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A dip in GDP is part of growth process: Finance Minister Nirmala Sitharaman

Wednesday, September 11, 2019, 7:58 AM

Finance Minister Nirmala Sitharaman shrugged off questions on the GDP growth declining to 5% in the first quarter, saying the ups and down are part of the growth process and the government is responding to the current economic challenges to revive demand and consumption in the country. The Finance Minister also said the government will respond soon to the demands of home buyers.
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It's not the govt's intent to hit FPIs: Nirmala Sitharaman

Monday, July 29, 2019, 8:45 PM

Finance minister Nirmala Sitharaman said the surcharge levied on high income earners in the budget had not been intended to hurt foreign portfolio investors (FPI) structured as trusts. Sitharaman also told ET in an interview that the government was keeping a close watch on the economy and struggling sectors such as automobiles as she pitched for a "significant" reduction in interest rates.
 
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Govt plans to issue overseas bonds in second half of current fiscal: Garg

Sunday, July 7, 2019, 6:20 PM

The government will soon start the process of raising funds from overseas markets by issuing sovereign bonds in the second half of the fiscal, Finance Secretary Subhash Chandra Garg said. Finance Minister Nirmala Sitharaman in Budget 2019-20 announced that the government would start raising a part of its gross borrowing programme from external markets in foreign currencies.