Nirmala Sitharaman | The Asian Age

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Finance Minister Nirmala Sitharaman faces pressure to roll back controversial tax measures introduced last month as foreign investors pull funds out of Indian markets and automakers and other manufacturers report falling sales and job cuts. (Photo: PTI)

India may exempt foreign portfolio investors from higher taxes: sources

Separately, media said government was considering reducing tax on long-term capital gains introduced three years ago.

08 Aug 2019 7:36 PM

Finance Minister Nirmala Sitharaman and ministry officials met captains of the industry on Thursday to deliberate upon the issues about the economy and sagging industrial growth. (Photo: File)

Govt assured of action soon to revive industry, push eco growth: India Inc

Piramal Enterprises's Ajay Piramal said that industry raised several matters such as reluctance of banks to lend to the industry.

08 Aug 2019 6:58 PM

Yes, we have asked for certain enablers for the auto industry and they have thought on it. I am very hopeful that there will be a stimulus package (for the auto industry) coming soon, said Society of Indian Automobile Manufacturers President Rajan Wadhera.

Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

07 Aug 2019 5:09 PM

In the meeting, MSMEs are learnt to have pitched for creation of special industrial clusters across India to produce import-substitution items.

Centre promises all help to MSMEs

Finance Minister Nirmala Sitharaman and MSME Minister Nitin Gadkari met representatives from various MSME sectors on Tuesday.

07 Aug 2019 2:10 AM

Finance Minister Nirmala Sitharaman talked about issues related to the increase in public shareholding in listed companies from 25 per cent to 30 per cent as well as levy of surcharge on super rich.

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

05 Aug 2019 8:27 PM

Congress leader Rahul Gandhi on Monday hit out at the Modi government, alleging that the Income Tax Department is 'running amok' in a bid to meet India's revenue shortfall. (Photo: File)

I-T dept ‘running amok’ to meet India's revenue shortfall: Rahul Gandhi

Gandhi also shared media reports alleging that 'tax terrorism' was hurting India's growth.

05 Aug 2019 9:29 AM

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Sitharaman to meet heads of public and private sector banks on Monday

In the last few months, there have been signs of revival in public sector banks.

03 Aug 2019 11:24 AM

V G Siddhartha's body was found on the banks of the Netravathi river in Karnataka on Wednesday. (Photo: File)

Business failures shouldn't be tabooed: Sitharaman on V G Siddhartha's death

Sitharaman said that businessmen should get honourable exit or resolution to the problem in letter and spirit of the IBC.

02 Aug 2019 9:14 AM

Sitharaman said proposed amendments also responds to issues pertaining to financial creditors in the wake of a recent ruling with respect to financial and operational creditors. (Photo: ANI)

Insolvency law amendments to ensure greater timeliness: Sitharaman

Among others, the approved resolution plan would be binding on central and state governments as well as various statutory authorities.

01 Aug 2019 1:36 PM

Finance Minister Sitharaman to meet CEOs of PSU banks on Friday

The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.

01 Aug 2019 10:18 AM

Cash conditions are in surplus of Rs 1 trillion and are likely to stay so ahead of the advance tax payments.

India 10-yr bond yield drops as FPIs shift from equities to debt

Investors have moved to debt; net inflows amounted to USD 1.3 billion as of July 1-29.

31 Jul 2019 1:40 PM

Bond yields dip on rate cut, foreign bond hopes

Sovereign bond rallied on Monday with the benchmark 10-year security dropping nine basis points to 6.43 per cent.

30 Jul 2019 1:21 AM

Finance Minister Nirmala Sitharaman presented Union Budget for Modi 2.0 government. (Photo: ANI | Twitter)

Vexed sovereign issues: What is the fuss about?

The Budget speech usually announces headline changes proposed for the year under consideration.

29 Jul 2019 12:00 AM

The state leaders will meet Finance Commission Chairman N K Singh, NITI Aayog Vice Chairman and Chief Executive Officer, Rajiv Kumar and Amitabh Kant, respectively to discuss the sustainable development of the Himalayan region. (Photo: ANI)

Nirmala Sitharaman, others arrive for 'Conclave of the Himalayan States' in Mussoorie

Uttarakhand CM Trivendra Rawat, Himachal Pradesh CM Jairam Thakur, Nagaland CM Neiphiu Rio will also attend.

28 Jul 2019 2:46 PM

Sitharaman said that details such as timing of the issue and the exact size had not been worked out.

Finance Minister Nirmala Sitharaman says no rethink on overseas sovereign bonds: report

I am not doing any review. I have not been asked by anybody to do a review, said FM Nirmala Sitharaman.

28 Jul 2019 2:20 PM

The meeting, chaired by Finance Minister Nirmala Sitharaman, was held via video conferencing. (Representational Image)

GST Council trims rate on electric vehicles, chargers to 5 per cent

The council also approved GST exemption for hiring of electric buses by local authorities.

27 Jul 2019 1:06 PM

Parliamentary Affairs Minister Pralhad Joshi urged the Speaker to take most exemplary action in the matter. (Photo: ANI)

Will take decision after consulting leaders: Om Birla on Azam Khan

Sitharaman said to politicise an issue related to women is 'outrageous' and the entire House has to stand together

26 Jul 2019 2:39 PM

Nirmala Sitharaman said, 'The remark (Azam Khan’s) is utterly condemnable. I thank every member who supported a woman.' (Photo: File)

Nirmala Sitharaman, Smriti Irani seek ‘exemplary action’ against Azam Khan

Irani said remarks of Khan in during debate of Triple Talaq Bill were a 'blot' on all legislators, including men.

26 Jul 2019 1:31 PM

Aggregate gross advances of PSBs increased from over Rs 18.19 lakh crore as on March 31, 2008 to more than Rs 52.15 lakh crore as on March 31, 2014.

PSBs' bad loans have declined by over Rs 89,000 crore till March: Govt

Over the last 4 financial years, PSBs were recapitalised to the extent of Rs 3.12 lakh cr, with an infusion of Rs 2.46 lakh cr by the govt.

26 Jul 2019 10:13 AM

Swadeshi Jagran Manch (SJM), the economic wing of the RSS, has opposed the idea of issuance of sovereign bonds overseas.

PMO asks FinMin to conduct detailed study on issuance of overseas sovereign bonds

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

26 Jul 2019 9:11 AM

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