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Tag "finance minister Nirmala Sitharaman"

Sitharaman may meet PSB chiefs to review NBFC liquidity

Sitharaman may meet PSB chiefs to review NBFC liquidity

🕔07:00, 27.Dec 2019

New Delhi, Dec 27  Finance minister Nirmala Sitharaman may meet heads of public sector banks (PSBs) on December 28 to review status of bank credit growth, credit to non-banking finance companies (NBFCs), the MSME sector credit, other bottlenecks and the

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Sitharaman may meet PSB chiefs to review NBFC liquidity

Sitharaman may meet PSB chiefs to review NBFC liquidity

🕔20:10, 26.Dec 2019

New Delhi, Dec 26 Finance minister Nirmala Sitharaman may meet heads of public sector banks (PSBs) on December 28 to review status of bank credit growth, credit to non-banking finance companies (NBFCs), the MSME sector credit, other bottlenecks and the

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FM may announce 100% aviation FDI in budget speech

FM may announce 100% aviation FDI in budget speech

🕔20:08, 26.Dec 2019

New Delhi, Dec 26 The government is contemplating a budget announcement to hike the foreign direct investment (FDI) limit in the aviation sector from 49 per cent to 100 per cent to attract international bids for Air India, slated for

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FM asks industry to bid for PSUs, Vedanta may bid for BPCL

FM asks industry to bid for PSUs, Vedanta may bid for BPCL

🕔15:27, 20.Dec 2019

New Delhi, Dec 20  Finance Minister Nirmala Sitharaman on Friday invited industry to participate in the disinvestment of central public sector enterprises (CPSEs) like BPCL, Concor and Shipping Corp, saying the country’s macroeconomic fundamentals are very strong and industry should

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GST compensation due for all states, not just for some: FM

GST compensation due for all states, not just for some: FM

🕔12:17, 13.Dec 2019

New Delhi, Dec 13  Not only opposition-ruled states but other states also have not been paid GST compensation for the last four months since August this year. Speaking in the Rajya Sabha, Finance Minister Nirmala Sitharaman admitted the delay but

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Cabinet approves umbrella bond exchange traded fund

Cabinet approves umbrella bond exchange traded fund

🕔13:56, 4.Dec 2019

New Delhi, Dec 4  The Union Cabinet on Wednesday cleared the creation and launch of the Bharat Bond exchange traded fund (ETF) to deepen the bond market and to broaden investor base by allowing retail investors to participate. “Umbrella bond

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Corporate Tax rate cut to deal with economic challenge: FM

Corporate Tax rate cut to deal with economic challenge: FM

🕔12:40, 3.Dec 2019

New Delhi, Dec 3  Union Finance Minister Nirmala Sitharaman on Monday told Parliament that the decision to cut corporate tax rate for domestic companies was necessary post the July Budget to deal with the challenges in the economy. In her

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Hopeful growth will be better in H2: Finance Minister

Hopeful growth will be better in H2: Finance Minister

🕔06:14, 16.Nov 2019

New Delhi, Nov 16  Finance Minister Nirmala Sitharaman on Friday said it was too early to say if the slowdown in the economy had bottomed out but she hopes the growth in second half of the fiscal will be better.

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FM takes stock of economic situation at FSDC meet

FM takes stock of economic situation at FSDC meet

🕔15:18, 7.Nov 2019

New Delhi, Nov 7  Finance Minister Nirmala Sitharaman on Thursday reviewed the current state of the economy at the meeting of the Financial Stability and Development Council (FSDC). FSDC is a body of financial regulators. There was no statement from

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Centre forms Rs 25K cr fund to rescue stalled housing projects

Centre forms Rs 25K cr fund to rescue stalled housing projects

🕔22:07, 6.Nov 2019

New Delhi, Nov 6 In a move to protect over 4 lakh home buyers, the Centre on Wednesday formed a Rs 25,000 crore fund with participation from state-run LIC and the State Bank of India (SBI) to restart stalled projects.

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FM hints at more sops for housing sector

FM hints at more sops for housing sector

🕔07:05, 6.Nov 2019

New Delhi, Nov 6 Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the

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PFC BAGS ‘NATIONAL CSR AWARD’

PFC BAGS ‘NATIONAL CSR AWARD’

🕔09:12, 31.Oct 2019

New Delhi; 30.10.2019 : Power Finance Corporation Limited has been awarded with National CSR Award 2018 in the Category –CSR Awards for Contribution to the National Priority Schemes, sub category – Environment and Sustainable Development including Solar Energy. The Award

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Govt could raise deposit guarantee limit from Rs 1 lakh: FM

Govt could raise deposit guarantee limit from Rs 1 lakh: FM

🕔07:52, 15.Oct 2019

New Delhi, Oct 15  Finance Minister Nirmala Sitharaman on Monday said that she is closely monitoring the developments at Punjab and Maharashtra Cooperative (PMC) Bank and the government could consider raising deposit guarantee limit from existing Rs 1 lakh. The

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FM to meet PSBs to discuss sharp drop in credit offtake

FM to meet PSBs to discuss sharp drop in credit offtake

🕔08:47, 10.Oct 2019

New Delhi, Oct 10  With Overall financial flows to the commercial sector declining sharply by 88 per cent during the first six months of the current financial year amid the slowdown in the economy, Finance Minister Nirmala Sitharaman has called

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Booster shots: Corporate tax rate cut, more measures for cap flow in markets

Booster shots: Corporate tax rate cut, more measures for cap flow in markets

🕔13:59, 20.Sep 2019

New Delhi, Sep 20 Hit hard by a slowing economy and a brewing global oil crisis, the government on Friday announced a series of tax incentives to boost the industry and restart investment. Finance Minister Nirmala Sitharaman announced a lowering

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FM to review PSU banks’ merger preparedness

FM to review PSU banks’ merger preparedness

🕔20:41, 18.Sep 2019

New Delhi , Sep 18 Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020. “Tomorrow’s PSB

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Centre’s steps for housing, exports to support economy: FICCI

Centre’s steps for housing, exports to support economy: FICCI

🕔18:10, 15.Sep 2019

New Delhi, Sep 15  The latest measures announced by the Finance Minister in the field of real estate and exports would help provide stimulus to the slowing economy, industry FICCI President Sandip Somany said on Sunday. The industry body welcomed

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Social sector spending not to be hit : Sitharaman

Social sector spending not to be hit : Sitharaman

🕔18:42, 7.Sep 2019

Kolkata, Sep 7 (IANS) Finance Minister Nirmala Sitharaman on Friday categorically said budgetary commitments for social sector spending would not be affected in case of tax shortfall while reiterating that the government was interacting with each sector facing challenges in the

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GST Council to decide on cutting vehicle rates: Sitharaman

GST Council to decide on cutting vehicle rates: Sitharaman

🕔07:36, 2.Sep 2019

Chennai, Sep 2  Finance Minister Nirmala Sitharaman on Sunday said that the GST Council will take the final call on reducing the tax rate on motor vehicles. Speaking to reporters here, she said that the government is addressing the issues

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Govt unveils mega PSU bank mergers to usher in NextGen Banks

Govt unveils mega PSU bank mergers to usher in NextGen Banks

🕔19:16, 30.Aug 2019

New Delhi, Aug 30 (IANS) The government on Friday announced the mega-merger of 10 PSU banks into four, where the Punjab National Bank, the Oriental Bank of Commerce and the United Bank to merge become the second-largest PSB while the Canara

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