To boost economy, Sitharaman asks CPSEs to front load FY20 capex
Saturday, September 28, 2019, 3:24 PM
Finance minister Nirmala Sitharaman on Saturday asked 32 large central public sector enterprises (CPSEs) to frontload their capital expenditure and clear all dues of all goods and service providers by 15 October. CPSEs have also been asked to build a portal by 15 October where delay in payments can be monitored on a regular basis, Sitharaman said after reviewing the capex plan of CPSEs.
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.
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.