Nirmala Sitharaman

This comes at a time when the country was facing an economic slowdown

In this episode of Editor’s Take, Sakshi Batra gets in conversation with Moneycontrol Deputy Executive Editor Gaurav Choudhury on all about the ban on the e-cigarettes.

The ban prohibits production, manufacturing, import, export, transport, sale or distribution, storage and advertisement of e-cigarettes in India.

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.

In this episode of Reporter’s Take, Shraddha Sharma talks to M Saraswathy on how the banks will deal with the insurance businesses and how it will affect the customers of those insurances.

The committee submitted its report to finance minister Nirmala Sitharaman on September 2.

The acknowledgement of the problems with the slowdown in economy by the government was reassuring news for the market.

The auto industry contributes about 7.5 percent to India's GDP — nearly half of the overall manufacturing sector's share of 17 percent of the GDP.

FM Nirmala Sitharaman announced a slew of steps for foreign investors, banks and the auto sector, among others.

The minister also said that all future GST refunds to MSMEs shall be paid within 60 days from the date of application.

This comes as a major relief for public sector banks that are in dire need for capital amid higher provisioning against bad loans.

While the Reserve Bank of India (RBI) has slashed policy rate by 110 basis points since February this year, banks were unable to fully pass on the benefit of the rate cuts due to tight liquidity conditions.

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.

Expressing optimism about the state of economy, Sitharaman said India's growth still much higher than global growth.

In her maiden Budget proposal, the Finance Minister had proposed to impose a higher tax surcharge on the super-rich.

The panel, headed by the former RBI governor, will not meet again, and the report will be submitted to the RBI in the next few days.

The amendment, along with 28 others, were approved by a voice vote by the Lok Sabha, which passed the Finance Bill 2019.

Ideally, the peak income tax rate of 42.7 percent should come down over time, Finance Minister Nirmala Sitharaman said in an interview, repeating and stressing the word ‘ideally’