Page 215 - Nirmala Sitharaman

RBI to look into what went wrong at Yes Bank, fix responsibilities: FM

On finding risky credit decisions, the RBI advised change in management, the Finance Minister said

Distress calls, long queues at branches of Yes Bank post withdrawal limit

The bank's board has been superseded by RBI-appointed administrator Prashant Kumar, former deputy managing director and chief financial officer of SBI

RBI to come up with a reconstruction plan for YES Bank soon: Sources

"This will surely not be a rescue plan. You will get to know when the scheme is out," a top SBI executive who did not wish to be named said, hinting that SBI might not take over YES Bank

YES Bank crisis: FM assures depositors as RBI promises quick resolution

RBI has assured there will be a quick resolution, says FM, even as RBI Governor promises resolution in 30 days; SBI Chairman Rajnish Kumar says problem at hand is lender-specific, not sectoral

Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn

Finance Minister Nirmala Sitharaman would move 'The Direct Tax Vivad Se Vishwas Bill, 2020, for consideration. Stay tuned for LIVE updates on Parliament session in the Lok Sabha and Rajya Sabha

Investor sentiment not dampened by Delhi violence, anti-CAA protests: FM

Addressing a press conference here, she said the investors she met in her recent visit to Saudi Arabia expressed willingness to invest more in the country

Delhi violence: Anurag Thakur ducks question on 'goli maro' remark

Sitharaman said, "No reaction. I am here to address the question. No reaction. Today's meeting will concentrate on what's been done with the banks."

Confident that Parliament will pass changes in Companies Act: FM

Earlier this weak, the cabinet approved 72 changes to the companies law as the government aims further improvement in the companies law

Can't cherry-pick issues under 'Vivad se Vishwas', clarifies govt

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy will not be covered under the Vivad se Vishwas amnesty scheme.

AGR dues: Centre rules out any bailout package specifically for Voda Idea

Vodafone Idea has has maintained it would not be possible to continue as a going concern without any relief from the government on payment of AGR dues

Merger of 10 banks into 4 to come into effect from Apr 1, says Sitharaman

Integration of balance sheets to be effective from April 1; bank boards to meet soon to finalise the share swap ratio

Coronavirus: Ready for meaningful intervention to deal with impact, says FM

The government is working intensively to ensure meaningful intervention, if needed, to deal with the impact of unfolding coronavirus crisis on the country, Finance Minister Nirmala Sitharaman said on Wednesday. Earlier in the day, the government said all international passengers, and not just those from the 12 countries listed earlier, will henceforth be screened at the airports for the disease. A total of 28 COVID-19 cases have been detected in India so far. Among them, one person is from Delhi, six of his relatives in Agra, 16 Italians and their Indian driver, one in Telangana and the three earlier cases in Kerala. Replying to a query regarding assessment of impact of the crisis on the economy, Sitharaman said she has held meetings with industry representatives along with secretaries. The inputs were shared with different ministries of the government. She said work is going on "intensively" in different ministries and "working out something where a meaningful intervention from t

Cabinet nod for foreign listing of firms, decriminalising offences

In ease of doing business push, 72 changes to companies law okayed

Will go through Supreme Court order on cryptocurrency: FM Sitharaman

The apex court on Wednesday set aside an RBI circular of 2018 which had prohibited financial sector entities from providing services to any individual or business dealing in virtual currencies.

Merger of 10 public sector banks into 4 to come into effect from Apr 1: FM

The Union Cabinet, she said, has given a go-ahead for the merger proposal and the government has been in regular touch with these banks

Facing tax and divestment shortfall, govt puts faith in Vivaad se Vishwas

The scheme is the sixth tax amnesty launched by Modi-govt; none of its predecessors has yielded anything close to Rs 9 trillion, the amount the govt hopes to mop up this time

Govt approves 72 amendments to Companies Act to decriminalise offences: FM

As many as 23 offences would be recategorised out of 66 compoundable offences under the Act

Licence to harass

CBDT's new performance appraisal needs review

FM Sitharaman introduces bill that aims to prevent a PMC Bank-like crisis

The Banking Regulation (Amendment) Bill, 2020, which comes in the backdrop of PMC Bank scam, seeks to strengthen co-operative banks by increasing professionalism and ensuring sound banking through RBI

Par panel recommends creation of market intelligence cell for MSMEs

The panel also proposed multiple registrations with several government agencies for various purposes should be done away with for MSMEs