Nirmala Sitharaman

Finance minister asks ministries to accelerate capex, clear dues to MSMEs, PSUs

Besides secretaries of key departments, the meeting was attended by CMDs/CEOs of CPSEs under the ministry of road transport and highways, telecommunications and atomic energy.

She also asked the ministries to clear their dues to MSMEs and the PSUs under them at the earliest. The ministries were also told to explore Public Private Partnership (PPP) mode for viable projects.

Review meet: Finance minister asks ministries, CPSEs to front-load capex to stimulate growth

This was the fourth such review meeting held by the finance minister with various ministries and departments and second in a series of meetings scheduled for the infrastructure road map after the presentation of the Budget fo

During the meeting, capital expenditure plans of various ministries and related CPSEs, status of implementation of budget announcements and measures to expedite infrastructure investment were discussed, according to a statement by the finance ministry.

FM Nirmala Sitharaman asks ministries to front-load their capital expenditure

The Union Budget 2021-22 provided a capital outlay of Rs.5.54 lakh crore, a sharp increase of 34.5 per cent over the Budget Estimate of 2020-21.

Nirmala Sitharaman, Finance Ministry, Union Budet, capital expenditure, modi govt, Indian economy

Covid will not affect reform roadmap: Finance Minister Nirmala Sitharaman

The way we have planned for disinvestment, setting up the DFI (Development Finance Institution), looking at asset-reconstruction companies, everything is on course

India SME Forum writes to GST Council seeking concessions for the MSME sector

In the letter to Union finance minister Nirmala Sitharaman, India SME Forum suggested allowing of Input Tax Credit to be converted into tradable instruments to unlock capital; and refund of inverted duty structure to be exten

Nirmala Sitharaman, India SME Forum, GST Council, MSME, input Tax Credit, Goods and Services Tax, Covid19 pandemic, Covid19, pandemic, Sushma Morthania, Director General, India SME Forum, Sushma Morthania Director General, Sushma Morthania India SME Forum, CGST Act

SWAMIH Fund for stalled housing projects to benefit 1.16 lakh home buyers: FM Sitharaman

Many real estate projects across the country were stalled due to fund crunch. To address this issue, the government, in November 2019, announced a Rs 25,000 crore-SWAMIH fund to help complete over 1,500 stalled housing projec

Finance Minister Nirmala Sitharaman

Small finance banks better placed to evaluate credit profiles of MFIs: CRAs

Microlenders have said the RBI's initiative should lead to tangible liquidity flow to the microfinance sector.

However, the purpose of borrowing by individuals and small businesses needed to be seen as to whether it was for credit for growth purpose or for repaying of loans, CARE Ratings said.

Help nations to prevent health crisis from becoming economic crisis: FM Sitharaman to ADB

Addressing the 54th annual meeting of the board of governors of the ADB, Finance Minister Nirmala Sitharaman also underlined the need for a "coordinated and inclusive" global strategy to avoid the long-term debilitating impac

Finance Minister Nirmala Sitharaman

Finance Ministry relaxes spending norms to boost capital expenditure

Finance Minister Nirmala Sitharaman in the Budget 2021-22 had announced a sharp increase in capital expenditure and provided Rs 5.54 lakh crore, which is 34.5 per cent more than the Budget Estimate (BE) of 2020-21.

Finance Ministry relaxes spending norms to boost capital expenditure

FM asks IRDAI to act against insurers for denying cashless COVID-related claims by insurance companies

Finance Minister Nirmala Sitharaman also mentioned that more than 9 lakh COVID-related claims for Rs 8,642 crore have been settled by insurance companies.

In these uncertain times, Thakur said the challenge is not only to accelerate economic growth but also to ensure that the steps towards recovery do not irreversibly alter market dynamics.

Attention online shoppers! Modi govt likely to come up with definition of essential supplies by e-tailers

While many states have announced strict curbs due to Covid surge, there is little clarity over ‘essential deliveries.’

Lockdown, corona lockdown, India, India corona, Nirmala Sitharaman, online shopping, essential supplies

Key Budget proposals effective from new fiscal 2021-22: Income tax rules, dividend relief, privatisation, more

The new financial year has started From April 1, 2021, and with it, rules and announcements made by Finance Minister Nirmala Sitaraman in the Union Budget 2021-22 have come into effect.

