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  • 45th GST Council Meeting: Key highlights of FM Sitharaman’s address Sep 17, 2021 10:02 PM IST

    45th GST Council Meeting: Key highlights of FM Sitharaman’s address

    Finance Minister Nirmala Sitharaman during her press address on the GST Council meet 2021, said that “quite a few people-friendly decisions” have been taken

  • FM Nirmala Sitharaman stresses on spending for infrastructure Sep 13, 2021 11:52 AM IST

    FM Nirmala Sitharaman stresses on spending for infrastructure

    When asked about how much Air India debt amounting to Rs 43,000 crores the government would absorb, FM Nirmala Sitharaman noted that the government’s offer will be known only after tender documents are opened.

  • Trained manpower, additional capacity and better technologies needed for healthcare sector: Nirmala Sitharaman Aug 31, 2021 06:38 PM IST

    Trained manpower, additional capacity and better technologies needed for healthcare sector: Nirmala Sitharaman

    Speaking at a virtual event on Building healthcare infrastructure for new India, Sitharaman said that the government is constantly discussing and engaging with the stakeholders to ensure that the revival of the economy is adequately supported.

  • Asset monetisation plan is a win-win for all stakeholders Aug 24, 2021 12:04 PM IST

    Asset monetisation plan is a win-win for all stakeholders

    Given the low-interest rate scenario and markets touching new highs, the retail investor is looking for assets offering better yields and capital security

  • India's strong fundamentals, market size will continue to attract foreign investments: FM Nirmala Sitharaman Jul 19, 2021 02:30 PM IST

    India's strong fundamentals, market size will continue to attract foreign investments: FM Nirmala Sitharaman

    Quoting the World Investment Report 2021, the Finance Minister said FDI inflows into India rose by 25.4 per cent to reach USD 64 billion in 2020, from USD 51 billion in 2019, becoming fifth largest recipient in the world in 2020, up from eighth position it held in the previous year.

  • MSME, tourism, healthcare among top 9 sectors to benefit most from Sitharaman balm: Experts Jun 29, 2021 02:08 PM IST

    MSME, tourism, healthcare among top 9 sectors to benefit most from Sitharaman balm: Experts

    Four of the eight announcements by the Finance Minister were new and the other four were extension of existing schemes. According to analysts, the stock market is likely to react positively as the steps will help economic recovery, with limited fiscal cost.

  • May need another Rs 15,000 crore for vaccination says Chief Economic Advisor K V Subramanian Jun 17, 2021 06:02 PM IST

    May need another Rs 15,000 crore for vaccination says Chief Economic Advisor K V Subramanian

    Chief Economic advisor also said that the finance minister has mentioned front-loading of capital expenditure.

  • Naredco-UP urges FM Nirmala Sitharaman to amend guidelines of SWAMIH Fund Jun 04, 2021 09:13 PM IST

    Naredco-UP urges FM Nirmala Sitharaman to amend guidelines of SWAMIH Fund

    Seeks one-time rollover and restructuring of disbursed project loans

  • Without immediate reform, future of GST at 'grave risk', Tamil Nadu FM told GST Council May 30, 2021 01:52 PM IST

    Without immediate reform, future of GST at 'grave risk', Tamil Nadu FM told GST Council

    Pointing to a broad cross section of issues, ranging from the design of the GST Network that he said makes it harder for MSME firms to integrate fully, an enforcement model fragmented between Union & State government inspectors, to the enacting of laws with 'draconian' enforcement actions, Thiagarajan repeatedly stressed the current GST model does not serve the interests of the taxpayers.

  • Explained | What is the inverted duty structure and why is the GST Council talking about it? May 28, 2021 01:31 PM IST

    Explained | What is the inverted duty structure and why is the GST Council talking about it?

    Increasingly raised by domestic industry in a year marred by volatility in trade and rising costs, the issue of the inverted duty structure has re-acquired prominence. While everyone - from businesses, the Centre, state governments and tax authorities - unanimously think it's a problem, the responsibility of how to solve it has again been thrust upon the GST Council, the constitutional body that makes recommendations to the Union and state governments on issues related to GST.

  • Exclusive | GST Council may take up issue of inverted duty structure on May 28 May 27, 2021 02:36 PM IST

    Exclusive | GST Council may take up issue of inverted duty structure on May 28

    The structure leads to working capital challenges for businesses and creates additional compliance requirements and ultimately more costs. Demands from domestic industry to fix the anomaly has gained pace since the pandemic-induced industrial slowdown began.

