FM Sitharaman

She said FDI stood at $24.4 billion at the end of November 2019, as against $21.1 billion the year before

Industry urges FM Nirmala Sitharaman to change tax settlement scheme

Sources in Ficci say the lacuna of the scheme is that 100% of the disputed tax has to be paid

Marathons, but no winners

In this season of heightened awareness of a functional democracy, we need to realise that the travesty of Budgetary accountability is yet another step in the direction of citizens' disempowerment