New Delhi: Finance Minister Nirmala Sitharaman on Friday said that bulk of the additional spending sought in the first batch of the supplementary demands for grants would be spend on people-centric schemes to help them amid the coronavirus pandemic. The minister also said that probably for the first time the government has sought such a … Read more
(This story originally appeared in on Sep 04, 2020) MUMBAI: The government has asked banks to obtain board approval for restructuring of corporate loans by September 15 after the K V Kamath-led committee submits its report in the first week. This was communicated to bank chiefs in their review meeting with finance minister Nirmala Sitharaman. … Read more
Such a thing has not happened in recorded history. How did that happen? Everyone is supposed to blame it on this collective fever called Covid-19. But what everyone suffered was not what god intended, as the finance minister stated, but what her government inflicted — officially called ‘lockdown’. Source link
NEW DELHI: Union government on Thursday suggested states borrow up to Rs 2.35 lakh crore ($31.8 billion) from the market to meet a tax shortfall, a top finance ministry official said. The federal government could also support the states to raise up to Rs 97,000 crore in loans from the central bank at a lower … Read more
New Delhi: The government is considering a proposal to permit foreign direct investment (FDI) in limited liability partnership (LLP) firms engaged in construction development with a view to attracting overseas fund inflows, sources said. At present, FDI is permitted under the automatic route in LLPs that are operating in sectors where 100 per cent foreign … Read more
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the CAG report on defence offset performance will be tabled in the forthcoming session of Parliament. The report of the Comptroller and Auditor General of India (CAG) on offset performance was scheduled to be tabled in the last session of Parliament but could not be done … Read more
The special liquidity scheme is open for three months for making subscriptions by the Trust. The finance ministry on Saturday said 24 proposals worth Rs 8,594 crore of stressed NBFCs and HFCs have been sanctioned under the special liquidity scheme announced as part of the Rs 20.97 lakh crore ‘Aatmanirbhar Bharat’ package. The scheme, which … Read more
NEW DELLHI: Finance Minister Nirmala Sitharaman on Monday held a virtual bilateral meeting with United Arab Emirates (UAE) Minister of State for Financial Affairs Obaid Al Tayer and urged the Middle Eastern nation to participate in India’s ambitious Rs 111 lakh crore National Infrastructure Pipeline. About 7,000 projects have been identified under the National Infrastructure … Read more
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday inaugurated the National Infrastructure Pipeline (NIP) online dashboard to be hosted on the India Investment Grid (IIG), which is an interactive and dynamic online platform that showcases updated and real-time investment opportunities in the country. The platform is envisaged as a one stop solution for all stakeholders … Read more
NEW DELHI: As much as Rs 30,000 crore has been withdrawn in under four months starting April by 8 million subscribers of the Employee Provident Fund Organisation. EPFO manages a corpus of Rs 10 lakh crore built on mandatory contributions from nearly 60 million salaried people and their employers. The huge outgo is likely to … Read more