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Parliament passes Insolvency & Bankruptcy Code Bill

Parliament passes Insolvency & Bankruptcy Code Bill

🕔16:13, 12.Mar 2020

New Delhi, March 12  The Insolvency and Bankruptcy Code (Amendment) Bill, 2020 was passed by voice vote in the Rajya Sabha on Thursday. It was passed in Lok Sabha on March 6. The amendments are aimed at streamlining the insolvency

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Finance Minister to review bank merger preparedness

Finance Minister to review bank merger preparedness

🕔14:10, 11.Mar 2020

New Delhi, March 11 As the bank merger becomes effective April 1, Finance Minister Nirmala Sitharaman is scheduled to meet the chief executives of the amalgamating banks on Thursday to review the preparedness for the merger. The Union cabinet already approved

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No instruction to banks on withdrawing Rs 2000 notes: FM

No instruction to banks on withdrawing Rs 2000 notes: FM

🕔15:36, 27.Feb 2020

New Delhi, Feb 27  Finance Minister Nirmala Sitharaman on Wednesday said that no instructions have been given to banks on stopping issuing notes of Rs 2000 denomination. “As far as I know, no such instruction has been given to the

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All pending MSME loans to be restructured by March 15: FM

All pending MSME loans to be restructured by March 15: FM

🕔07:00, 27.Feb 2020

New Delhi, Feb 27  Finance Minister Nirmala Sitharaman said a total 5.53 lakh MSME accounts have been identified and out of which 5.28 lakh entities have been restructured and the process will be done by March 15. “So far, a

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Sovereign bonds issue remains a non-starter after 7 months

Sovereign bonds issue remains a non-starter after 7 months

🕔11:23, 24.Feb 2020

New Delhi, Feb 24  Seven months after the announcement, the sovereign bonds issue announced by Finance Minister Nirmala Sitharaman remain a non-starter. To date, the Finance Ministry has not fixed any target amount to be raised through sovereign borrowings in

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Centre informally proposed GST rate rejig once a year: FM

Centre informally proposed GST rate rejig once a year: FM

🕔06:45, 10.Feb 2020

Kolkata, Feb 10  The Centre has informally proposed to the GST Council that rationalisation of rates be done once in a year and not every three months, as the present system was bringing in a certain level of uncertainty for

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Sitharaman tables Direct Tax ‘Vivad Se Vishwas’ Bill in LS

Sitharaman tables Direct Tax ‘Vivad Se Vishwas’ Bill in LS

🕔07:06, 6.Feb 2020

New Delhi, Feb 6  Union Finance Minister Nirmala Sitharaman on Wednesday introduced a bill in the Lok Sabha designed to provide resolutions for disputed tax cases involving crores of rupees. Introducing the Direct Tax Vivad Se Vishwas Bill, 2020, the

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Govt to list LIC on exchanges: FM

Govt to list LIC on exchanges: FM

🕔13:31, 1.Feb 2020

New Delhi, Feb 1 ) Government will reduce its stake in state life insurer LIC through an IPO, Finance Minister Nirmala Sitharaman said on Saturday. “Government will list LIC on the stock exchanges”, she said in her Budget speech. This could

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PMC Effect: Deposit insurance raised to Rs 5 lakh

PMC Effect: Deposit insurance raised to Rs 5 lakh

🕔13:24, 1.Feb 2020

New Delhi, Feb 1  In a major relief to the common man, the Finance Minister on Saturday announced to raise the insurance cover on bank deposits to Rs 5 lakh from the current Rs 1 lakh. The decision comes after

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GST collection up 8% yoy to Rs 1.10 lakh cr in Jan, signals recovery

GST collection up 8% yoy to Rs 1.10 lakh cr in Jan, signals recovery

🕔12:27, 1.Feb 2020

New Delhi, Feb 1  In a much-needed shot in the arm for the government, GST collection increased 8.12 per cent year-on-year to Rs 1,10,828 crore in January 2020. This is only the second time since roll-out of GST that the

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As per tradition, Finance Minister, Nirmala Sitharaman, calls on the President of India, Ram Nath Kovind

As per tradition, Finance Minister, Nirmala Sitharaman, calls on the President of India, Ram Nath Kovind

🕔11:50, 1.Feb 2020 Read Full Article
Govt to decriminalise Income Tax Act, PMLA

Govt to decriminalise Income Tax Act, PMLA

🕔06:52, 21.Jan 2020

New Delhi/Chennai, Jan 21  The NDA government is moving to decriminalise the Income Tax Act and the Prevention of Money Laundering Act (PMLA) as part of steps towards restoring business confidence. These are among the steps being taken to catapult

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Budget 2020 may push back fiscal deficit MTFP target

Budget 2020 may push back fiscal deficit MTFP target

🕔17:48, 20.Jan 2020

New Delhi, Jan 20  The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial year

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FM kicks off 2020 Budget countdown with ‘Halwa’ ceremony

FM kicks off 2020 Budget countdown with ‘Halwa’ ceremony

🕔14:03, 20.Jan 2020

New Delhi, Jan 20  Finance Minister Nirmala Sitharaman on Monday kicked off the countdown to the Union Budget on February 1 by joining the ‘Halwa’ ceremony and with this the the Budget paper printing starts under utmost secrecy. Sitharaman, MoS

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Platform for e-auction of PSB attached assets launched

Platform for e-auction of PSB attached assets launched

🕔06:46, 30.Dec 2019

New Delhi, Dec 30  Finance Minister Nirmala Sitharaman here on Saturday launched a common e-auction platform for assets attached by the public sector banks (PSBs). The platform, equipped with property search features and navigational links to all PSB e-auction sites,

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Budget may provide National Fund for Protection of Children

Budget may provide National Fund for Protection of Children

🕔06:35, 26.Dec 2019

New Delhi, Dec 26  The general budget in February may make provision for a National Fund for Protection of Children under the child budgeting besides seeing moderate increase in the allocation for the overall women and child development. The size

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Sitharaman invites suggetions on ‘GST Feedback Diwas’

Sitharaman invites suggetions on ‘GST Feedback Diwas’

🕔16:46, 7.Dec 2019

New Delhi, Dec 7  Finance Minister Nirmala Sitharaman has invited suggestions on simplifying of return filing process under the Goods and Services Tax (GST) regime as the central and state GST authorities have organised a nationwide ‘GST Stakeholder Feedback Diwas’

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PSBs disbursed Rs 4.91 lakh cr loan during Oct-Nov: FM

PSBs disbursed Rs 4.91 lakh cr loan during Oct-Nov: FM

🕔11:57, 4.Dec 2019

New Delhi, Dec 4  As part of a government-initiated outreach programme, public sector banks have disbursed a record Rs 4.91 lakh crore of loans during October-November, the finance ministry said on Tuesday. Finance Minister Nirmala Sitharaman in September asked banks

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Finmin presents report card on measures to boost economy, claim huge progress

Finmin presents report card on measures to boost economy, claim huge progress

🕔08:05, 1.Nov 2019

New Delhi, Nov 01  In a status report on measures announced to boost economy, the Finance Ministry on Thursday claimed to have fulfilled many, while making significant progress on several others. As per the report card, all public sector banks

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FM may release sops for realty, export sectors

FM may release sops for realty, export sectors

🕔14:39, 14.Sep 2019

New Delhi, Sep 14  Finance Minister Nirmala Sitharaman is scheduled to announce further relief measures for the economy on Saturday to reverse the current economic slowdown. Though the agenda of her conference is not detailed, sources said that the focus

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