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Economic recovery resilient despite surging Covid cases: FinMin report

Economic recovery resilient despite surging Covid cases: FinMin report

🕔19:12, 5.Apr 2021

New Delhi, April 5  As the country witnesses a rapid resurgence of coronavirus cases, a Finance Ministry report has exuded confidence in the Indian economy and termed the economic recovery as resilient citing improvement in high frequency indicators. The Monthly

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FM clarifies on equalisation levy as LS passes Finance Bill

FM clarifies on equalisation levy as LS passes Finance Bill

🕔06:41, 24.Mar 2021

New Delhi, March 24  Finance Minister Nirmala Sitharaman on Tuesday clarified that the equalisation levy will not be applicable on foreign companies who pay income tax in India. The Lok Sabha on Tuesday passed the Finance Bill, 2021, with Sitharaman

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Finance Minister addresses the Central Board of RBI Directors

Finance Minister addresses the Central Board of RBI Directors

🕔07:10, 17.Feb 2021

New Delhi, Feb 17  The 587th meeting of the Central Board of Directors of Reserve Bank of India was held under the chairmanship of Governor Shaktikanta Das, through video conferencing on Tuesday, an official statement said. The meeting was also

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Budget attempts to provide stimulus for growth: Sitharaman

Budget attempts to provide stimulus for growth: Sitharaman

🕔10:53, 13.Feb 2021

New Delhi, Feb 13  Finance Minister Nirmala Sitharaman on Friday said that the Union Budget for FY21-22 attempts at providing stimulus to the economy. Noting that post the pandemic global economies have witnessed contraction, the Minister, in her reply during

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Govt’s disinvestment policy not akin to ‘selling family silver’: FM

Govt’s disinvestment policy not akin to ‘selling family silver’: FM

🕔18:55, 7.Feb 2021

Mumbai, Feb 7  Union Finance Minister Nirmala Sitharaman on Sunday said the government’s latest disinvestment policy including the proposal to privatise two state-run banks is not akin to “selling the family silver” as alleged by the opposition. Speaking at an

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Govt to give discount to investors using digital mode under gold bond scheme

Govt to give discount to investors using digital mode under gold bond scheme

🕔14:20, 9.Jan 2021

New Delhi, Jan 9  The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode. As per a statement from the Finance

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India witnessing V-shaped recovery since June: FinMin Report

India witnessing V-shaped recovery since June: FinMin Report

🕔17:14, 5.Jan 2021

New Delhi, Jan 5  India has been witnessing a ‘V-shaped’ recovery since June with the gradual easing of restrictions on economic activities, said a Finance Ministry report. “The sustained improvement in high frequency indicators ignite optimism of an improved performance

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FM reviews implementation of AatmaNirbhar Bharat package with secys

FM reviews implementation of AatmaNirbhar Bharat package with secys

🕔06:52, 14.Dec 2020

New Delhi, Dec 14 Banks have sanctioned additional credit amounting to Rs 2,05,563 crore to 80,93,491 borrowers under the Emergency Credit Line Guarantee Scheme (ECLGS). The Rs 3 lakh crore ECLGS scheme was announced by the government early this year as

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Govt to allocate Rs 10,000 cr more for PM Garib Kalyan Rozgar Yojana

Govt to allocate Rs 10,000 cr more for PM Garib Kalyan Rozgar Yojana

🕔11:58, 13.Nov 2020

New Delhi, Nov 13  The Centre will allocate an additional amount of Rs 10,000 crore for the Prime Minister Garib Kalyan Rozgar Yojana in a bid to boost rural employment amid the pandemic, Finance Minister Nirmala Sitharaman said on Thursday.

