Nirmala Sitharaman | The Asian Age

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The new fund, or special window, will help revive more than 1,600 moribund housing projects, Sitharaman said.

India approves USD 1.4 billion for fund to help stalled housing projects

The real estate sector in India has been hit by a severe liquidity crunch this year after a series of debt defaults by NBFC.

07 Nov 2019 8:21 AM

Announcing the decision, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in this alternative investment fund (AIF) while SBI and LIC would provide Rs 15,000 crore, taking the total size to Rs 25,000 crore. (Photo: File)

Cabinet approves Rs 25,000 crore fund for stalled housing projects

The fund will finance 1,600 stalled housing projects comprising 4.58 lakh housing units across India, said FM Sitharaman.

06 Nov 2019 8:34 PM

Nirmala Sitharaman said the government's efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

We will not miss the bus again, next wave of reforms soon: Sitharaman

Sitharaman on Tuesday said govt will soon use its strong electoral mandate to usher in next wave of reforms.

06 Nov 2019 10:11 AM

While achieving food sufficiency in production, rural communities face challenges in raising household incomes, improving nutrition and tackling the effects of climate change. (Photo: ANI)

Sitharaman meets IFAD president Houngbo to boost efforts for rural communities

India has set an ambitious goal of doubling farmers' incomes by 2022.

28 Oct 2019 7:17 PM

India jumps 14 places in ease of doing biz

India also ranked Number One in South Asia. India went up ahead by 23 and 30 places, respectively, in the past two years.

25 Oct 2019 1:39 AM

Finance Minister Nirmala Sitharaman (Photo: Twitter/ ANI)

Slowdown due to corporate reform

To carry out such epochal reform, a certain degree of centralisation is indispensable.

25 Oct 2019 12:43 AM

Finance Minister Nirmala Sitharaman, while talking to reporters, said states too will have to make efforts in improving the business climate in India, especially with regard to property registration. (Photo: File)

Sitharaman promises further GST simplification to help India improve biz ranking

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

24 Oct 2019 4:07 PM

Finance Minister Nirmala Sitharaman (Photo: File)

No need to escalate one case to reflect everything to do with IBC: Sitharaman

Bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.

21 Oct 2019 9:58 AM

Nirmala Sitharaman said the government's decision is not just going to be purely on the basis of what is happening presently between the United States and China. (Photo: File)

Will prepare blueprint for companies looking beyond China: FM

Sitharaman 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.

20 Oct 2019 5:02 PM

According to the police, PMC bank officials gave loans to HDIL between 2008 and 2019 despite no repayment of the previous loans. (Photo: ANI)

PMC Bank case: HDIL promoters Rakesh, Sarang Wadhwan sent to ED custody till Oct 22

Earlier on Wednesday, former PMC Bank director SS Arora was arrested by the Economic Offences Wing (EOW) of Mumbai Police in the matter.

18 Oct 2019 8:10 PM

With all that being said, "the point cannot be missed that India is still "growing the fastest" in the given global scenario, Sitharaman observed. (Photo :File)

Despite IMF's projection, India among fastest growing economies: FM

Sitharaman is in Washington to attend the annual meeting of the International Monetary Fund or IMF and the World Bank.

18 Oct 2019 9:26 AM

These are not lessons learned. These are the present government's convictions. Lessons have to be learned by people who should have learnt it even earlier, Sitharaman said. (Photo: FIle)

Recalling when and what went wrong during certain period is necessary: FM

FM was responding on allegations by Singh that govt always try to put blame on its opponents instead of finding solutions.

18 Oct 2019 9:00 AM

Former Prime Minister Manmohan Singh on Thursday said that the government ‘is obsessed with trying to fix blame on its opponents’ instead of finding solutions. (Photo: Twitter/ ANI)

Govt obsessed with blaming opponent for bank crisis: Manmohan Singh

The statement came as a response to Sitharaman’s remark blaming Singh and Raghuram Rajan for the bank crisis.

17 Oct 2019 2:47 PM

It (India) is one of the fastest growing (economies) even today. It has the best skilled manpower and a government that is continuously doing what is required in the name of reforms, above all democracy and rule of law, FM Nirmala Sitharaman said on Wednesday. (Photo: File)

No better place to invest than in India: Sitharaman

She assured international investors at an interaction session that the government was continuously working to bring reforms.

17 Oct 2019 8:58 AM

Law minister Ravi Shankar Prasad (Photo: ANI)

To solve India’s problems, first admit they exist!

In order to address a problem and find a solution, it is absolutely necessary to first acknowledge that the problem exists.

17 Oct 2019 12:30 AM

Delivering a lecture at the prestigious Columbia University’s School of International and Public Affairs here on Tuesday, Sitharaman said that giving all the public sector banks a “lifeline” is today her primary duty. (Photo: File)

Banks had ‘worst phase’ under Manmohan Singh, Raghuram Rajan: FM

Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.

16 Oct 2019 12:45 PM

The prominent Indian-American economist was speaking to reporters ahead of the annual meeting of the IMF and the World Bank. (Photo: File)

Important for India to keep fiscal deficit in check, says IMF chief economist

On the projections in the World Economic Outlook report, Gopinath said appropriate steps have been taken.

16 Oct 2019 9:51 AM

India’s gross domestic product grew at its weakest pace since 2013 between April and June, stoking expectations of further stimulus. (Photo: File)

India cannot sacrifice economic strength to comply with US sanctions: Sitharaman

She said that India wants to comply with global sanctions, including US but also needs to maintain its own strategic interests.

16 Oct 2019 9:40 AM

Union Finance Minister Nirmala Sitharaman. (Photo: ANI)

After FM’s intervention, withdrawal limit for PMC Bank customers raised to Rs 40,000

RBI is monitoring the developments and shall take necessary steps in the interest of the depositors.

14 Oct 2019 8:30 PM

According to returns filed by the large corporates to the Ministry of Corporate Affairs, as much as Rs 40,000 crore is due to the MSME sector.

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates.

14 Oct 2019 2:45 PM

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