The Finance Minister expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index
Return to societies from cooperative banks is almost double that from commercial banks
Chidambaram had said that projections given in the Budget were unrealistic considering the past trends
While banking operations are expected to be hit due to the strike, many banks, including branches of SBI are likely to remain open
She said industry leaders who are contemplating getting their businesses out of China are 'definitely considering India is the pitch'
Sitharaman was responding to a question on a particular recent case which many allege reflects some major loopholes in the IBC
Reserve Bank of India Governor Shantikanta Das spoke about crypto currencies during one of the interventions this week
The US Department of Commerce on Thursday said the Commerce Secretary Wilbur Ross during his recent trip to New Delhi stressed on the positive trends of the US-India trade relationship
Congress leader Rahul Gandhi alleged on Friday that the government is "clueless" about the economy and said Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman should "steal" ideas from his party's Lok Sabha poll manifesto to tackle the "mess". Gandhi's attack on the government came over a media report which claimed rural consumption generally grows faster than urban consumption, but in this quarter the trend has been reversed with rural consumption being at its lowest in seven years for the quarter of September. "Rural India is in severe distress. The economy has sunk and the govt is clueless about what to do," the former Congress president said in a tweet. "PM & FM should steal ideas from manifesto.inc.in, where we had anticipated and set down detailed plans to tackle the mess," he also wrote on the microblogging site.
Conceding that there were some "weaknesses" in his regime, former PM Manmohan Singh had on Thursday said the Modi government should stop blaming the UPA for every economic crisis
The rule of law works and there are a lot of reforms happening, even those to cut down delays, she said.
The NDA government should have learnt from the UPA's 'mistakes', and provided 'credible solutions', Manmohan Singh said
She also assured international investors at an interaction session at the IMF's headquarters that the government was continuously working to bring reforms
Sitharaman assured international investors at an interaction session at the IMF's headquarters that the government was continuously working to bring reforms
India on August 5 scrapped Jammu and Kashmir's special status and bifurcated it into two Union Territories -- Jammu and Kashmir and Ladakh
Responding to a question on why investors should allocate funds for India, she said that even if the court system is a bit delayed, India is a transparent and open society
Sitharaman said the Indian government has expressed its view to the United States
The 5-judge Constitution bench, after hearing the case for 40 days, concluded the arguments in Ayodhya land dispute case
Assuring account holders of troubled Punjab and Maharashtra Co-operative Bank of support, Finance Minister Nirmala Sitharaman on Saturday said that she has spoken to the RBI governor, who assured that customers' concerns will be taken on top priority. The bank was put under "directions" by the Reserve Bank of India (RBI) last month due to weak financial health, wherein the central bank has capped the deposit withdrawals at Rs 25,000. "Spoken to governor @RBI on the #PMCBank matter. He assured me that clients & their concerns will be kept on top priority. I wish to reiterate that @FinMinIndia will ensure that customers concerns are comprehensively addressed. We understand the justified worries of the customers," she said in a tweet. PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances. Earlier this week during a media interaction, she had said, ''Finance Ministry may have ...
PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances