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Tag "finance minister Nirmala Sitharaman"

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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More measures coming to prop up economy : Sitharaman

More measures coming to prop up economy : Sitharaman

🕔19:03, 29.Aug 2019

Guwahati, Aug 29 (IANS) Noting that consumption needs a boost, Finance Minister Nirmala Sitharaman on Thursday said that more measures to accelerate economic growth are in the pipeline and would be announced in the coming weeks. She reiterated that spending on

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Cabinet may relax FDI in retail, okay ordinance to roll back FPI surcharge

Cabinet may relax FDI in retail, okay ordinance to roll back FPI surcharge

🕔07:25, 28.Aug 2019

New Delhi, Aug 28  The Union cabinet in its meeting on Wednesday would take up proposals to relax foreign direct investment (FDI) in various sectors, including single brand retail and digital media, as announced by Finance Minister Nirmala Sitharaman in

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FM comes hard on ‘tax terror’, introduces faceless scrutiny

FM comes hard on ‘tax terror’, introduces faceless scrutiny

🕔11:35, 24.Aug 2019

New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach or harass as the tax targets set in the Budget are well within achievable limits. The minister’s assertions came at a

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Measures to drive auto sector’s growth unveiled

Measures to drive auto sector’s growth unveiled

🕔11:34, 24.Aug 2019

New Delhi, Aug 23 (IANS) The Central government on Friday gave a major boost to the automobile industry by announcing a slew of measures to reverse slowdown denting the sector. At present, the sector has been impacted by a consumption slowdown

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Govt rolls back surcharge on FPIs to check capital outflow

Govt rolls back surcharge on FPIs to check capital outflow

🕔11:29, 24.Aug 2019

New Delhi, Aug 23 (IANS) With an aim to check the massive outflow of foreign portfolio investment since the Budget, the government on Friday withdrew the surcharge levied on them. As a result, the tax incidence for foreign portfolio investors (FPIs)

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Relief for FPIs as Centre unveils booster dose for economy

Relief for FPIs as Centre unveils booster dose for economy

🕔11:27, 24.Aug 2019

New Delhi, Aug 23 (IANS) With the economy in slowdown mode and expected to falter further, the Modi government on Friday came out with slew of measures including the reversal of the income tax surcharge on FPIs, an upfront recap of

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