Nirmala Sitharaman | The Asian Age

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The Modi government has also tied military modernisation to its Make-in-India drive to build a domestic industry which has been slow in taking off. (Photo: PTI)

Modest rise in Indian military spending likely, modernisation on hold

Government allocated 4.31 trillion rupees (USD 62.27 billion) for defence, a 6.6 per cent rise over the previous year.

04 Jul 2019 10:03 AM

In recent years, India has managed to rein in the budget deficit, mostly through higher fuel taxes and subsidy cuts. (Photo: Twitter/ ANI)

Going for growth, government set to borrow more: Economists

Govt will revise its fiscal deficit target up to 3.5 per cent of GDP for the current fiscal year and 3.3 per cent for 2020-21.

03 Jul 2019 1:53 PM

India still continues to be the fastest growing economy, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday. (Photo: File)

‘Economic growth high on agenda of govt,’ says Nirmala Sitharaman

Finance Minister Sitharaman said in the last quarter, there could have been a fall and steps have been taken to improve the economy.

03 Jul 2019 8:55 AM

Union finance minister Nirmala Sitharaman

Army backs taxing disability pension

The finance ministry circular had evoked a sharp reaction from the military veterans.

03 Jul 2019 2:03 AM

Challenges for Sitharaman

Economic growth is a challenge for Mr Modi and he had sought re-election so that he could implement the promises made in the first term.

03 Jul 2019 1:02 AM

The demonetisation decision in the first term of the Modi government in 2016 had created a huge controversy. (Photo: Twitter/ ANI)

No study on effect of note-ban: FM Nirmala Sitharaman

This was disclosed by Finance Minister Nirmala Sitharaman in reply to a question by Congress member Digvijaya Singh in the Rajya Sabha.

02 Jul 2019 7:53 PM

Minister of State for Finance Anurag Thakur, Finance Secretary S C Garg and Department of Financial Services Secretary Rajiv Kumar will also be present in the meeting at RBI's office in the national capital. (Photo: ANI)

Finance Minister Sitharaman to address RBI central board on July 8

Issues related to the overall economy and fiscal policy decisions taken by the government will be taken up during the meeting.

02 Jul 2019 6:29 PM

Replying to a question in Lok Sabha, Finance Minister Nirmala Sitharaman said RBI was closely monitoring the liquidity position of NBFCs and will continue to monitor the activity and performance of the sector. (Photo: ANI | File)

Govt considering giving more powers to RBI to regulate NBFCs: Sitharaman

As on June 23, 2019, 9,643 NBFCs were registered with RBI.

01 Jul 2019 5:06 PM

Jaitley, who had been instrumental in introducing the "One Nation One Tax" as the finance minister chose to opt out from the second government on health grounds. (Photo: File)

Chappal and Mercedes can’t be taxed at same rate: Jaitley on GST

In the review, Jaitely presented numbers to show the benefit rendered through 'One Nation One Tax' system.

01 Jul 2019 3:48 PM

GST transformed India into 'One Nation, One Tax' and binds the country into an economic union, said official notification.

Government to celebrate 2nd anniversary of GST on July 1

GST, which subsumed 17 local levies, was rolled out on the intervening night of June 30 and July 1, 2017.

28 Jun 2019 4:10 PM

Delhi Chief Minister Arvind Kejriwal and Union Finance Minister Nirmala Sitharaman. (Photo: ANI)

Kejriwal meets Sitharaman, urges to clear Rs 3,000 cr pending IGST dues of Delhi

Both Sisodia and Kejriwal urged her to provide funds for the Municipal Corporations to improve their financial conditions.

28 Jun 2019 9:35 AM

Union Finance Minister Nirmala Sitharaman on Thursday met former Prime Minister Manmohan Singh at his residence. (Photo: Twitter/ ANI)

For first time, FM Sitharaman meets Manmohan Singh at his residence in Delhi

As per sources, Sitharaman's visit was a courtesy call. This is her first meeting with Singh after taking charge of the ministry.

27 Jun 2019 2:07 PM

On the other hand debt market has seen a pick-up in FPI buying in June so far, with purchases worth Rs 9,112 crore, which is the second highest in a month after Rs 12,002 crore in March 2019.

FPIs bump up stock buy ahead of Budget

FPIs have been net buyers of Indian equities worth Rs 78,402 crore this year so far, but in June so far their buying has been the lowest.

27 Jun 2019 1:37 AM

Finance Minister Nirmala Sitharaman. (Photo: ANI twitter)

Govt, RBI closely monitoring rupee exchange rate: Sitharaman

Rupee has depreciated from Rs 60.50 to a dollar in 2013-14 to Rs 69.74 to a dollar in April-December of 2018-19.

25 Jun 2019 8:01 PM

Growth of digital transactions in terms of value has increased to 188.07 lakh crore in September 2018 from 112.27 lakh crore in November 2016.

Currency in circulation rises 22 pc in May over pre-demonetisation level

Notes in circulation as on Nov 4, 2016 were Rs 17,74,187 cr, which have now increased to Rs 21,71,385 cr as on May 31, 2019.

25 Jun 2019 7:16 PM

Citing rules, Sitharaman stated that Section 178(5) and 178(6) of the Companies Act. (Photo: ANI)

Action taken against 271 companies in last 3 years to safeguard investors: Sitharaman

Sitharaman said this in a written reply to a question in Lok Sabha today.

24 Jun 2019 9:23 PM

A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it.

Number of wilful defaulters in nationalised banks up 60 pc to 8,582 in 5 years

Recovery of Rs 7,654 crore has been done from wilful defaulters' accounts during the last five financial years.

24 Jun 2019 7:18 PM

The government has accorded high priority to issue refunds for all taxpayers including small taxpayers, said Nirmala Sitharaman. (Photo: ANI | File)

IT dept issued Rs 64,700 cr refund between Apr 1-Jun 18, 2019: Sitharaman

In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for assessment year 2018-19.

24 Jun 2019 2:16 PM

According to officials, it is likely that the Reserve Bank of India could further lower lending rates to provide more room to commercial banks for cheaper loans. (Photo: File)

Sitharaman's first budget likely to focus on economic growth, unemployment

The reforms could see structural policy changes in areas such as land, labour, capital and entrepreneurship.

24 Jun 2019 10:54 AM

The Finance Minister also took a round of the Press and acquainted herself with the printing process. (Photo: ANI)

Halwa ceremony marks printing of Budget-2019 documents at Finance Ministry

Sitharaman, India's first full-fledged woman Finance Minister will present the annual Budget for the financial year 2019-20 on July 5.

22 Jun 2019 6:44 PM

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