Page 186 - Nirmala Sitharaman

Cabinet approves bonus for central govt employees, 3 mn to benefit

The bonus will be given in a single installment, through Direct Benefit Transfer, before Vijayadashami, Javadekar said

FM asks 14 CPSEs to spend 75% of Rs 1.15 trillion capex by December end

Govt looks to sustain pace of capital and infra projects to soften economic blow; Till H1 of FY21, these PSUs spent Rs 37,423 cr, or just 32%. In FY20, they spent Rs 1.16 trn or 104% of capex goal

FM says hasn't closed option of one more stimulus to perk up demand

RIL chairman Ambani says manufacturing has to be rethought and reinvented

Govt has begun exercise to assess impact of pandemic on economy, says FM

Sitharaman further said the ministry would soon approach the Cabinet on demarcating the strategic and non-strategic sectors

FM holds 4th review meeting on capex of Central Public Sector Enterprises

While reviewing the performance of CPSEs, Sitharaman said CAPEX by CPSEs is a critical driver of economic growth and need to be scaled up for the FYs 2020-21 & 2021-22.

Maruti unveils festive offers for govt staff with benefits upto Rs 11,000

The company is seeking to further boost demand with its offer after the recent leave travel concession (LTC) cash voucher scheme announced by Finance Minister Nirmala Sitharaman

India took host of measures to combat Covid-19 impact: FM to World Bank

Sitharaman on Friday said the government has taken a host of initiatives, including a stimulus package totalling 10 per cent of the country's GDP and major reforms in the labour sector

GST shortfall: FM writes to states, explains Rs 1.1 trn borrowing window

A day after the Centre agreed to borrow Rs 1.1 trillion on behalf of states for meeting GST shortfall, FM Nirmala Sitharaman reached out to all states explaining the contours of the special window

India witnessing V-shaped recovery, govt steps to spur economic growth: FM

Sitharaman mentioned that recovery and rehabilitation efforts in these countries must not be allowed to be undermined in any manner, a Finance Ministry statement said

IMF's debt recast programme should help nations overcome fiscal stress: FM

The initiative came into effect in April was initially agreed till end of 2020

Top headlines: Theatres eyes Diwali season; Jio fastest mobile network

From theatres gearing to open from October 15 to the government allowing states to borrow Rs 69,000 crore in GST shortfall, here are top headlines this morning

Cash vouchers, Rs 10k festival advance: Key announcements by FM Sitharaman

Here are the key announcements made by FM Nirmala Sitharaman

Govt's latest demand stimulus not enough, impact to be limited: Experts

As FM Sitharaman has announced a couple of demand boosting measures along with loans to states for increasing capital expenditure, concerns have again been raised over the adequacy of the measures

Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report

The new schemes which will put an additional burden of Rs 40,000 crore on the government form 0.21 per cent of the GDP

Cong slams FM over stimulus package, says Atmanirbhar Bharat a failure

Congress spokesperson Professor Gourav Vallabh, and party leader Praveen Chakravarty, attacked the NDA government at a press conference held yesterday

Stimulus 2.0: Govt measures too little too late; may not move the needle

Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale

Best of BS Opinion: Award for auctions, tech stocks are booming, and more

Here's a selection of Business Standard opinion pieces for the day

Fiscally restrained govt tries new formula to boost festive consumer spend

The government will also give interest-free 50-year loans to the States for capital expenditure of Rs 12,000 crore

Stimulus 2.0: FM bets on demand gain for revival. Will the needle move?

The LTC tweak and festival advance will nudge government employees to spend Rs 36,000 crore extra this year

Stimulus 2.0: FM's booster to spur consumer spending, albeit marginally

Redirecting LTC to buy consumer goods a dampener for tourism, says industry