Page 183 - Nirmala Sitharaman

India Inc seeks growth-oriented budget, higher health spend from FM

Says fiscal consolidation be pushed for later years or formulated from three-year perspective

FSDC meeting on Tuesday; to take stock of economy, financial sector

The meeting also comes ahead of the Union Budget for the next financial year

FM Sitharaman holds pre-Budget consultations with top industrialists

Sitharaman has concluded a comprehensive review of Aatma Nirbhar Bharat Package (ANBP) with the Secretaries of various Ministries/Departments

FM Nirmala Sitharaman takes stock of schemes under Atmanirbhar Bharat

Public sector banks have approved purchase of portfolio of Rs 27,794 crore as of December 4, 2020

Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman

Banks sanctioned loans worth Rs 2 trillion to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector that was impacted by Covid, Sitharaman said

Towards Budget 2021-22

The budget-making exercise offers golden opportunities despite challenges

Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation

The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year

Not worried about budget deficit as spending up to support economy: FM

The government will ensure that state-owned enterprises continue with capital expenditure, she said

Assocham seeks 200% tax deduction Covid-19 vaccine development expenditure

Industry body Assocham urged the Finance Ministry to allow 200 per cent deduction in tax computation for the expenditure on research and development of the Covid-19 vaccine in the Budget for 2021-22

Forget the alphabet jugglery, economic recovery is here to stay: FM

Debunks theory that recent upsurge was due to pent-up or festival demand, says food inflation is seasonal and will cool down

Farm reforms done after detailed consultations, not in a jiffy: Sitharaman

Sitharaman said that the agriculture ministry has gone through the process of talking to stakeholders and these are the things that have been in discussions for very long time

Optimistic about revival in Q3, says FinMin in monthly economic review

FinMin said there were no fundamental or structural factors behind the GDP contraction

India's next Budget to focus on boosting growth, says FM Sitharaman

With the world's second-highest cases of coronavirus despite a severe lockdown of its 1.3 billion people early on in the pandemic, India's economy is expected to contract nearly 10% in the 2020-21

A three-pronged strategy

Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues

India needs hundreds more banks; their ownership is not the main point

While deciding on policy regarding ownership of banks, it would be good to remember that banking is a commercial activity and therefore can't have zero risk

While US, Europe rebound, India yet to find firm ground as economy shrinks

The new figures firmly ensconced India's position among the world's worst-performing major economies, despite expansive government spending designed to rescue the thousands of small businesses

Finmin asks PSU general insurers to cut flab, prune branch numbers: Sources

The finance ministry asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses

Top headlines: Lavasa to go for liquidation, Urban Company gears up for IPO

Lenders to Lavasa Corporation, a bankrupt hill city near Pune, have been left disappointed as none of the bidders for the company submitted a viable financial plan

Centre planning mechanism to solve tax issues in real time: FM Sitharaman

The concept, if it becomes effective, will allow taxpayers an opportunity to settle issues by paying the tax due instead of going in for litigation.

Momentum of economic reforms will continue, FM assures industry

Finance Minister Nirmala Sitharaman was addressing the National MNC's Conference 2020 organised by the industry chamber CII