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Tag "finance minister Nirmala Sitharaman"

Finance Minister reviews Pradhan Mantri Fasal Bima Yojana

Finance Minister reviews Pradhan Mantri Fasal Bima Yojana

🕔07:13, 14.Jul 2020

New Delhi, July 14  Union Finance Minister Nirmala Sitharaman on Monday pushed for stringent follow-up action with states, where the subsidy under the Pradhan Mantri Fasal Bima Yojana (PMFBY) is pending, to ensure payment of all pending claims to farmers

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Sitharaman reviews working of health workers’ insurance scheme

Sitharaman reviews working of health workers’ insurance scheme

🕔07:06, 14.Jul 2020

New Delhi, July 14  Finance Minister Nirmala Sitharaman on Monday chaired a meeting to review the implementation of the insurance scheme for health workers fighting Covid-19, as announced under the Pradhan Mantri Garib Kalyan Package (PMGKP). The meeting, through video

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NBFC body urges FM to include individuals under ECLGS

NBFC body urges FM to include individuals under ECLGS

🕔18:30, 6.Jul 2020

New Delhi, July 6 Finance Industry Development Council (FIDC), the industry body of NBFCs has written to the Finance Minister seeking inclusion of all loans given to individuals for purchase of commercial vehicles under the Emergency Credit Line Guarantee Scheme (ECLGS)

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Govt discussing with RBI on one-time loan rejig for stressed cos

Govt discussing with RBI on one-time loan rejig for stressed cos

🕔07:24, 26.Jun 2020

Chennai, June 26  Union Finance Minister Nirmala Sitharaman on Thursday said the government is discussing with the Reserve Bank of India (RBI) for loan restructuring of companies which are stressed owing to the Covid-19 pandemic. Speaking at a webinar organised

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Over Rs 65k cr given through DBT to PMGKP beneficiaries

Over Rs 65k cr given through DBT to PMGKP beneficiaries

🕔19:30, 20.Jun 2020

New Delhi, June 20  More than 42 crore beneficiaries have been extended cash support through Direct Benefit Transfer (DBT) totalling Rs 65,454 crore under the Pradhan Mantri Garib Kalyan Package (PMGKP) till June 19, the Finance Ministry said on Saturday.

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Govt closely monitoring rate cut transmission by banks: Sitharaman

Govt closely monitoring rate cut transmission by banks: Sitharaman

🕔07:29, 20.Jun 2020

New Delhi, June 20  Finance Minister Nirmala Sitharaman on Friday said that the government is closely monitoring the transmission of the repo rate cuts by the banks to the consumers. During a video conference with the Managing Committee Members of

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Give India Inc one-time debt restructuring option for early recovery: Assocham

Give India Inc one-time debt restructuring option for early recovery: Assocham

🕔17:38, 17.Jun 2020

New Delhi, June 17 Industry body Assocham has urged the Centre to provide India Inc with a one-time debt restructuring option without triggering non-performing asset norms. In a letter to Finance Minister Nirmala Sitharaman dated June 16, Assocham ‘s Secretary General

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GST Council mulls correction of inverted duty structure

GST Council mulls correction of inverted duty structure

🕔06:58, 13.Jun 2020

New Delhi, June 13 The GST Council is considering the correction of the inverted duty structure as it has impacted revenue collection, along with resulting in higher outflow of refunds. On Friday, the council, headed by Finance Minister Nirmala Sitharaman, discussed

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GST Council to meet again in July on compensation to states: FM

GST Council to meet again in July on compensation to states: FM

🕔18:47, 12.Jun 2020

New Delhi, June 12  Faced with a sharp decline in GST collections due to the lockdown and disruptions in economic activities across the country, the Central government may look at paying GST compensation to states using a portion of its

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Cos qualifying 15% corp tax may get more time for project completion

Cos qualifying 15% corp tax may get more time for project completion

🕔18:42, 10.Jun 2020

New Delhi, June 10  Government proposes to give one more year to manufacturing companies proposing to start production from their new greenfield facilities and qualify for lower corporate tax rate of 15 per cent. In September last year the Finance

