Interacting with global investors at the headquarters of the International Monetary Fund here on Wednesday, Sitharaman said that in a bid to fulfill its commitment to tackle climate change India has focused on generation of renewable energy.
Sitharaman said the Reserve Bank of India is the appropriate regulator, not the Finance Ministry.
The total amount available for capital expenditure for 2019-20 is Rs 5.45 lakh crore
It would specifically support developers operating in special economic zones, realty experts said.
This is not bigger than budget, this is bigger than last 20 budgets, Samir Arora, a Singapore-based fund manager and founder of Helios Capital, tweeted.
Senior Congress leader Jairam Ramesh dismissed 'Modi's 'trump card'' of cutting India's corporate tax rate, saying that its timing was dictated by his upcoming event 'HowdyModi' in Texas, US.
Out of these, approximately 92,350 units have been delayed in MMR and could get a new lease of life.
Experts feel the fund seeks to address key issues of project funding, completion and delivery but adequacy of the fund, as well as the establishment of funding sources are issues that may pose challenges in its implementation
For delayed and stalled projects this will be a major problem, given that most of such projects are under NCLT and NPA, and will not get the benefit of this stress fund
the themes of in cities will be different and will span across sectors such as gems, yoga, textiles, tourism and leather
The unfinished projects should not have become NPA and should not have been pending in NCLT
While there are concerns over a slowdown in the economy, Moneycontrol's Jerome Anthony does a 3-Point Analysis on whether or not FM Sitharaman's "millennial mindset" statement holds true.
With the aspirational value for cars diminishing and the current city infrastructure making ownership of one an unappealing prospect, Uber and Ola have come up trumps.
Rather than using it as a strategic instrument for disinvestment, the government has used the CPSE ETF like its ATM
Rupee successfully retested its multi-year breakout zone of 69 and is poised to retest its previous zone of Rs 74.5/$ and could even breach it
The timing of the merger is questionable. Bank management bandwidth will be occupied by the merger instead of pushing through loans with proper due diligence
The package, aimed primarily at home buyers and real estate developers, is expected this week
The acknowledgement of the problems with the slowdown in economy by the government was reassuring news for the market.
Jhunjhuwala sees 10,500-10,750 levels acting as a floor for the Nifty
FM had said on August 23 that the government was close to coming up with a solution aimed at resolving problems being faced by homebuyers in NCR and Mumbai.
In her maiden Budget speech, finance minister Nirmala Sitharaman announced the proposal to issue offshore sovereign bonds, starting from the current fiscal year. “India’s sovereign external debt to GDP is among the lowest globally at less than 5 percent.
The speech was like a well-paced innings of MS Dhoni – that started off slowly and cautiously, well-paced in the middle overs and slogging it out towards the end to ensure a victory for team India
In addition, allowing higher depreciation on vehicles bought before end of this financial year and boosting liquidity for purchase of vehicles were some of the measures announced by the Finance Minister as part of a three-part reform process out to be laid out over the next two weeks.
The development comes after multiple instances of deposit frauds post demonetisation, especially into Jan Dhan accounts and is in line with the finance minister budget announcement
In the new approach, text messages similar to those used for TDS updates will be sent to taxpayers, rather than jargon-heavy, intimidating notices