Page 197 - Nirmala Sitharaman
FM Sitharaman to review credit flow with public sector banks on Tuesday
She will take stock of the Emergency Credit Line Guarantee Scheme announced recently.
 "FM Sitharaman to review credit flow with public sector banks on Tuesday")
Private banks not implementing Rs 3 trn loan MSME scheme: RSS body to FM
Sitharaman had called Laghu Udyog Bharti general secretary Govind Lele to seek feedback on the implementation of Rs 3-trillion Emergency Credit Line Guarantee Scheme
Maxim of the fish: New MSME norms may not be a blessing for small business
Enhancing the investment and turnover limits for MSMEs was overdue, but the smaller units will have serious reservations
 "Maxim of the fish: New MSME norms may not be a blessing for small business")
CBIC to roll out pan-India faceless assessment by Dec 31, trial underway
The first phase would begin from June 8, 2020, at Bengaluru and Chennai, for items of imports primarily covered by Chapter 84, 85 of the Customs Tariff Act, 1975
 "CBIC to roll out pan-India faceless assessment by Dec 31, trial underway")
Banking to be a 'strategic sector', govt discussing privatising some PSBs
According to the new privatisation policy, announced by FM Sitharaman as part of the 'Atmanirbhar Bharat' package, the government will come up with a list of strategic sectors
 "Banking to be a 'strategic sector', govt discussing privatising some PSBs")
Looking beyond crises
Lack of strategic vision in the NDA has caused it to fail at economic management
 "Looking beyond crises")
'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian
Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon
 "'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian")
Covid-19 crisis: No new scheme for a year as govt tightens purse strings
New schemes, up to Rs 500 crore, which have already been appraised by the departments and ministries, would also be suspended in the current financial year.
Govt applies the brake on schemes outside the Rs 20 trillion package
Schemes that were given in-principle approval would also be suspended in this financial year
 "Govt applies the brake on schemes outside the Rs 20 trillion package")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
After mobile phone devices, phased manufacturing push for AC makers
Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.
 "After mobile phone devices, phased manufacturing push for AC makers")
Modifications in National Pension Scheme untenable: Finance Ministry
The response comes following a petition to the Prime Minister's Office (PMO) by Manjeet Singh Patel, president of Delhi unit of the NMOPS, seeking revival of old pension scheme
 "Modifications in National Pension Scheme untenable: Finance Ministry")
India staring at a GDP contraction of 10%, says former finance secretary
Lockdown 1 and 2 turned out to be extremely severe, though agriculture and government expenditure, which constitute about 25% of GVA, remained almost unaffected, writes Subhash Chandra Garg
 "India staring at a GDP contraction of 10%, says former finance secretary")
Best of BS Opinion: A brand new local world, G11 good for India, and more
Here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: A brand new local world, G11 good for India, and more")
Moody's cuts India's rating to 'Baa3', maintains negative outlook
The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks
 "Moody's cuts India's rating to 'Baa3', maintains negative outlook")
Back to February 28
Variation between revised and final Budget numbers has grown
 "Back to February 28")
Centre looks to EPFO, LIC, PSBs to raise funds through power bonds
PFC, REC will first issue bonds based on initial demand from states
 "Centre looks to EPFO, LIC, PSBs to raise funds through power bonds")
Covid-19: India GDP may contract by 2 per cent in FY21, says BoA Securities
The estimate has been arrived at with the assumption that the lockdown will extend till mid-July and a restart of the economy will get stretched to August
 "Covid-19: India GDP may contract by 2 per cent in FY21, says BoA Securities")
'Mission Begin Again': Mumbai remains shut while India begins to unlock
Maharashtra and Rajasthan turned out to be the outliers
 "'Mission Begin Again': Mumbai remains shut while India begins to unlock")
Covid-19 impact: LIC listing, IDBI Bank stake sale may be postponed
Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 had announced stake sale in LIC through an initial public offer in the current financial year