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Our economic package not different from other countries: FM

Our economic package not different from other countries: FM

🕔10:06, 24.May 2020

New Delhi, May 24  Finance Minister Nirmala Sitharaman said on Saturday that the economic package announced by the Centre to help revive the economy amid the coronavirus pandemic is not different from that announced by the other countries, but may

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Every FY21 budget assumption will have to be reviewed: FM

Every FY21 budget assumption will have to be reviewed: FM

🕔17:39, 23.May 2020

New Delhi, May 23 Every assumption made in the 2020-21 Union Budget, presented in February, would have to be reviewed in view of the coronavirus pandemic, said Finance Minister Nirmala Sitharaman, here on Saturday. “Every assumption made in the budget 2020

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FM talks to PSBs on operationalising ‘Atmanirbhar Bharat’ package

FM talks to PSBs on operationalising ‘Atmanirbhar Bharat’ package

🕔07:14, 23.May 2020

New Delhi, May 23  Union Finance Minister Nirmala Sitharaman on Friday met with heads of public sector banks (PSB) through videoconference for the operationalisation of the economic package under the ‘Atmanirbhar Bharat’ initiative. In a tweet, the Department of Financial

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Stimulus a game changer for health, education, biz sectors: Shah

Stimulus a game changer for health, education, biz sectors: Shah

🕔18:26, 17.May 2020

New Delhi, May 17  Union Home Minister Amit Shah on Sunday called the mega stimulus push announced by Finance Minister Nirmala Sitharaman a game changer in health, education and business sectors. Expressing his views in a series of tweets, Shah

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Reset Stimulus: More social spending, greater pvt participation allowed

Reset Stimulus: More social spending, greater pvt participation allowed

🕔18:18, 17.May 2020

New Delhi, May 17  Union Finance Minister Nirmala Sitharaman on Sunday eased corporate regulations, allowed greater private participation in the economy and increased social spending budget to mitigate the economic fallout of Covid-19 outbreak. On one hand, Sitharaman announced a

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Centre to allocate Rs 40,000 crores more for MGNREGS

Centre to allocate Rs 40,000 crores more for MGNREGS

🕔13:50, 17.May 2020

New Delhi, May 17 The Centre has decided to allocate an additional Rs 40,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). In the Union Budget 2020-21, the government had allocated Rs 61,500 crore for MGNREGS, and

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No fresh bankruptcy for 1 year, special insolvency framework for MSMEs

No fresh bankruptcy for 1 year, special insolvency framework for MSMEs

🕔13:47, 17.May 2020

New Delhi, May 17 In a major relief for businesses, Finance Minister Nirmala Sitharaman on Sunday announced that no fresh insolvency case will be admitted for the next one year in view of the coronavirus pandemic. The government had earlier

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Govt to launch ‘PM eVIDYA’ for access to digital education

Govt to launch ‘PM eVIDYA’ for access to digital education

🕔13:46, 17.May 2020

New Delhi, May 17 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday said that ‘PM eVIDYA’ programme for multi-mode access to digital education will be launched immediately and that 100 universities will be permitted to start online courses by May 30.

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Govt allows direct listing by Indian companies abroad

Govt allows direct listing by Indian companies abroad

🕔13:45, 17.May 2020

New Delhi, May 17  In yet another move towards fuller capital account convertibility, the government has thrown open the doors for Indian public companies to directly list their shares abroad and access a larger pool of capital. It has also

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Centre decriminalises minor violations under Companies Act

Centre decriminalises minor violations under Companies Act

🕔13:43, 17.May 2020

New Delhi, May 17 (IANS) In another set of reform measures announced on Sunday, Finance Minister Nirmala Sitharaman said minor technical and procedural defaults under the Companies Act will be decriminalised. The decriminalised violations include shortcomings in CSR reporting, inadequacies in

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