New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman's fourth press conference on Rs. 20 lakh crore economic package, dubbed as a package to build "Aatmanirbhar Bharat" or "Self-reliant India", was largely concentrated with the Narendra Modi government's push to privatisation in multiple sectors through reforms.
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman is holding her fourth press conference to give details of the Rs. 20 lakh crore mega stimulus economic package which was announced by Prime Minister Narendra Modi earlier this week.
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Friday welcomed the RBI announcement of massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the Covid-19 pandemic and maintained that three month moratorium on payments of term loan instalments and interest on working capital will give much-desired relief.
Kolkata/UNI: The Indian Chamber of Commerce (ICC) delegation led by president Mayank Jalan had a post-budget discussion with Union Finance Minister Nirmala Sitharaman in the city on Sunday.
Mumbai/IBNS: Clarifying government's stand on funding the Aspirational Districts, Finance Minister Nirmala Sitharaman on Friday said the government will not create a separate fund like SC/ST fund for the Aspirational Districts but facilitate reaching of the existing schemes to these districts.
New Delhi/IBNS: The Economic Survey 2019-20 highlighted that the Insolvency and Bankruptcy Code (IBC) has improved resolution processes in India compared to the earlier measures.
New Delhi/IBNS: The moderation in the Index of Industrial Production (IIP) to 3.8 per cent in 2018-19 compared to 4.4 per cent in 2017-18 has been due to subdued manufacturing activities caused by slower credit flow to Medium and Small industries, reduced lending by NBFCs owing to liquidity crunch, tapering of domestic demand for key sectors such as automotive sector, pharmaceuticals, and machinery and equipment, volatility in international crude oil prices, prevailing trade-related uncertainties, noted the Economic Survey 2019-20.
New Delhi/IBNS: The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate wealth, on the one hand, and weaning away from “pro-crony” policy that may favour specific private interests, especially powerful incumbents, on the other hand.
New Delhi/UNI: Stock markets will be open on Saturday like any other weekday and frenzied buying or selling could be seen as Finance Minister Nirmala Sitharaman reads out Budget announcements.
New Delhi/IBNS: The government today highlighted a slew of economic measures taken in the last few months on consumption and investment fronts and added that patterns have already started to emerge resulting from these steps, though Finance Minister Nirmala Sitharaman avoided stating the extent of the impact.
New Delhi: Union Finance Minister Nirmala Sitharaman has said that the global economic risks and imbalances reinforce the need to strengthen global co-operation at the multilateral level, besides governmental initiatives.
Dharwad, Oct 5 (UNI): Union Finance Minister Nirmala Sitharaman on Saturday said demonetisation and GST encouraged digitisation which will alternately drive the country towards open and transparent economic system.
Mumbai/Goa: The industry captains and market experts cheered Union Finance Minister Nirmala Sitharaman's move to slash corporate tax, calling it a step in the right direction and game-changer for the sagging Indian economy.
Goa: Union Finance Minister Nirmala Sitharaman on Friday announced corporate tax rate cuts to 22 per cent for domestic companies and 15 per cent for newly-formed domestic manufacturing companies among other fiscal measures to boost the investments in the country.
New Delhi, Sept 1 (IBNS): Union Finance Minister Nirmala Sitharaman on Sunday assured the nation that there will not be any job loss following the government's decision to merge 10 public sector banks.