Page 209 - Nirmala Sitharaman

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

Congress misleading the nation on loan write-offs: FM Nirmala Sitharaman

'Congress and Rahul Gandhi should introspect why they fail to play a constructive role in cleaning up the system,' she said

Govt's second stimulus likely this week, may keep industry waiting

Small businesses, farmers, women, poor, migrant workers to benefit from latest measures for political messaging.

Finance Ministry likely to present new GDP, budgetary targets by July

FinMin has internal estimates for economic growth, but these are subject to revisions

Finance panel's advisory council bats for support to small players, NBFCs

The Commission will wait for gross domestic product (GDP) data in the January-March and April-June quarters before finalising its reports to the government for 2021-22 to 2025-26

Market Ahead, April 24: Top Factors That Could Guide Markets Today

A major event investors will track today will be the meeting between Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to finalise a second stimulus package

Top biz headlines: Stimulus package for industry, IBC breather and more

Here are the top 10 business headlines on Friday morning

India Inc gets IBC breather for six months amid coronavirus outbreak

Section 7 of the Code enables financial creditors to start insolvency proceedings against a company, while section 9 gives these powers to an operational creditor

Covid-19 impact: Govt puts on hold DA hike for employees, pensioners

The existing rates of 17 per cent DA/DR will continue to be paid till July 1, 2021. From that day onwards, the new rates of DA/DR will be restored 'prospectively'

FinMin sanctions Rs 46,038 cr states' share in central taxes for April

The Budget had projected the share of the states in taxes at Rs 7.84 lakh crore for 2020-21.

Covid-19 impact: Travel, hospitality stare at revenue loss of Rs 5 trillion

With 40 million jobs at risk, the industry has sought a bailout package

No pension cut to central govt employees: FinMin refutes news of 20% cut

"It is being reported that a 20 per cent cut in central government pensions is being planned. This news is false," the ministry tweeted.

Govt to provide additional relief, economic stimulus soon: FM Sitharaman

Sitharaman also assured the global community that India would continue to supply critical medicines to needy countries for the treatment of Covid-19 patients

RBI raises limit on ways and means advances, but states aren't impressed

Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.

IMF needs to maintain global financial stability amid Covid-19: Sitharaman

Sitharaman, in her intervention, outlined various measures taken by India to deal with the health emergency

Coronavirus crisis: G-20 meeting of health, finance ministers soon

However, a senior government official said on condition of anonymity that the meeting could be held in a matter of few weeks, rather than months

Covid-19 impact: Stimulus 2.0 ready as PM Modi, FM Sitharaman hold meeting

The upcoming package could be roughly similar in size to the Rs 1.7-trillion package

PM reviews coronavirus impact on economy; govt considers another stimulus

The prime minister had on April 14 extended the nationwide lockdown till May 3 to check the rapid spread of the respiratory illness

Gave $3.9 bn in assistance to 320 million: FM Sitharaman at G20 meet

Sitharaman also said that the policy measures undertaken by the Government of India, RBI and other regulators have helped in de-freezing the market and catalysing credit flows.

Covid-19 crisis: PM, FM to finalise details of second stimulus package soon

The stimulus package is expected anytime this week and will again be aimed at the urban and rural poor; disadvantaged sections of society; MSME sector; and some of the worst-affected sectors