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
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
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
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
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
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
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
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
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
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
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
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
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
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,
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
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’
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
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
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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