Back to homepage

Tag "finance minister"

Despite popular perception, only 0.25% tax filers scrutinised: FM

Despite popular perception, only 0.25% tax filers scrutinised: FM

🕔07:49, 8.Aug 2020

New Delhi, Aug 8  Finance Minister Nirmala Sitharaman on Friday said that scrutiny of tax return filers has declined since 2014, and only 0.25 per cent of the total number of filers were scrutinised in 2018-19. In her address at

Read Full Article
I-T dept responsive to the needs of taxpayers during pandemic : Sitharaman

I-T dept responsive to the needs of taxpayers during pandemic : Sitharaman

🕔07:49, 25.Jul 2020

New Delhi, July 25 Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements and addressing the

Read Full Article
Decriminalisation of cheque bounce to hurt traders: CAIT

Decriminalisation of cheque bounce to hurt traders: CAIT

🕔18:15, 20.Jul 2020

New Delhi, July 20  Raising concern over the proposed decriminalisation of bouncing of cheques, the Confederation of All India Traders (CAIT) has advised Finance Minister Nirmala Sitharaman against it. In a letter to the Finance Minister, the CAIT urged the

Read Full Article
AIIEA against halting merger of 3 non-life insurers

AIIEA against halting merger of 3 non-life insurers

🕔07:18, 13.Jul 2020

Chennai, July 13  The All India Employees’ Association (AIIEA), one of the major unions in the non-life insurance sector, has urged Finance Minister Nirmala Sitharaman that the merger process of three public sector general insurance companies (PSGICs) be continued. In

Read Full Article
Govt to levy interest on late payment to MSMEs for GeM purchase

Govt to levy interest on late payment to MSMEs for GeM purchase

🕔06:39, 4.Jul 2020

New Delhi, July 4  Government departments and agencies will have to pay interest on late payment to vendors, largely MSMEs, for products procured through the Government e-Martketplace (GeM), starting October 1. Through an office memorandum, the Department of Expenditure of

Read Full Article
FM stresses on role of tax admin for ‘Aatma Nirbhar Bharat’

FM stresses on role of tax admin for ‘Aatma Nirbhar Bharat’

🕔07:36, 2.Jul 2020

New Delhi, July 2  Finance Minister Nirmala Sitharaman on Wednesday said that the GST administration will have a major role to play in the objective of ‘Aatma Nirbhar Bharat’ or self-reliant India and it must foresee the challenges faced by

Read Full Article
Raise outstanding loan limit for ECLGS benefit, AEPC to FM

Raise outstanding loan limit for ECLGS benefit, AEPC to FM

🕔07:44, 1.Jul 2020

New Delhi, July 01  The Apparel Export Promotion Council (AEPC) on Tuesday suggested that the Centre should raise the limit of all outstanding loans of MSMEs to Rs 100 crore instead of the current Rs 25 crore for being eligible

Read Full Article
FM meets private banks, NBFCs to ensure liquidity to MSMEs

FM meets private banks, NBFCs to ensure liquidity to MSMEs

🕔18:42, 15.Jun 2020

New Delhi, June 15  The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As part of this, Finance Minister Nirmala Sitharaman on

Read Full Article
FM chairs meet to review financial stability measures amid Covid

FM chairs meet to review financial stability measures amid Covid

🕔17:54, 28.May 2020

New Delhi, May 28  Finance Minister Nirmala Sitharaman on Thursday chaired a meeting of the Financial Stability and Development Council (FSDC) through video conference to review the measures to maintain financial stability amid the coronavirus pandemic. In a tweet, the

Read Full Article
FM: Loan sanctions jump to Rs 6.45 lakh cr in over 2 months

FM: Loan sanctions jump to Rs 6.45 lakh cr in over 2 months

🕔17:33, 19.May 2020

New Delhi, May 19  Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 6.45 lakh crore in two and a half months, between March 1 and May 15, to over 54.96 lakh accounts. This is

Read Full Article
FM: Loan sanctions jump to Rs 5.95 cr in just over 2 months

FM: Loan sanctions jump to Rs 5.95 cr in just over 2 months

🕔18:16, 12.May 2020

New Delhi, May 12  Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 5.95 crore in just over two months, between March 1 and May 8, to over 46.74 lakh accounts. The borrowers for the

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article
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

Read Full Article