Union Budget 2021-22

Govt rolls back small savings schemes rate cut

Similarly, depositors get 7.4% under the senior citizen savings scheme, 143 basis-point higher than the five-year G-sec yield on Wednesday.

Elevated costs of small savings funds not just dent the exchequer but also force banks to refrain from trimming their deposit rates beyond a point.

No Income Tax on salary income of Non-Residents Indians in Gulf countries! Sitharaman says it is exempt

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.

Finance Minister Nirmala Sitharaman.

Ready to discuss bringing petrol, diesel under GST at next Council meet: FM Sitharaman 

State levies and central excise duty account for more than half of the retail selling prices of petrol and diesel.

Union Finance Minister Nirmala Sitharaman will chair the 43rd meeting of the GST Council on May 28, her office tweeted.

होली मनाने के लिए केंद्र सरकार दे रही है 10 हजार रु एडवांस, कौन और कैसे ले सकेगा लाभ

Special Festival Advance Scheme News in Hindi: स्पेशल फेस्टिवल एडवांस स्कीम के तहत केंद्र सरकार के कर्मचारी 10 हजार

Special Festive Advance Scheme

Plan In Motion: Cabinet clears development finance institution to raise Rs 3 lakh crore for infrastructure spend

The government expects the DFI to raise as much as Rs 3 lakh crore over the next few years, leveraging the proposed initial capital of Rs 20,000 crore, finance minister Nirmala Sitharaman said after the Cabinet meeting.

The government expects the DFI to raise as much as Rs 3 lakh crore over the next few years, leveraging the proposed initial capital of Rs 20,000 crore, finance minister Nirmala Sitharaman said after the Cabinet meeting.

सरकारी बेंकों ने निजीकरण में कर्मचारियों के हितों की होगी रक्षा, सरकार इसके लिए प्रतिबद्ध: निर्मला सीतारमण

वित्त मंत्री निर्मला सीतारमण ने कहा कि सार्वजनिक क्षेत्र के जिन बैंकों के निजीकरण की

finance minister nirmala sitharaman says bank employees interest will be protected after privatisation

Finance Minister Nirmala Sitharaman introduces Bill to facilitate hike in insurance FDI

Separately, responding to a question in the Lok Sabha, the minister said the government has no plan yet to launch diaspora bonds, scotching speculations in some quarters that such securities could be introduced as a special w

The Insurance Amendment Bill, 2021, was cleared by the Cabinet last week and is in sync with a proposal in the Budget for FY22.

Insurance Cover: Bank depositors to get access to funds in 90 days

The Budget announcement had come after Punjab and Maharashtra Co-operative Bank faced a grave fraud, with customers demanding their entire money back. Subsequently, Yes Bank, too, faced a crisis and restrictions were imposed

The Report of the Committee on Customer Service in Banks of the RBI had in 2011 suggested that the cover be raised dramatically to at least Rs 5,00,000 to draw more people to the banking fold.

Hit to exports: Exporters fear low RoDTEP refunds

The Pillai committee was set up only in late July last year to undertake a humongous exercise of recommending RoDTEP rates for thousands of products.

The government has budgeted only Rs 13,000 crore for the RoDTEP scheme for FY22, which is way below the scheme's initial estimated annual cost of Rs 50,000 crore.

Bank branches closed for next 4 days; SBI, other PSU banks may get hit as unions strike on March 15-16

Bank branches may remain closed for the next four days, including a two-day weekend holiday, and a two-day planned strike beginning Monday.

SBI, PSU banks, bank strike, privatisation, canara bank

CPSE assets sale to bring about paradigm shift in infrastructure: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman in her 2021-22 Budget speech had said monetising operating public infrastructure assets is a very important financing option for new infrastructure construction.

CPSE assets sale to bring about paradigm shift in infrastructure: Finance Minister Nirmala Sitharaman

Fiscal steps taken by govt led to positive growth in Q3: Finance Minister Nirmala Sitharaman

Strategic disinvestment of Government of India's equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion of technology and better management practices, Finance Minister Nirmala Sithara

Fiscal steps taken by govt led to positive growth in Q3: Finance Minister Nirmala Sitharaman
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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