Page 240 - Nirmala Sitharaman

PSBs have reported Rs 95,700-crore frauds in first 6 months of FY20: FM

FM Sitharaman says 5,743 incidents in govt banks from April to September this year

Amit Mitra writes to FM, calls for 'urgent' GST meet to plug loopholes

GST revenue fell below the Rs 1-trillion mark for the third straight month in October, and was 5.3 per cent lower than the corresponding month last year, at Rs 95,380 crore

PSBs reported Rs 95,700 cr worth of frauds in Apr-Sept, says govt

The number of fraud cases touched 5,743 during April-Sept. period

Weak corporate earnings in H1 FY20 reflect overall economic slowdown: CARE

The growth in power and fuel cost witnessed a significant moderation from 16.5% in H1 FY19

Cabinet may consider proposal to lower govt stake in CPSEs to less than 51%

Such a move is possible by amendment to Section 241 of the Companies Act

Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects

This will finance 1,600 stalled housing projects comprising 4,58,000 housing units across the country

Companies Act: Panel wants further decriminalisation, easing of compliance

The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions

RBI's future surplus transfers to govt will depend on its net income: FM

Surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said

Despite deceleration, India projected to remain fastest-growing economy: FM

The World Economic Outlook (WEO) of October 2019 projects a significant slowdown in world output and trade in 2019

Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year

Simplifying GST: Govt plans mass outreach programme for return filers

FM Sitharaman meets stakeholders; pan-Indian initiative for new forms on December 7

FM holds first of a series of meetings with CAs, traders on simplifying GST

The finance minister assured the stakeholders that their suggestions on simplification of GST filing will be implemented soon, Revenue Secretary Ajay Bhushan Pandey said after the meeting

Cut GST on matchbox to 12%, on par with raw materials: Tamil Nadu minister

Raju, along with eight representatives of match stick manufacturers' associations, said the GST on matchboxes was high and needs to be brought down at par with the tax rate on raw materials

No plan to cut spending on welfare schemes despite low revenues, says FM

The government has high expenditures on such welfare schemes which are aimed at poorer sections and agriculture

Govt doesn't want any telco to shut down, intends to address concerns: FM

Sitharaman said "it is the intention" to address concerns of all those who have approached the government with serious concerns post the court's decision

Major trade issues between India, US solved; may sign initial trade package

The much-needed progress is believed to have been made during the meeting between Union Commerce and Industry Minister Piyush Goyal and US Trade Representatives Robert Lighthizer in Washington DC

Rahul must apologise for misleading people with blatant lies on Rafale: FM

'Chor comment by Rahul Gandhi of Congress was repeated several times for political gains', said FM

Revenue situation rules out further tax sops for the individual taxpayer

Even tax cuts in 2020-21 could be a difficult proposition as officials dismiss reports of relief for salaried class and scrapping of DDT and LTCG

Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail

Modi govt to seek Nabard help for J&K's saffron, peach, walnut producers

To ensure better price to the farmers of newly created union territory of Jammu and Kashmir, Finance Minister Nirmala Sitharaman on Tuesday said the government will seek help of NABARD in procuring farm produce like saffron, peaches and walnuts from them. Also, she said, the government wants to promote solar energy generation in the union territory (UT) of Ladakh, which is also carved out of the erstwhile state of Jammu and Kashmir. The government has recently procured apples from the farmers of UT of Jammu and Kashmir (J&K) through National Agricultural Cooperative Marketing Federation of India (NAFED). "Now I'm ensuring that I will take the chairman of NABARD to J&K even if it's winter now because I want ... the next crop of saffron, peaches and walnuts and other agri produce of J&K to get that kind of support which through NABARD the central government can extend to Jammu and Kashmir," she said at an event organised by National Bank for Agriculture and Rural Development