Page 208 - Nirmala Sitharaman

Equity markets may cheer Rs 20-trn stimulus package; SGX Nifty jumps 5%

Following the announcement of a Rs 20-trn package, the Nifty contracts traded on the SGX shot up 5%, while the American depository receipts (ADR) of Indian companies gained between 3% and 10%.

Top 10 biz headlines: Next stimulus package, weak auto sales and more

Business Standard brings you top 10 business headlines of the day

Govt changes tack with plans for bigger stimulus rivaling G-20 peers

Higher borrowing, economy restarting has changed govt's earlier view of smaller measures

No proposal to cut salary of central govt employees, says Finance Ministry

The denial comes after television news channel Times Now claimed that the government was planning on cutting salaries of Central Government employees by 30 per cent

Govt disbursed Rs 18,253 cr to 90 mn farmers under PM-KISAN: FM Sitharaman

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account

FM to discuss credit flow to NBFCs, businesses with banks on Monday

The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders

Covid-19: Relief for NRIs, foreign visitors as tax residency rules eased

The government imposed a lockdown on March 24 and is yet to open up travel, including international flights.

Sitharaman launches two exchanges to take on offshore currency market

The launch comes amid the world's most expansive coronavirus lockdown, which has crippled businesses and hurt trading volumes in the country's financial markets.

Govt hikes market borrowing limit by over 50% to Rs 12 trillion

The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.

Govt working on financial package for all sectors amid Covid outbreak

Union Minister for MSME and Road Transport and Highways Nitin Gadkari said "a package is going to be declared".

Covid-19 outbreak: Metro operators lose Rs 700 crore amid lockdown

DMRC to have the largest chunk of revenue loss estimated at Rs 700 cr

PM meets Shah, Sitharaman for second stimulus package as lockdown continues

Small businesses, farmers, women, poor, migrant workers and other marginalised sections are likely to benefit from the second stimulus

Covid-19 crisis: PM Modi reviews aviation, power sectors' performance

Reviewing the power sector, the prime minister underlined its importance in propelling the economy. The need for an effective enforcement of contracts to attract private investment was also discussed.

FinMin modifies circular on one-day's salary contribution to PM-CARES Fund

A circular issued on April 17 had urged all the officers and staff of the finance ministry to contribute one-day's salary every month to the fund till March 2021, beginning from May 2020

Rs 65,000 cr package needed for poor, target is doable: Raghuram Rajan

Former RBI Governor responds to Rahul Gandhi's question, says GDP is Rs 200 trillion, and out of that 65,000 crore is not a huge amount

Govt may extend 'Vivad se Vishwaas' tax settlement deadline to September

Hopes for bettwe results post Covid-19 as revenue dept has not seen a single deposit owing to the disease outbreak

Global business bodies nudge FM Sitharaman to defer equalisation levy

The bodies have also approached the US Trade Representative to call for discussion on India's move to impose equalisation levy while the matter is still under discussion at international level.

Govt increases portfolio of infra projects, raises spending to Rs 111 trn

The estimate has been made for the five-year period ending 2025

Market Ahead, April 29: Top Factors That Could Guide Markets Today

Moody's Investors Service has slashed India's growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March

Over Rs 68,600-crore loans of wilful defaulters written off, says RBI

The write-offs are technical or prudential in nature, which means the banks have made 100 per cent provisions against the loans