Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 03:05 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
FM holds interactive session on 'Budget and Beyond' with professionals
Feb 14, 2020, at 03:32 pm
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Friday held an interactive session on 'Budget and Beyond' with professionals from asset management, wealth advisory, tax consultancy and other related fields.
ICC delegation meets Union Fin Minister Nirmala SitharamanÂ
Feb 09, 2020, at 05:01 pm
Kolkata/UNI: The Indian Chamber of Commerce (ICC) delegation led by president Mayank Jalan had a post-budget discussion with Union Finance Minister Nirmala Sitharaman in the city on Sunday.
LIC's partial disinvestment will not lead to its privatisation: LIC Chairman
Feb 07, 2020, at 06:12 pm
Mumbai/IBNS: Disinvestment of a part of the government's share in Life Insurance Corporation(LIC) will not pose difficulties for the employees, according to Chairman of LIC MR Kumar, reported NDTV.
Govt will not set up a separate fund for Aspirational Districts: Sitharaman
Feb 07, 2020, at 04:52 pm
Mumbai/IBNS: Clarifying government's stand on funding the Aspirational Districts, Finance Minister Nirmala Sitharaman on Friday said the government will not create a separate fund like SC/ST fund for the Aspirational Districts but facilitate reaching of the existing schemes to these districts.
Government intends to simplify tax regime: Nirmala Sitharaman
Feb 07, 2020, at 04:23 pm
Mumbai/IBNS: Neary a week after presenting her second Union Budget, Finance Minister Nirmala Sitharaman on Friday said her government intends to simplify the tax regime of the country.
With allocations to UTs, Budget 2020 provides Rs 1,67,250 Cr to Home Ministry for next fiscal
Feb 01, 2020, at 11:44 pm
New Delhi/UNI: With an allocation of Rs 52,863.61 crore for eight Union Territories (UTs), the Union Home Ministry has been allocated with Rs 1,67,250 crore in Union Budget 2020-21, presented by the Finance Minister Nirmala Sitharaman on Saturday.
SAIL Chairman appreciates Union Budget
Feb 01, 2020, at 06:34 pm
New Delhi/IBNS: SAIL Chairman Anil Kumar Chaudhary appreciated the Union Budget and said it is promising and full of oppurtunities.
Union Budget: Increase in customs duty on footwear and furniture to promote domestic MSMEs
Feb 01, 2020, at 04:49 pm
New Delhi/IBNS: Keeping in view the need of MSME sector, Customs duty is being raised on items like footwear (from 25% to 35% on footwear and from 15% to 20% on parts of footwear) and furniture (from 20% to 25%).
Union Budget: Tourism sector proposed to get Rs 2,500 Crore in union budget 2020-21
Feb 01, 2020, at 04:23 pm
New Delhi/IBNS: To make India an attractive destination for both international and domestic tourists, Union Finance Minister Nirmala Sitharaman proposed to allocate Rs 2,500 crores in 2020-21 for the tourism sector.
Wanted to simplify income tax process: Nirmala Sitharaman
Feb 01, 2020, at 04:09 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday said her government proposed to provide the middle-class taxpayers an optional regime in order to ensure that the money is placed in the hands of people and simplify the income tax process.
Feb 01, 2020, at 03:55 pm
New Delhi/IBNS: In her Union Budget, Finance Minister Nirmala Sitharaman on Saturday proposed to sell a part of the government's holding in largest insurer Life Insurance Corporation of India.
Nirmala Sitharaman presents budget with big income tax cuts for middle class
Feb 01, 2020, at 03:51 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday presented a budget to boost the sagging economy offering middle class tax payers an optional regime that vastly reduces the rates while promising to infuse big money in the farm sector and infrastructure that included building of 100 new airports in the next few years. However, the stock market tanked as the FM continued her budget speech.
Union Budget: 100 more Airports to be developed by 2024 to support UDAAN Scheme
Feb 01, 2020, at 03:39 pm
New Delhi/IBNS: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament, on Saturday said that infrastructure was crucial to the theme of “Economic development” and hence the Budget which is dedicated to provide “Ease of Living” to all citizen. She said 100 more airports would be developed by 2024 to support Udaan scheme
Nirmala Sitharaman fails to deliver complete budget address, quits midway
Feb 01, 2020, at 02:25 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday quit her budget address midway after getting chocked in Lok Sabha on Saturday.
Sensex slides as FM Nirmala Sitharaman spells out Union Budget 2020
Feb 01, 2020, at 01:43 pm
Mumbai/IBNS: The Bombay Stock Exchange (BSE) Sensex is witnessing a steep fall as Union Finance Minister Nirmala Sitharaman is reading out the annual budget for 2020 in Parliament on Saturday.
