PM Modi reviews impact of Covid-19 on economy

PM Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with…

ADB promises $2.2bn aid for health sector

Asian Development Bank (ADB) president Masatsugu Asakawa on Friday assured finance minister Nirmala Sitharaman of the multilateral agency’s support to New Delhi in its fight against the novel coronavirus pandemic…

Mega merger of 10 PSU banks takes effect: Key pts

The mega merger of ten public sector undertaking (PSU) banks into four large entities, announced by finance minister Nirmala Sitharaman in August 2019, came into effect from Wednesday. Customers, including…

Will speak to banks to facilitate cash flow: FM

Lauding efforts of bankers in this difficult time, finance minister Nirmala Sitharaman on Saturday said that she will speak to all banks to facilitate cash flow and enable timely access…

Centre waives ATM withdrawal charges for 3 months

Union finance minister Nirmala Sitharaman on Tuesday waived minimum balance charges for savings bank accounts to help citizens deal with the lockdown due to the coronavirus crisis. Also, debit card…

Govt banks out of touch with consumers: FM

Finance minister Nirmala Sitharaman rapped state-run banks for lacking consumer connect and said often executives at the branch level could not communicate in the local language or provide details of…

Budget provides ‘discreet, considered’ stimulus: FM

Finance minister Nirmala Sitharaman on Friday said the Budget presented by her last week provides a “discreet and considered” stimulus. Speaking to industry representatives in the financial capital, Sitharaman said…

Govt intends to have a simplified tax regime: FM

Briefing the media after an interaction with industry representatives & economists, Finance minister Nirmala Sitharaman on Friday said that the govt has introduced taxpayers’ charter in the budget as it…

Don’t hesitate, invest, FM tells industry

In a post Budget interaction at a CII event, Finance minister Nirmala Sitharaman, “I don’t think in today’s condition it can be just government spending which can pull economy towards…

How govt came up with idea of tax charter

It was during a quick exchange, while moving from one meeting to another in the finance ministry corridors, that principal economic adviser Sanjeev Sanyal brought up the possibility of a…

Govt intends to remove all I-T exemptions: FM

After slashing income tax rates for individuals on condition that they give up exemptions and deductions, finance minister Nirmala Sitharaman on Saturday said the government intends to remove all I-T…

A Budget with ‘vision and action’: PM Modi

PM Modi on Saturday congratulated finance minister Nirmala Sitharaman and her team for presenting the first Budget of the decade. He said the Budget has vision as well as action,…