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Govt extends emergency credit line for sectors stressed by Covid

Govt extends emergency credit line for sectors stressed by Covid

🕔17:26, 12.Nov 2020

New Delhi, Nov 12  The Centre on Thursday revamped its Rs three lakh crore emergency credit line guarantee scheme (RCLGS) launched for providing liquidity to the MSMEs during the Covid pandemic by extending its coverage to entities in 26 stressed

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FM announces Rs 18,000 cr additional outlay for PMAY-Urban

FM announces Rs 18,000 cr additional outlay for PMAY-Urban

🕔17:19, 12.Nov 2020

New Delhi, Nov 12  The Centre will allocate Rs 18,000 crore more to the Pradhan Mantri Awas Yojana (PMAY) – Urban for building houses for middle income and economically weaker sections of the country. The amount of Rs 18,000 crore

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Govt infuses Rs 6K cr in NIIF debt platform to increase infra funding

Govt infuses Rs 6K cr in NIIF debt platform to increase infra funding

🕔17:17, 12.Nov 2020

New Delhi, Nov 12  As part of efforts to provide proper funding to infrastructure projects, the government on Thursday decided to infuse Rs 6,000 crore equity in NIIF debt platform. The NIIF Strategic Opportunities Fund has set up a Debt

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Centre eases circle rate differential for home sales till June 2021

Centre eases circle rate differential for home sales till June 2021

🕔16:03, 12.Nov 2020

New Delhi, Nov 12  In a bid to boost housing sales, Finance Minister Nirmala Sitharaman on Thursday announced an increase in the permitted differential between the circle rale and the agreement value of housing units to 20 per cent from

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FM cites PMI, FDI, stocks markets to show ‘strong recovery’

FM cites PMI, FDI, stocks markets to show ‘strong recovery’

🕔16:01, 12.Nov 2020

New Delhi, Nov 12  Finance Minister Nirmala Sitharaman on Thursday said the Indian economy was witnessing a strong recovery. Addressing the media here, Sitharaman cited several data, including the growth in Composite Purchase Managers Index (PMI), GST collections, FDI inflow

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Buzz around another stimulus package around Diwali

Buzz around another stimulus package around Diwali

🕔07:23, 12.Nov 2020

New Delhi, Nov 12  The government is reportedly planning another stimulus package for the economy which could be finalised as early as Thursday. There is talk of a $20 billion stimulus package in a series of packages that the government

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PM Modi to review state of the economy with FM on Tuesday evening

PM Modi to review state of the economy with FM on Tuesday evening

🕔14:44, 27.Oct 2020

New Delhi, Oct. 27 : Prime Minister Narendra Modi will review the state of the economy with finance minister Nirmala Sitharaman on Tuesday to identify possible policy action including need for another stimulus to push up economic activity in the

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Centre to seek Parliament’s nod for additional Rs 37k cr infra push

Centre to seek Parliament’s nod for additional Rs 37k cr infra push

🕔07:08, 26.Oct 2020

New Delhi, Oct 26  Centre will seek the Parliament’s approval for additional spending of Rs 37,000 crore on infrastructure development in the second batch of supplementary demands for grant. Finance Minister Nirmala Sitharaman had earlier in the month announced that

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Too Little Too Late: Stimulus likely to give marginal boost

Too Little Too Late: Stimulus likely to give marginal boost

🕔07:18, 14.Oct 2020

New Delhi, Oct 14 Modest funding of Centre’s latest demand boosting measures is likely to give a marginal boost to the economy, industry watchers contend. Accordingly, many have termed these measures as ‘too little too less’ to pull the economy

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Most of additional budget spending for people-centric schemes: FM

Most of additional budget spending for people-centric schemes: FM

🕔07:35, 19.Sep 2020

New Delhi, Sep 19  Finance Minister Nirmala Sitharman on Friday said that the majority of the additional resources in the first batch of the Supplementary Demands for Grants would be spent on people-centric schemes amid the coronavirus pandemic. In her

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Govt introduces Taxation and Other Laws Bill

Govt introduces Taxation and Other Laws Bill

🕔07:29, 19.Sep 2020

New Delhi, Sep 19  A taxation Bill which seeks relaxation and changes in provisions of certain Acts was introduced in the Lok Sabha on Friday amid uproarious scenes. Introduced by Finance Minister Nirmala Sitharaman, the Taxation and Other Laws (Relaxation

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