Page 250 - Nirmala Sitharaman

FPI surcharge removal, stimulus measures likely to boost markets: Experts

Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget

Sitharaman's sops likely to spur motor insurance companies' growth

The enhanced depreciation is expected to motivate vehicle makers

Automakers welcome govt sops but are divided on festival season impact

Most agree, though, on the long-term benefits that the measures will bring in

US industry hails India's mini-Budget, sees investment atmosphere improving

Hailing the slew of announcements made by Union Finance Minister Nirmala Sitharaman, the US corporate world on Friday said the comprehensive set of proposed reforms will provide needed stimulus for the economy and strengthen India's position as a global investment destination. The Indian government on Friday announced a raft of measures, including rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of startups from 'angel tax', a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low. "We commend Finance Minister Nirmala Sitharaman and the Government of India on this comprehensive set of proposed reforms, which will provide needed stimulus for the Indian economy and ensure continued economic expansion, US India Business Council president Nisha Desai Biswal said. Biswal, who served as Assistant Secretary of State for South and Central As

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Confident of hitting tax-collection target, says FM Nirmala Sitharaman

Sitharaman, however, was confident that the target would be achieved without any harassment to taxpayers

RBI to soon take steps to boost bond trading: FM Nirmala Sitharaman

In order to improve access to long-term finance, the government would be setting up an organisation to provide credit enhancement for infrastructure and housing projects

Govt sets up task force to streamline infra projects worth Rs 100 trillion

The FM also said an organisation would be set up to provide credit enhancement for infrastructure and housing projects, increasing the flow of funds to these

Sitharaman's sops for NBFCs may perk up lending, ease liquidity stress

The government has provided additional support of Rs 20,000 crore to the stressed housing finance companies from National Housing Bank (NHB)

MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman

Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

Competition Commission must study foreign firms' conduct, says Sitharaman

The CCI is already studying the new economy segment to understand how some companies abuse dominant positions

Govt to infuse Rs 70,000-cr capital into public sector banks: FM Sitharaman

The capital infusion, ahead of the festive season, will boost banks' lending capacity by an additional Rs 5 trillion

Start-ups welcome end of 'angel tax', hope relief for already served notice

Sitharaman also said a dedicated cell will be set up under a member of the Central Board of Direct Taxes for addressing issues faced by start-ups

Reform push: Corporate bosses see higher demand and fast recovery

India Inc also expects other measures to make the recovery more permanent

Markets likely to react positively on Monday after FM's announcements

Stock prices of most firms have tumbled since the Budget

Govt unveils measures to revive auto sector amid slowdown concerns

Also, BS-IV vehicles purchased up to March 2020 will remain operational for the entire period of registration, Finance Minister Nirmala Sitharaman said

Surcharge rollback to capital for PSBs, FM announces steps to boost economy

The Rs 70,000-crore recapitalisation announced in the Budget will be sped up

Analysts expect FPI selling to reverse; see a market rally on Monday

In a post-market hours press briefing today evening, Finance Minister Nirmala Sitharaman withdrew the enhanced surcharge on long and short-term capital gains

Govt to upfront infuse Rs 70,000-cr capital into public sector banks

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore, she said at a press conference

FM proposes measures to enhance fund flows for infra, housing projects

The minister also outlined steps like labour reforms, amendment to the bankruptcy law to increase investments