Page 243 - Nirmala Sitharaman

FM Nirmala Sitharaman defends govt's policies after husband's remarks

In the article, Prabhakar said the BJP should adopt the Rao-Singh economic model, which paved the way for liberalisation of the economy, instead of "critiquing the Nehruvian socialism"

Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman

NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: Sitharaman

She said the banks have sufficient liquidity, and efforts are being made to ensure that due payments are released to the MSME sector

Top events today: FM to meet PSB chiefs, Ayodhya case hearing, and more

The protracted hearing in the politically sensitive Ram Janmbhoomi-Babri Masjid land dispute at Ayodhya will enter into the crucial final leg today

FM to meet PSB CEOs today, may review fund flow to stressed NBFCs, MSMEs

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 226 districts across the ...

FM Nirmala Sitharaman seeks tax experts' inputs to correct GST flaws

Conceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman on Friday asked tax professionals not to curse it and sought their help to make it better. The minister was replying to the concerns raised by taxation industry professionals here, who said the industry was "cursing" the government over how the GST was implemented. Billed as the biggest reform in indirect taxation, the goods & services tax, which does away with a host of levies from the federal to the local government levels, was implemented in July 2017. On several stakeholders "cursing" GST, Sitharaman even objected to a person who raised the question, and asked him not to damn the law which was passed by Parliament and all the state assemblies. "After a long time, many parties in Parliament and in state assemblies worked together and came up with the Act. I know you are saying this based on your experiences but suddenly we cannot call 'what a goddamn structure it is'," .

Clear govt dues of Rs 9,100 crore towards pension schemes: EPFO to FinMin

At present, 8.33% of wage up to Rs 15,000 a month is remitted to the EPS account of a worker.

Corporate tax cuts and growth

Reduced rates will have little impact in the short run, but could have a significant positive impact on growth in the medium term

FM Nirmala Sitharaman assures change in cooperative bank laws if required

Tells PMC Bank depositors that government and Reserve Bank working on solving their problems

Govt giving sector-specific solutions to fight slowdown: Sitharaman

Sitharaman's comments came hours after global ratings agency Moody's Investors Service sharply cut its FY20 GDP growth forecast for India to 5.8 per cent

Tax cuts: Knee-jerk or part of a plan?

Like fans of filmstars or cricketers, investors have shown abiding faith in Mr Modi, who is still seen as a doer with the right intent and strong will

Sitharaman to meet PSB CEOs on Oct 14, discuss credit offtake, other issues

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 250 districts across the country. This .

Top events today: SC to hear Aarey forest matter, NeAC launch, and more

Finance Minister Nirmala Sitharaman will inaugurate the income tax department's national e-assessment centre

Indian states' fiscal battle amid economic slowdown: Explained in 8 charts

The RBI study shows that the aggregate debt level could go beyond 25 per cent of GDP in the current year itself if off-budget guarantees are taken into account

Shekhar Gupta: Money has lost its morale

The economic crisis can be fixed only with genuine, brave reform. If this Modi govt can't do it, it will confirm fears that it has lost its mojo

Interest rate on house building advance cut to 7.9% for govt employees

According to the the Union Housing and Urban Affairs Ministry, the new interest rate has come into force from October 1.

Unions demand time for lunch break as bank list rules for business hours

It has said that in the absence of specific instructions about lunch hours, there is possibility of customer complaints if the staff takes a break.

Why tax incentive may not be enough to turn India into a mobile export hub

In India, Samsung is likely to remain focused on the domestic market but it is also expanding exports.

Explain Rs 60,000-crore buy outside GeM, FM Sitharaman tells PSUs

Top PSUs told to frontload capex to lift economic growth

Govt asks PSUs to clear vendor dues by Oct 15 to boost spending, growth

Finance Secretary Rajiv Kumar said 34 central PSUs have already spent Rs 48,077 crore till August and have detailed spending of another Rs 50,159 crore till December 2019