Tag Archives: Nirmala Sitharaman

FM takes stock of economic situation at FSDC meet

New Delhi,  Finance Minister Nirmala Sitharaman on Thursday reviewed the current state of the economy at the meeting of the Financial Stability and Development Council (FSDC). FSDC is a body of financial regulators. There was no statement from the government …

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FinMin asks CPSEs to clear all dues by Oct 15

New Delhi,  Asserting that all payment delays to the vendors to be ironed out at the earliest, Finance Minister Nirmala Sitharaman on Saturday directed the CPSEs to clear all outstanding payments by October 15 to kick off investment cycle in …

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Capex on track, Ministries told to clear pending dues

New Delhi, Finance Minister Nirmala Sitharaman on Friday said the government’s capital expenditure was on track and asked the ministries and the PSUs to clear all non-litigation dues at the earliest to keep the investment and consumption cycles active while …

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Corp tax cut credit positive, raises fiscal risks: Moody’s

Mumbai,  Corporate tax reduction is credit positive for companies but increases the government’s fiscal risks, global rating agency Moody’s said on Saturday. On September 20, Finance minister Nirmala Sitharaman announced a reduction in the base corporate tax rate to 22% …

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Corporate tax reliefs to spur growth, create jobs: India Inc

Bengaluru, The series of tax reliefs Union Finance Minister Nirmala Sitharaman announced in New Delhi on Friday would revive the economy, boost investment, spur growth and create jobs, said India Inc honchos across the sectors. “The corporate tax relief measures …

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No stressed MSME to be declared NPA till March 2020: FM

New Delhi,  In a major relief for micro, small and medium enterprises (MSME), Finance Minister Nirmala Sitharaman on Thursday announced that stressed MSMEs would not be declared non-performing assets (NPA) till March 31, 2020. The minister also said that banks …

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FM to review PSU banks’ merger preparedness

New Delhi , Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020. “Tomorrow’s PSB meeting will take …

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Govt sets up Rs 10,000 cr fund for housing projects

New Delhi,  With a focus on completing construction of unfinished units, the government on Saturday opened a special window of Rs 10,000 crore fund to provide last mile funding for housing projects which are non-NPA and non-NCLT and are net …

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Sitharaman urges Congress to internally discuss security

Chennai,  Finance Minister Nirmala Sitharaman on Tuesday urged the Congress party to have an internal discussion on national security and voice its views. To a query on the statements issued by Congress leaders like Rahul Gandhi being quoted by Pakistan …

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Social sector spending not to be hit: Sitharaman

Kolkata, Finance Minister Nirmala Sitharaman on Friday categorically said budgetary commitments for social sector spending would not be affected in case of tax shortfall while reiterating that the government was interacting with each sector facing challenges in the present economic …

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