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Tag "nirmala seetharaman"

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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Sitharaman tells central PSUs to scale up capex in FY21, FY22

Sitharaman tells central PSUs to scale up capex in FY21, FY22

🕔17:20, 19.Oct 2020

New Delhi, Oct 19  Stressing the need for capital expenditure (capex) by Central Public Sector Enterprises (CPSEs), Union Finance Minister Nirmala Sitharaman has said that they need to scale up their capex both in the current and the next financial

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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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Centre suspends fresh IBC proceedings till Dec

Centre suspends fresh IBC proceedings till Dec

🕔07:04, 25.Sep 2020

New Delhi, Sep 25  In a major relief for stressed companies amid the pandemic woes, the Centre on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December. In

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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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Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

🕔08:20, 8.Sep 2020

New Delhi, Sep 8  Banks have so far sanctioned loans amounting to Rs 1.61 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), the government said on Monday. “As of 03 Sept 2020, the total amount sanctioned

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Compensate kin of contract bank employees dying of Covid-19

Compensate kin of contract bank employees dying of Covid-19

🕔07:37, 20.Aug 2020

Chennai, Aug 20  The All India Bank Employees’ Association (AIBEA) on Wednesday urged Finance Minister Nirmala Sitharaman to provide compensation to the families of contract employees of banks who had died due to Covid-19 pandemic. In a letter to Sitharaman,

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Rs 6K cr grant released to help 14 states in Covid fight

Rs 6K cr grant released to help 14 states in Covid fight

🕔08:09, 12.Aug 2020

New Delhi, Aug 12  In an attempt to assist states effectively address the situation arising out of the Covid-19 pandemic, the Centre on Wednesday released the fifth instalment of their share of revenue deficit grant, amounting to over Rs 6,000

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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

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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

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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

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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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Debt ETF with G-sec announced in Budget for more liquidity

Debt ETF with G-sec announced in Budget for more liquidity

🕔13:40, 1.Feb 2020

New Delhi, Feb 1  The Budget 2020 has proposed a debt exchange-traded fund (ETF) consisting of government securities and also hiked investments in corporate bond limit by the FPIs from 9 per cent to 15 per cent to deepen 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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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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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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Fintech firms can use video-based KYC, DigiLocker: Panel

Fintech firms can use video-based KYC, DigiLocker: Panel

🕔07:02, 3.Sep 2019

New Delhi, Sep 3  The Steering Committee on Fintech Related Issues has recommended the usage of video-based KYC and the services of DigiLocker among other options for the KYC (Know Your Customer) registration process by fintech firms. In its report,

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