FM Sitharaman begins packed US visit, meeting with top investors planned

New Delhi,  (UNI) In her packed schedule during week-long US visit, Finance Minister Nirmala Sitharaman is set to attend the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington besides annual meets of World Bank and IMF.

She will als

India needs 4-5 more banks of SBI’s size, says Nirmala Sitharaman

Mumbai/New Delhi, Sep 26 (UNI) Stressing the need for bigger banks in the country, Finance Minister Nirmala Sitharaman on Sunday said that India needs 4-5 banks of the size of State Bank of India (SBI) in the wake of new requirements.  
"The way in which the

GST Council relief for Covid drugs, plan to include petrol, diesel in GST net off the table

New Delhi, Sep 17 (UNI) The GST Council on Friday decided to continue concessional rate on certain drugs for treating Covid till year-end and lower duty on key anti-Cancer drug Keytruda to 5 per cent while deferring plans to include diesel and petrol in the GST ambit.

Nirmala Sitharaman unveils 4th edition of Public Sector Bank Reforms Agenda - EASE 4.0 in Mumbai

Mumbai, Aug 25 (UNI) Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on Wednesday unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22 - tech-enabled, simplified, and collaborative banking. 

CASA deposits piling up in eastern states, banks should give greater credit expansion facilities: FM

Mumbai, Aug 25 (UNI) Union Finance Minister Nirmala Sitharaman on Wednesday said that CASA deposits were piling up in the eastern states and asked the banks to give facility of greater credit expansion in the region. 
Addressing a press conference, she said, 'CASA

Sitharaman to launch National Monetisation Pipeline to auction operating public assets

New Delhi, Aug 22 (UNI) Seeking to speed up monetisation of public assets, Finance Minister Nirmala Sitharaman would on Monday launch the National Monetisation Pipeline (NMP).

Besides providing visibility to private investors, the NMP will also serve as a medium-te

Experts see India's investor-friendly image shoring up as Modi govt proposes to scrap retrospective tax provisions

New Delhi, Aug 5 (UNI) With Modi government proposing to scrap the retrospective tax law, tax experts see many of India’s long-drawn tax disputes with MNCs like Cairn Energy and Vodafone coming to an end and the country shoring up its image as an investor-friendly destinati

Another day of disruptions in Lok Sabha, two bills passed in din

New Delhi, Aug 3 (UNI) The Lok Sabha on Tuesday once again witnessed protests, and was repeatedly adjourned as Opposition members raised slogans on issues like the Pegasus snooping controversy, farm laws, price rise and other issues. The House also passed two Bills in din despite

Rajya Sabha to consider Bill to amend Factoring Regulation Act, 2011

New Delhi, Jul 29 (UNI) The bill seeking to help MSMEs by broadening the scope of entities undertaking factoring is scheduled to be taken up by Rajya Sabha on Wednesday amid fears of uproar by Opposition party members. 
Finance Minister Nirmala Sitharaman would move t

Cabinet nod to Rs 6.28 lakh cr stimulus package announced by FM

New Delhi, Jun 30 (UNI) The Union Cabinet on Wednesday approved a Rs 6,28,993 crore stimulus package announced by Union Finance Minister Nirmala Sitharaman to bail out the Covid-hit economy.

This was informed by Information and Broadcasting Minister Prakash Javadek