New optional tax regime of India reduces income tax rates: Nirmala Sitharaman
Feb 01, 2020, at 01:22 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman announced a new tax regime for Indians where a person earning upto Rs 5 lakh will not pay any tax while the rates were slashed between five to ten percent for other income categories from above INR 5 lakh to INR 15 lakh. Those opting for this scheme will however, not enjoy the previous exemptions.
India to build 100 new airports by 2024: Finance Minister
Feb 01, 2020, at 12:51 pm
New Delhi/IBNS: India will set up 100 more airports to be developed by 2024, Union Finance Minister Nirmala Sitharaman announced in her budget speech on Saturday.
FM Nirmala Sitharaman to present Union Budget today
Feb 01, 2020, at 08:10 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman will present the Union Budget on Saturday.
Insolvency and Bankruptcy Code improved resolution processes in India: Economic Survey
Feb 01, 2020, at 12:17 am
New Delhi/IBNS: The Economic Survey 2019-20 highlighted that the Insolvency and Bankruptcy Code (IBC) has improved resolution processes in India compared to the earlier measures.
Subdued manufacturing activities lowered IIP, says Economic Survey 2019-20
Jan 31, 2020, at 11:04 pm
New Delhi/IBNS: The moderation in the Index of Industrial Production (IIP) to 3.8 per cent in 2018-19 compared to 4.4 per cent in 2017-18 has been due to subdued manufacturing activities caused by slower credit flow to Medium and Small industries, reduced lending by NBFCs owing to liquidity crunch, tapering of domestic demand for key sectors such as automotive sector, pharmaceuticals, and machinery and equipment, volatility in international crude oil prices, prevailing trade-related uncertainties, noted the Economic Survey 2019-20.
Jan 31, 2020, at 09:57 pm
New Delhi/IBNS: The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate wealth, on the one hand, and weaning away from “pro-crony” policy that may favour specific private interests, especially powerful incumbents, on the other hand.
Sitharaman tables Economic Survey in Parliament, growth predicted at 6-6.5% in next fiscal year
Jan 31, 2020, at 01:24 pm
New Delhi/IBNS: The growth in the next fiscal year beginning on Apr 1 is predicted at 6 per cent to 6.5% as Union Finance Minister Nirmala Sitharaman tabled the Economic Survey on the first day of budget session in Parliament on Friday.
Hectic trading to be seen on Budget day, exchanges to remain open on Saturday
Jan 28, 2020, at 10:43 am
New Delhi/UNI: Stock markets will be open on Saturday like any other weekday and frenzied buying or selling could be seen as Finance Minister Nirmala Sitharaman reads out Budget announcements.
Union Budget: Finance Ministry hosts halwa ceremony
Jan 20, 2020, at 05:20 pm
New Delhi/UNI: With 11 days to go for the presentation of Union Budget 2020-21 in Parliament, the customary `Halwa' ceremony was held at the North Block headquarters of the Union Finance Ministry here on Monday.
FM Nirmala Sitharaman unveils Rs 102 lakh crore infra plan to achieve USD 5 trillion target by 2025
Dec 31, 2019, at 03:54 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Tuesday revealed the government's infrastructure investment plan and said the task forces have identified projects related to Rs 102 lakh crore.
Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of State or UTs
Dec 18, 2019, at 05:11 pm
New Delhi/IBNS: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman held the Pre-Budget consultations with Finance Ministers of States and UTs (with legislature) here today.
Finance Ministry updates major steps taken to boost economy in the last few months
Dec 13, 2019, at 06:47 pm
New Delhi/IBNS: The government today highlighted a slew of economic measures taken in the last few months on consumption and investment fronts and added that patterns have already started to emerge resulting from these steps, though Finance Minister Nirmala Sitharaman avoided stating the extent of the impact.
Govt working on income tax rate cuts among other measures to put economy on track: Sitharaman
Dec 07, 2019, at 06:41 pm
New Delhi/IBNS: The government is set to introduce more measures, including rationalisation of personal income tax to revive the economy, Finance Minister Nirmala Sitharaman said on Saturday, media reported
Union Cabinet approves Bharat Bond, country's first bond exchange-traded fund
Dec 04, 2019, at 03:40 pm
New Delhi/IBNS: The Union Cabinet on Wednesday approved the first exchange-traded fund bond, called Bharat Bond, aimed at strengthening country's bond market and encouraging retail participation, the Finance Minister said on Wednesday.