Page 121 - Nirmala Sitharaman

FM meets heads of PSU banks, asks them to ensure credit flow to KCC holders

Finance Minister Nirmala Sitharaman on Thursday urged public sector banks to ensure smooth flow of credit to Kisan Credit Card (KCC) holders to boost rural incomes. During the half-day long meeting with the CEOs of public sector banks, she also asked them to help Regional Rural Banks (RRBs) in technology improvement. After the meeting, Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala said the finance minister reviewed the Kisan Credit Card (KCC) scheme and discussed how institutional credit can be made available to the segment. "The meeting was presided over by the finance minister and the issuance of Kisan Credit Card to all those engaged in fishing and dairying sector was discussed. "In another session on Regional Rural Banks, it was decided that the sponsor bank should help them in digitalisation and technology improvement," Minister of State for Finance Bhagwat K Karad said. RRBs, which play an important role in agriculture credit, are sponsored by publi

What RBI's letter to govt on missing inflation target is likely to contain

Failure to keep inflation between 2-6% for three straight quarters will require RBI Governor to explain to FinMin why target was missed, and steps MPC will take to achieve it going forward

Govt to review windfall tax on crude oil and fuel exports every fortnight

The review is based on the premise that if crude prices fall, then windfall gains will cease and new taxes would be rollback

TMS Ep207: Nirmala Sitharaman, GST in 5 years, oil & gas stocks, Web 5.0

How does the FM see economic recovery panning out? What are the hits and misses of GST in five years? Are RIL & ONGC worth your money after govt's export duty levy? What is Web 5.0? All answers here

FM Sitharaman reveals how the govt will build its way to economic revival

In an interview with Business Standard, FM Nirmala Sitharaman spoke on why she sees better days ahead, and why spend on capital assets may be a better bet than sector-specific fiscal steps

No GST compensation: Will the Centre find another way to give states money?

It is also important to see which states can finance a reasonable portion of their regular expenditure with their own revenue

What have been the most notable hits and misses of GST in five years?

The finance minister recently called her experience as the chairperson of GST Council humbling. After the initial teething troubles, GST completed five years last week. A peek into the journey so far

Arun Jaitley memorial lecture to be annual event, says FM Sitharaman

The Arun Jaitley Memorial Lecture, part of the Kautilya Economic, will be held on July 8 at Vigyan Bhawan

Trust between Centre and states intact in GST Council: FM Sitharaman

In an exclusive interview with BS, Sitharaman said the first quarter lethargy is something which the Centre and the states will have to work on

Top headlines: 'Capex route to economic revival', gold import duty hike

The top gainers were groups with a big play in industrial metals such as steel and non-ferrous metals

GST collection at Rs 1.45 trillion in June, the second highest ever

Average GST collections at Rs 1.51 trillion a month in the first quarter of the current financial year are much higher than the Rs 1.2 trillion derived from the Budget Estimates

Capex is the route to economic revival, says FM Nirmala Sitharaman

In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps

Govt watchful, mindful of impact of declining rupee on imports: Sitharaman

Depreciation of rupee makes India's imports costlier, while on the other hand exports become attractive.

'GST on horse-trading': Cong's jibe over Sitharaman's slip of tongue

The Congress on Thursday latched on to a slip of tongue by Finance Minister Nirmala Sitharaman when she uttered "horse-trading" to take a swipe at the BJP, saying buying MLAs has become common

Top headlines: 5 years of GST and what lies ahead for the tax reform

In the last five years, since its launch in July 2017, the GST journey has been difficult for both economic and political reasons. Read more on five years of GST in our top headlines

Rupee relatively better placed than other global currencies against USD: FM

The rupee breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of new lows this month

Andhra, Gujarat 'top achievers' in govt survey on reforms for business

The latest fifth edition of the Business Reforms Action Plan (BRAP), 2020, by the industry department did not rank states on the ease of doing business measures undertaken by them

LIVE: PM Modi congratulates Shinde on being sworn in as Maharashtra CM

Modi says Shinde has rich political, legislative, administrative experience

GST Council meet: The Goose Point Theorem for rate rationalisation

The real issue before taxation lies in identifying the Goose Point and the way goes through 'neutral goods'

Assessing & delivering bad news on economy no longer taboo in FinMin

Change in mindset has been brought on by Chief Economic Advisor V Anantha Nageswaran who has ensured that discussions on the economy are now much more data-driven and without bluster