Page 54 - Finance Minister
FM on Chidambaram's YES jibe: Self-appointed doctors created more problems
Finance Minister Nirmala Sitharaman on Friday hit back at senior Congress leader P Chidambaram for his jibe over crisis-hit Yes Bank's loan book swelling five times under BJP rule, saying "self-appointed competent doctors" created more problems in handling crisis at three banks during the UPA regime. She blamed Chidambaram for the crisis at Global Trust Bank in July 2004 and the problems at IDBI which had to merge with on-the-verge of collapsing United Western Bank in 2006. The Congress-led UPA had come to power in May 2004 and Chidambaram was the finance minister. Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, she said the crisis-hit lender's exposure to stressed corporates dates before 2014. "The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone ...
 "FM on Chidambaram's YES jibe: Self-appointed doctors created more problems")
RBI to look into what went wrong at Yes Bank, fix responsibilities: FM
On finding risky credit decisions, the RBI advised change in management, the Finance Minister said
Confident that Parliament will pass changes in Companies Act: FM
Earlier this weak, the cabinet approved 72 changes to the companies law as the government aims further improvement in the companies law
 "Confident that Parliament will pass changes in Companies Act: FM")
Par panel recommends creation of market intelligence cell for MSMEs
The panel also proposed multiple registrations with several government agencies for various purposes should be done away with for MSMEs
 "Par panel recommends creation of market intelligence cell for MSMEs")
Vivaad Se Vishwas scheme to help save time, money in fighting disputes: FM
As many as 4.83 lakh direct tax cases worth Rs 9.32 lakh crore are locked up in various appellate forums such as Commissioner (Appeals), ITAT, High Courts, Supreme Court and Debt Recovery Tribunals
 "Vivaad Se Vishwas scheme to help save time, money in fighting disputes: FM")
Centre plans to promote 250 new farmer-producer bodies in FY 2020-21
The Union Cabinet last week sanctioned Rs 6,868 crore for the new FPO scheme
 "Centre plans to promote 250 new farmer-producer bodies in FY 2020-21")
Steadiness in economy is good sign: Sitharaman as GDP growth stands at 4.7%
GDP growth was registered at 5.6 per cent in the corresponding quarter of 2018-19, as per data released by the NSO
Slowdown temporary, I'm very optimistic about next decade: Mukesh Ambani
Ambani said the coming decade presents a "historic opportunity" for businesses to excel
 "Slowdown temporary, I'm very optimistic about next decade: Mukesh Ambani")
Coronavirus will be challenge if issues not resolved in 3 weeks: Sitharaman
'No need to press the panic button because of the Coronovirus epidemic; the outbreak will be a challenge if issues do not get resolved in three weeks,' Finance Minister Nirmala Sitharaman said
 "Coronavirus will be challenge if issues not resolved in 3 weeks: Sitharaman")
Merger of public sector banks on schedule, says Nirmala Sitharaman
But in a meeting with the brass, Sitharaman didn't discuss the merger process,said a banker
 "Merger of public sector banks on schedule, says Nirmala Sitharaman")
Telecom Dept looking into issues related to AGR payment: Sitharaman
Following the SC order on the AGR of telcos, industry honchos Sunil Bharti Mittal and Kumar Mangalam Birla had met the finance minister
 "Telecom Dept looking into issues related to AGR payment: Sitharaman")
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
 "FM assures bankers they will not be hauled for genuine commercial decisions")
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
 "BS Insurance Round Table 2020: Insurers unnerved by new tax regime")
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"
 "Merger of public sector banks on schedule, says Nirmala Sitharaman")
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%
 "West Bengal FM Amit Mitra worried over Rs 11,000 cr GST dues to state")
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
 "Centre releases Rs 19950 cr GST compensation to states, total at Rs 1.2 trn")
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
 "AGR dues: Vodafone Idea has paid Rs 1,000 crore to DoT, say sources")