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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

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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

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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

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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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