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Will Make Blueprint For Companies Looking Beyond China: Finance Minister

Monday, October 21, 2019, 7:53 AM

Will Make Blueprint For Companies Looking Beyond China: Finance Minister

FM Nirmala-Sitharaman has said she will prepare a blueprint for international-companies that are looking beyond China to make India as their preferred investment-destination. She said industry-leaders who are contemplating getting their businesses-out of China are "definitely considering India as the pitch". Therefore, she said, it might be important for the government to now see and meet-up with a lot-of-industry-leaders and invite them to India.

News

 
FM Nirmala Sitharaman to meet CEOs of PSU banks on Monday

Sunday, October 13, 2019, 8:32 PM

FM Nirmala Sitharaman to meet CEOs of PSU banks on Monday

Continuing efforts to increase credit disbursement, Finance-Minister Nirmala Sitharaman will meet the heads of PSBs on Monday to take stock of recent steps taken by the government, including the first phase of the 'outreach programme' across over 200 districts during the festive-season, a senior government official told Mint. "The progress related to announcements made last month could be discussed," the official cited above added.

News

 
To boost economy, Sitharaman asks CPSEs to front load FY20 capex

Saturday, September 28, 2019, 3:24 PM

To boost economy, Sitharaman asks CPSEs to front load FY20 capex

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.

News

 
Finance Minister reaches out to exporters with fresh stimulus

Sunday, September 15, 2019, 12:15 PM

Finance Minister reaches out to exporters with fresh stimulus

Stressing that Government is focused on exports-promotion and is aware of the hiccups being faced by the exporting fraternity, Union-Finance-Minister Nirmala Sitharaman announced a slew of measures to revive business-sentiments among country's exporting fraternity. "The Government is to extend the scheme of reimbursement of taxes and duties for export-promotion and it will also offer higher-insurance cover to banks lending working-capital for exports," said Sitharaman.

News

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

Wednesday, September 11, 2019, 7:58 AM

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

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.

News

 
SC should allow re-verification for a fair NRC: Himanta Sarma

Saturday, August 31, 2019, 5:09 PM

SC should allow re-verification for a fair NRC: Himanta Sarma

Assam Finance Minister Himanta Biswa Sarma Saturday said the final version of the NRC did not contain names of many person coming to India from Bangladesh before 1971, the cut off period for updation. In a series of Tweets, the senior leader of the ruling BJP also alleged that the legacy data were manipulated for including names of doubtful persons as alleged by many.

News

 
FM unveils big reforms to usher in professionalism in PSU banks

Friday, August 30, 2019, 7:54 PM

FM unveils big reforms to usher in professionalism in PSU banks

Finance Minister Nirmala Sitharaman unveiled a set of bold reforms with the stated objective of enhancing credit growth in order to put India on the path to becoming a $5-trillion-economy and at the same time sought to ring-fence the credit system to avoid a repeat a Nirav Modi type loan fraud. The FM also announced that all PSU banks will now have non-executive chairman.

News

 
PM Modi to take call on economic revival steps

Thursday, August 15, 2019, 8:24 AM

PM Modi to take call on economic revival steps

A stimulus programme to revive growth could be in the works with the finance ministry set to brief PM Modi about the economic situation, the issues faced by various sectors and also suggest possible-intervention as concerns mount. The meeting could result in a significant stimulus package that includes incentives to boost demand, some industry-specific measures and possible relief for portfolio-investors from the super-rich surcharge.

News

 
BJP Leader Arun Jaitley, Admitted to AIIMS, Continues to Be Stable

Sunday, August 11, 2019, 9:06 PM

BJP Leader Arun Jaitley, Admitted to AIIMS, Continues to Be Stable

Former finance-minister Arun Jaitley, who has been admitted to the AIIMS, continues to be stable, sources at the hospital said on Sunday. On Saturday, after Vice President Venkaiah Naidu visited the hospital to inquire about Jaitley's health, his office said that the former minister is responding to treatment. The hospital did not issue any fresh bulletin on Jaitley's health either on Saturday or Sunday.

News

 
Naidu Visits Jaitley at AIIMS, Says Jaitley Responding to Treatment

Saturday, August 10, 2019, 9:06 AM

Naidu Visits Jaitley at AIIMS, Says Jaitley Responding to Treatment

Senior BJP-leader and former-finance-minister Arun Jaitley was admitted to the AIIMS after he complained of palpitations and restlessness and is "haemodynamically stable". "Arun Jaitley was admitted to AIIMS today morning. He is currently undergoing treatment in the Intensive Care Unit under the supervision of a multidisciplinary team of doctors. At present, he is haemodynamically stable," said the hospital in a statement on Friday night.

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