Page 152 - Nirmala Sitharaman

Swiggy, Zomato to pay GST from Jan; expensive life-saving drugs exempted

GST Council decides against inclusion of petroleum

Focus now on faster NPA resolution to ensure NARCL's success: Analysts

Analysts expect the 'bad bank' to improve the balance sheet of banks, and aid incremental cash flow. However, a delayed resolution may dent the asset's value over time

GST Council extends levy of compensation cess till March 2026

The GST Council has agreed to levy compensation cess for an extended period upto March 2026 to enable the Centre to repay the loans, to compensate states for GST collection shortfall

Swiggy, Zomato to pay GST on restaurant service supplied through them: FM

Sitharaman said 5% GST will be levied at the point where the delivery is made by Swiggy-like operators

The Morning Show, Ep 1: Jet Airway, Indian economy, and the middle class

Is the economic recovery at the cost of the middle class? Will Jet Airways' take-off after a lull be smooth? Is stock frenzy based on irrational exuberance? Listen to this podcast for answers

Govt backs NARCL with Rs 30,600-crore guarantee for five years

Stressed assets of about Rs 2 trillion to be acquired in phases

NARCL: Another brick in the wall; not too different from other ARCs

Having several routes for NPA resolution has both advantages and disadvantages as the decision will finally be taken by the banks

FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank

Banks have identified bad loans worth Rs 90,000 crore to be transferred to NARCL in the initial phase, says Finance Secretary Debasish Panda

Sitharaman to address media at 5pm, may speak on bad bank proposal

Finance Minister to speak in Delhi ahead of GST council meeting in to Lucknow tomorrow.

Trust between govt and industry critical, says FM Nirmala Sitharaman

Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved

Trust between govt, industry key to use opportunities created by Covid: FM

FM assured that the proposed DFI, the National Bank for Infrastructure Financing and Development (NaBFID), will become functional soon

Liquidity no longer a major concern, FM Sitharaman assures India Inc

Banks to kick off new credit-outreach programme by October 15

GST Council may allow intra-state pharma cess, discuss states' dues

It may discuss extending the compensation cess for states beyond 2022

Sitharaman urges full vaccination for economy, industry to work normally

Calls for more private sector participation in extending reach of govt schemes to rural India

Supply-side policies failed, switch to demand stimulation: Bengal FM

Amit Mitra has written to Nirmala Sitharaman, urging her to take measures to increase demand in the economy as the supply-side policies have 'failed' to boost the manufacturing sector

Bengal FM tells Sitharaman her supply-side policies have 'utterly failed'

Asks her to restrain 'spin doctors' from giving misleading picture of the economy

Cairn accepts $1 bn refund offer, to drop cases against India: CEO

The offer to return money seized to enforce retrospective tax demand in lieu of dropping all litigations against the government 'is acceptable to us', says Cairn CEO Simon Thomson

Sitharaman lays foundation stone of IT Department building in Bengaluru

Sitharaman also unveiled the foundation stone plaque at the site

At FSDC meet, regulators told to keep a watch on financial sector

Officials stress need to strengthen resolution framework for financial institutions

India, UK agree to be ambitious on services deal in FTA negotiations

Pointing out that services make up 71% of UK's GDP and 54% of India's, the statement released after India-UK dialogue said both countries recognise importance of services in their economies