Page 161 - Nirmala Sitharaman

Need complete trust between industry, govt to sustain growth amid Covid: FM

Finance Minister Nirmala Sitharaman on Tuesday said there should be complete trust between the industry and the government to sustain growth amid the COVID-19 situation. Sitharaman, addressing a seminar organised by the Merchants' Chamber of Commerce & Industry here, said the Centre has taken several steps to ensure that revival of the economy continues despite a raging second wave of the pandemic. "There should be complete trust both between the government and the industry and vice versa to sustain growth. There should not be disturbances in the continuity, which lead to mistrust or distrust," she said. Speaking about West Bengal, the minister said industries in the state require "oxygen" along with a globalised approach to prosper. "Industries in the state need a lot more oxygen to flourish. The history of India was written from Bengal... but even a signature product like the Darjeeling tea is now languishing. "Kolkata used to shine with industries in the past, it

Centre working to save lives, livelihoods, FM Sitharaman tells India Inc

Finance Minister has sought feedback over impact on businesses and economy

Centre working with states to protect lives, livelihood: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that the Centre is working together with states to protect lives and livelihoods.

Govt working to save lives, livelihood: Sitharaman tells business leaders

Sitharaman last week said the government would not go for lockdowns in a big way and only resort to local containment

Govt not going for lockdowns in big way, says Sitharaman amid Covid-19 wave

Amid surging coronavirus cases in India, Finance Minister Nirmala Sitharaman on Tuesday made it clear that the government would not go for lockdowns in a big way and only resort to local containment

Negotiations on India-EU trade deal to resume next month: FM Sitharaman

Sitharaman on Tuesday said resumption of formal negotiations on India-EU trade deal during the leadership summit next month would help further strengthen ties

FM reviews Covid-19 vaccine progress in finance, corp affairs ministries

In keeping with Covid-19 safety protocols, the interactions were held virtually in six separate batches

FM urges World Bank to sustain crisis response to mitigate Covid-19 impact

Sitharaman informed that the government has announced Aatmanirbhar packages of Rs 27.1 lakh crore, amounting to more than 13 per cent of the GDP

FM backs IMF view on pandemic, urges universal applicability of Covid jabs

Says burden of economic transformation to a low carbon world is disproportionately higher for emerging market, developing and low-income economies

FM calls for greater coordination among BRICS on IMF's quota review

India on Tuesday pitched for greater coordination among BRICS nations on the issue of the 16th general review of quotas of the International Monetary Fund to give more say to developing countries.

India hosts summit of BRICS Finance Ministers, central bank heads virtually

In separate meeting with Kerry, FM emphasises on increasing fund flows from developed to developing nations to battle climate change

FinMin confident of combating downside risk amid rising Covid-19 cases

The ministry's Economic Affairs Department, in its monthly report, said the capital expenditure (capex) cycle was in motion, and its signs would be seen in the second half of the year

'Was an oversight': Govt drops reduction in interest rates on small savings

Government had announced a cut in small savings rates by 50-100 basis points for the first quarter of the new financial year.

Rate cut on small savings: Elections, WEF report linked to fastest recall

West Bengal leads the annual state wise table of contribution to small savings at 15.09 per cent. For the year FY18, Tamil Nadu is fifth in the small savings pecking order at 4.8 per cent

The bare necessities for India

The latest Economic Survey has presented an interesting new index called the Bare Necessities Index. The BNI Index covers five areas that impact the daily lives of a bottom-of-the-pyramid householder

Shades of status quo

Reversal of interest rate cut should have been avoided

U-turn on interest rate order oversight or poll-driven hindsight: Congress

The Congress hit out at Finance Minister Nirmala Sitharaman on Thursday after she announced withdrawal of the interest rate-slashing order

Salary income of Indian workers in Gulf exempt from income tax: Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.

Rate reversal: West Bengal contributes most to National Small Saving Fund

In 2017-18, West Bengal accounted for 15 per cent of the total contributions made to the NSSF; its share increased from 12.4 per cent in 2007-08

Gehlot targets govt for flip-flop over rates on small savings scheme

Rajasthan Chief Minister Ashok Gehlot on Thursday asked Finance Minister Nirmala Sitharaman to explain to the nation the flip-flop over interest rates on small saving schemes. Sitharaman on Thursday morning said the government will rollback a steep interest rate cut on small saving schemes such as PPF and NSC, saying it was an oversight. "The Finance Minister must explain the flip-flop to the nation why first such anti-people decision was taken to cut the interest rates on small saving schemes including PPF & NSC and then taken back?" Gehlot said in a tweet. "Is the government playing a very cruel prank on common people on April 1 by announcing interest rate cuts at night and then next morning reversing the decision," he asked. The government's decision to rollback citing "oversight" was taken hours after announcing the steepest cut in the rate on small savings schemes. Interest rate on Public Provident Fund (PPF) was reduced by 0.7 per cent to 6.4 per cent while National Savings