  • SWAMIH Fund to deliver over 12,600 housing units spread across 26 projects within the next one year May 13, 2021 08:26 PM IST

    SWAMIH Fund to deliver over 12,600 housing units spread across 26 projects within the next one year

    Of the 26 housing projects, nine are located in Mumbai, seven in Delhi-NCR and the rest are spread across other Tier 1 and Tier 2 cities

  • SWAMIH Fund for stuck housing projects to benefit 1.16 lakh homebuyers: FM May 13, 2021 08:06 PM IST

    SWAMIH Fund for stuck housing projects to benefit 1.16 lakh homebuyers: FM

    Rivali Park Wintergreens is the first investment by the Swamih Fund and is also the first project to get completed. It is a large project spread over 7 acres consisting of 708 units of various configurations

  • How India Inc is helping in battle against COVID-19 Apr 30, 2021 02:26 PM IST

    How India Inc is helping in battle against COVID-19

    India Inc has stepped forward to lend a helping hand as the country's COVID-19 case count continues to rise unabated and an acute shortage of medical oxygen keeps hospitals on the edge. Watch the video to know how industry majors and startups are helping to keep the supply chain moving and augment the availability of medical oxygen in different parts of the country.

  • FISME writes to FinMin, demands action against raw material providers and revision in NPA norms Apr 29, 2021 02:43 PM IST

    FISME writes to FinMin, demands action against raw material providers and revision in NPA norms

    The woes of the MSME sector, facing a liquidity and supply crunch, shortage of labour and non-payment of dues forced by the pandemic-induced lockdown in 2020, continues

  • Credai members meet finance minister; discuss impending disruption caused by COVID-19 Apr 20, 2021 09:27 PM IST

    Credai members meet finance minister; discuss impending disruption caused by COVID-19

    The meeting with the finance minister was held in Kolkata

  • Centre not in favour of a 2020-kind of pan-India lockdown, says FM Nirmala Sitharaman Apr 20, 2021 08:11 PM IST

    Centre not in favour of a 2020-kind of pan-India lockdown, says FM Nirmala Sitharaman

    Ruling out a nationwide lockdown to tackle the COVID-19 second wave, Finance Minister Nirmala Sitharaman said the government is not abdicating its duty of providing free vaccines at public sector hospitals. The minister also spoke on the current vaccination drive and the problems of migrant labourers. Watch the video to know more.

  • Explained | Everything you wanted to know about Emergency Credit Line Guarantee Scheme Apr 01, 2021 03:45 PM IST

    Explained | Everything you wanted to know about Emergency Credit Line Guarantee Scheme

    The ECLGS aims to provide 100 percent guaranteed coverage to the banks, NBFCs and other lenders in order to enable them to extend emergency credit to businesses hit by the Covid-19 pandemic and struggling to meet their working capital requirements.

  • Government withdraws small savings scheme rate cut Apr 01, 2021 08:10 AM IST

    Government withdraws small savings scheme rate cut

    Finance Minister Nirmala Sitharaman said the orders issued by oversight shall be withdrawn.

  • The questions against electoral bonds must not be brushed aside Mar 29, 2021 10:49 AM IST

    The questions against electoral bonds must not be brushed aside

    The anonymity promised by electoral bonds have made it the most popular mode of donations to political parties. The law does not require political parties to mention the names of those contributing through these bonds.

  • EPF rule tweaked: Now, earn tax-free interest on contributions of up to Rs 5 lakh Mar 23, 2021 10:19 PM IST

    EPF rule tweaked: Now, earn tax-free interest on contributions of up to Rs 5 lakh

    Limit on tax-free employees' provident fund contributions raised from Rs 2.5 lakh announced in Union Budget 2021

  • Permission for new private banks to participate in govt business will be based on RBI guidelines: FM Nirmala Sitharaman Mar 16, 2021 04:03 PM IST

    Permission for new private banks to participate in govt business will be based on RBI guidelines: FM Nirmala Sitharaman

    Sitharaman, during the Question Hour in the Rajya Sabha, said the government has now ''only indicated'' the RBI to allow other private banks to perform government-related business to ensure there is a level playing field.

  • Rishi Sunak says UK economy will recover earlier than expected, announces corporate tax hike from 2023 Mar 04, 2021 08:38 AM IST

    Rishi Sunak says UK economy will recover earlier than expected, announces corporate tax hike from 2023

    Sunak has already racked up Britain’s highest borrowing since World War Two, with the deficit reaching an estimated 17% of GDP in the 2020/21 financial year that ends in April.

  • Finance Minister's decision to include private banks in government businesses a game-changer, says Karnataka Bank CEO & MD Mahabaleshwara MS Feb 25, 2021 12:16 PM IST

    Finance Minister's decision to include private banks in government businesses a game-changer, says Karnataka Bank CEO & MD Mahabaleshwara MS

    The central government has lifted the embargo on granting business to private banks. Finance Minister Nirmala Sitharaman on Wednesday said that all banks will be equal partners in developing the economy

  • Azim Premji: Government can immunise 500 million people in 60 days by involving private sector Feb 21, 2021 02:05 PM IST

    Azim Premji: Government can immunise 500 million people in 60 days by involving private sector

    Speaking at an interactive session organised by the Bangalore Chamber of Industry and Commerce (BCIC), Ajim Premji told Finance Minister Nirmala Sitharaman that deploying and administering the vaccine in large proportion was a key requirement.

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