Jammu and Kashmir economy will double in next few years: Nirmala Sitharaman
Jammu/UNI: Stating that Jammu and Kashmir is rapidly passing through a developmental phase, Union Finance Minister Nirmala Sitharaman on Tuesday said that the economy of Jammu and Kashmir will be doubled in the next few years.
Nirmala Sitharaman to visit Jammu and Kashmir on Nov 23
Jammu/UNI: Union Finance Minister Nirmala Sitharaman is likely to be on a two days visit to Jammu and Kashmir starting from Nov 23.
Investment in J&K expected to reach Rs 35,000 cr by year end: Manoj Sinha
Jammu/IBNS: Lieutenant Governor Manoj Sinha highlighted the key reforms and steps taken for managing the union territory’s economy during Covid, its growth potential, besides putting across issues that require consideration by the administration during an interaction with the Union Finance Minister Nirmala Sitharaman.
India needs 4-5 more banks of SBI’s size, says FM Nirmala Sitharaman
Mumbai/UNI: Stressing the need for bigger banks in the country, Finance Minister Nirmala Sitharaman on Sunday said that India needs 4-5 banks of the size of State Bank of India (SBI) in the wake of new requirements.
Zomato, Swiggy to collect 5 pct GST from consumers: Nirmala Sitharaman
New Delhi/IBNS: Food delivery apps like Zomato and Swiggy will collect five per cent Goods and Services Tax (GST) from consumers instead of the restaurant they pick up orders from, Union Finance Minister Nirmala Sitharaman said on Friday.
GST Council extends concessional rate on COVID medicines till Dec 31: Nirmala Sitharaman
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday announced that the GST Council has decided to extend the reduced rates on medicines used for COVID-19 treatment till December 31, 2020. The previous deadline was September 30.
New Delhi/UNI: The GST Council in its meeting on Friday may discuss the possibility of bringing diesel and petrol in the ambit of the new indirect tax regime besides considering a proposal to levy a five per cent tax on food-delivery apps such as Zomato and Swiggy.
New Delhi/IBNS: Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet on Wednesday.
Union Cabinet approves Rs 30,600 cr for 'Bad Bank'
New Delhi/IBNS: Finance Minister Nirmala Sitharaman today said the Union Cabinet has approved a government guarantee of Rs 30,600 crore for securities receipts issued by the National Asset Reconstruction Company (NARCL) or 'Bad Bank'.
'Not right' : Nirmala Sitharaman on article accusing Infosys of 'conspiracy'
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has said the article in RSS-linked weekly magazine "Panchajanya" alleging anti-national conspiracy behind the glitches in the tax-filing website operated by Infosys was "not right", according to media reports.
Finance Minister Nirmala Sitharaman launches National Monetisation Pipeline
New Delhi/IBNS: Union Minister for Finance Nirmala Sitharaman on Monday launched the asset monetisation pipeline of Central ministries and public sector entities: ‘National Monetisation Pipeline (NMP Volumes 1 & 2)’.
No relief in sight from high fuel prices, FM Nirmala Sitharaman blames UPA-era oil bonds for it
New Delhi/UNI: There seems to be no relief in sight for consumers feeling the heat of higher fuel prices with the government insisting that it has to pay dues on account of oil bonds issued during UPA era to keep diesel and petrol prices in check.
New Delhi/IBNS: In a move to bring relief to the depositors of troubled banks, the Union Cabinet has approved the Deposit Insurance and Credit Guarantee Corporation (Amendment Bill) on July 28, Finance Minister Nirmala Sitharaman said.
Dept of Public Enterprises back with Finance Ministry for better coordination and asset management
New Delhi/IBNS: The Department of Public Enterprises (DPE) which was created in 1965 as Bureau of Public Enterprises (BPE) has been placed under the ministry of finance to allow "direct and better" coordination, according to a media report.
Cabinet nod to Rs 6.28 lakh cr stimulus package announced by FM Nirmala Sitharaman
New Delhi/UNI: The Union Cabinet on Wednesday approved a Rs 6,28,993 crore stimulus package announced by Union Finance Minister Nirmala Sitharaman to bail out the Covid-hit economy. This was informed by Information and Broadcasting Minister Prakash Javadekar while briefing mediapersons about the Cabinet decisions.