June 25, 2019 07:35 PM IST
The rupee has depreciated from Rs 60.50 to a dollar in 2013-14 to Rs 69.74 to a dollar in April-December of 2018-19, the minister said in a written reply to the Rajya Sabha.
June 25, 2019 07:20 PM IST
Sitharaman said the notes in circulation had grown at an average growth rate of 14.51 per cent year on year wise since October 2014.
June 25, 2019 02:25 PM IST
Getting out of the slowdown without jeopardising fiscal rectitude and economic stability calls for a macro stimulus with micro efficiency.
June 24, 2019 08:00 PM IST
The Department takes actions, like searches, surveys, enquiries, assessment of income, levy of tax/interest/penalty and launching prosecution, against those possessing black money.
June 24, 2019 11:32 AM IST
While the coming budget may incentivise job-oriented private investment and focus on skill-development initiatives, the government is likely to persuade banks, particularly public sector ones, to slash interest rates
June 21, 2019 04:07 PM IST
"The Centre has the responsibility of setting the direction of the economic growth while it is the responsibility of the states to implement," said Sitharaman.
June 20, 2019 02:00 PM IST
The reluctance to lower the rate stems from the fact that the effective tax rate paid by many companies is much lower, due to exemptions available under law
June 20, 2019 01:24 PM IST
In its manifesto released ahead of the recently-concluded Lok Sabha elections, the BJP had vowed a raft of measures for the agriculture sector
June 14, 2019 07:32 PM IST
The meeting was attended by Rajiv Kumar, Vice-Chairman, NITI Aayog, Subhash C Garg, Finance Secretary, Ajay Bhushan Pandey, Revenue Secretary, Rajiv Kumar, Secretary, DFS, Girish Chandra Murmu, Expenditure Secretary and KV Subramanian, CEA among others.
June 14, 2019 03:36 PM IST
The main areas of discussion included issues relating to health education, social protection, pensions and human development
June 13, 2019 04:01 PM IST
The key areas discussed included issues relating to the capital markets, the financial sector, non-banking financial companies (NBFCs) and alternative investment funds, among others.
June 11, 2019 06:45 PM IST
Representatives who attended the meeting included Vikram S. Kirloskar, President, CII, Balkrishan Goenka, President, ASSOCHAM, and Sandip Somany, President, FICCI, among others.
June 11, 2019 04:48 PM IST
She discussed measures to boost economic and social infrastructure in rural areas and ways to eradicate unemployment and poverty through development of agriculture and allied sectors.
June 11, 2019 10:35 AM IST
The playbook has to be rewritten. The monochromatic definition of infrastructure to only mean built structures should change.
June 06, 2019 09:55 PM IST
As Modi 2.0 government gets down to prepare its first budget, North Block, which houses the finance ministry here, will be in 'quarantine' or out of bounds for visitors and media from June 10.
June 06, 2019 05:16 PM IST
The two-day meeting will be the first overseas visit of Sitharaman as the Finance Minister.
June 03, 2019 06:10 PM IST
Ensuring that the economy remains on a strong growth trajectory while creating employment, in a shaky global economy is a Herculean task.
June 03, 2019 08:49 AM IST
The new finance minister has her hands full as a number of pressing problems await to be solved, in order for economic growth to recover
May 31, 2019 10:24 PM IST
While the economy grew at 5.8% in the January-March period, falling behind China's pace for the first time in nearly two years, the unemployment rate rose to a multi-year high of 6.1% in the 2017/18 fiscal year.
May 31, 2019 09:23 PM IST
India's fiscal position has hardly improved over the past few years given growing demands on government budgets to support both consumption and investment.
May 30, 2019 07:53 PM IST
As the Defence Minister, Sitharaman attempted to strengthen the Army, Navy and the Air Force and was credited for expediting the decision making process relating to defence procurement.
May 04, 2019 06:22 PM IST
The Ladakh usually remains cut-off for nearly six months annually due to closure of Srinagar-Leh national highway during winter.
April 30, 2019 08:52 AM IST
Sitharaman attended the SCO Defence Ministers' conclave in Bishkek where ways to further boost defence and security cooperation among the member countries in the wake of evolving security challenges in the region were discussed.
April 17, 2019 12:37 PM IST
The defence minister said that she hadn't informed anybody, not even the ones in her party circle.
April 12, 2019 08:40 AM IST
The Congress demand came a day after the apex court agreed to hear review petitions on the Rafale deal on the basis of secret documents leaked to the media.
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