Between 2014-16, there were a lot of questions as to why reforms did not come fast and there were comments that the government was incapable of bringing them, she said delivering the Nani Palkhivala Memorial lecture on "Road Map to USD 5 Trillion Economy" here.
During her address, Sitharaman also called out public sector banks (PSBs) for not passing on benefits of rate cuts to consumers
Sitharaman addressed a press conference to enumerate on measures introduced during the Parliament's winter session and progress on the economic steps taken so far
The Forbes 2019 list of ‘The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
Even though a sizable chunk of NBFC loans falls under the BBB+ category, the quality of these loans is doubtful
The amendments in the law seek to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring fenced from any risk of criminal proceedings for offences committed by previous promoters of companies concerned.
The changes will allow state-run banks to purchase pooled assets from financially sound NBFCs and HFCs.
As of October-end, the fiscal deficit stood at 102.4 percent of this target. To achieve the 3.3 percent target, nominal GDP has to grow at 12 percent of GDP, a tough ask given that GDP growth in Q2 came in at 6 percent
The amendments are being viewed as 'fresh emergency measures', FM Sitharaman said.
She further spoke about simplifying the tax regime and making it harassment-free
The Bharat Bond is the first corporate bond Exchange Traded Fund in the country that will provide additional money for CPSUs, CPSEs and government organisations.
Sitharaman assured that a "pro-active" government was addressing the challenges faced by the economy
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.