Govt will not set up a separate fund for Aspirational Districts: Sitharaman
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.
Insolvency and Bankruptcy Code improved resolution processes in India: Economic Survey
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.
Subdued manufacturing activities lowered IIP, says Economic Survey 2019-20
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.
Hectic trading to be seen on Budget day, exchanges to remain open on Saturday
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.
Finance Ministry updates major steps taken to boost economy in the last few months
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.
Demonetisation, GST encourage digitisation: FM Nirmala Sitharaman
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.
Indian corporate sector cheers Nirmala Sitharaman's tax slash move
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.
No employee will be removed: Nirmala Sitharaman
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.
Assocham welcomes FM Sitharaman's steps to revive growth
New Delhi, Aug 23 (UNI) India Inc on Friday thanked Finance Minister Nirmala Sitharaman for unveiling a slew of measures to revive economic growth and alleviate problems faced by specific sectors.
Our government kept reform as top agenda since 2014: Nirmala Sitharaman
New Delhi, Aug 23 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday said the focus of her government since 2014 has been to keep 'reform' as a top agenda.
Nirmala Sitharaman to present her maiden budget today
New Delhi, July 5 (IBNS): Finance Minister Nirmala Sitharaman is all set to present her first Union Budget on Friday.
Nirmala Sitharaman takes charge as the Union Minister of Finance & Corporate Affairs
New delhi, May 31 (IBNS): Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs here on Friday.
One Lakh villages to go digital over next five years: Govt
New Delhi, Feb 1 (IBNS): India having emerged as the world leader in the consumption of mobile data, the Government on Friday said it is now aiming to widen its impact by reaching out to the interior and rural areas.