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.
Saturday, July 6, 2019, 9:05 AM
Finance Minister Nirmala Sitharamanoutlined a host of measures to boost infrastructure, digital economy and jobs creation to achieve USD 5 trillion economy target and said a massive push to all forms of physical connectivity is helping bridge the rural-urban divide. The Jal Marg Vikas project for capacity augmentation of navigation on national waterways is aimed at smoothening internal trade carried through inland water transport.
Friday, July 5, 2019, 9:29 PM
Taking a jibe at Union FM Nirmala Sitharaman for carrying the Budget-papers in a four-fold red cloth bag instead of the 'colonial' briefcase, senior Congress-leader P Chidambaram said a minister from his party in the future would bring along the documents in an iPad. "Take it from me, our Congress's finance-minister in the future will bring an iPad," news-agency ANI quoted him as saying.
Friday, July 5, 2019, 9:09 PM
Finance Minister Nirmala Sitharaman on Friday raised cess on petrol and diesel by Re 1 per litre, while customs duty on gold was also increased to 12.5% from existing 10%. Presenting the first Budget of the Modi government in its second term, Sitharaman said surcharges on individuals having taxable income of Rs 2-crore to Rs 5-crore; and Rs 5-crore and more have been raised.
Friday, July 5, 2019, 9:05 AM
The Economic-Survey has strongly advocated removing wage disparity in the country to spur demand and proposed the creation of a national minimum-wage that's linked to geographic-region or skill and revised regularly. "The central-government should notify a 'national-floor minimum wage' that can vary-broadly across five geographical-regions," the survey said. "Thereafter, states can fix the minimum wages, which shall not be less than the 'floor wage'."
Thursday, July 4, 2019, 9:35 PM
The government's Economic Survey for 2018-19 is "bland" and "pessimistic", said Congress leader and former finance minister P Chidambaram on Thursday. Chidambaram, who had four stints as finance minister, said the survey didn't have sector-wise growth projections. "It appears to me that the government, speaking through the economic survey, is pessimistic about the economy."
Thursday, June 27, 2019, 5:48 PM
Finance Minister Nirmala Sitharaman met former prime minister Manmohan Singh at his home in Delhi today. The meeting comes days before Ms Sitharaman presents the union budget in parliament on July 5. It will be her first budget after taking charge as Finance Minister last month following a landslide win in the national election for Prime Minister Narendra Modi.
Wednesday, May 29, 2019, 8:33 PM
Just before PM Modi's oath-taking ceremony tomorrow, outgoing FM Arun Jaitley has decided not to take-up any active responsibility in the new government due to his poor health. In a letter to the PM, Jaitley said he had orally informed Modi about his desire to not be a part of new BJP-government so that it enabled him to concentrate on his treatment and health.
Tuesday, May 28, 2019, 7:16 AM
Government officials and friends of Arun Jaitley, 66, took to social-media on the weekend to deny media-reports that he was unwell. Reserve Bank of India Governor Shaktikanta Das tweeted a photo with the finance minister after a "courtesy meeting," while lawmaker Swapan Dasgupta vouched for his "terrific form and wit." Government-spokesman Sitanshu Kar said that reports of Mr Jaitley's health were "false and baseless."
Friday, May 24, 2019, 4:09 PM
Finance Minister Arun Jaitley is unlikely to continue in his current role due to poor health as PM Narendra Modi begins his second term, according to the source. The sources said that Mr Jaitley, is unlikely to take up any offer to continue in the top job steering Asia's third-largest economy as his health has deteriorated over the past few months.
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