nirmala sitharaman

Bad bank loans to clean up the proposed bad bank structure, experts say

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Bad bank loans to clean up the proposed bad bank structure, experts say. On September 16, Finance Minister Nirmala Sitharaman announced the issuance of an independent guarantee of up to Rs 30,600 for security receipts to be issued by National Asset Reconstruction Company Limited (NARCL). NARCL will take over consolidated assets and the proposed AMC …

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FM Sitharaman urges developed economies to increase commitments to support climate change

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Finance Minister Nirmala Sitharaman on Friday called on developed economies to balance their commitments to support climate change and help developing countries build more resilient infrastructure. She said India had announced the National Infrastructure Pipeline (NIP) with nearly 7,000 projects and the government had adopted a plan to revitalize the economy by building infrastructure.Sitharaman said …

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Finance Minister announces 8 major relief measures.

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Finance Minister Nirmala Sitharaman on Monday announced a credit guarantee program worth Rs 1.1 lakh crore for sectors affected by Covid. Addressing a press conference in New Delhi, she also said that Rs 50,000 crore had been allocated for health sector development. “We are announcing around eight economic aid measures, four of which are absolutely …

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GST Council – Income paid contributions issued by IGST, continue to discuss other matters, compensation

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The Almighty Property Tax Council, on May 28, decided to exempt GST Covid-related entities submitted on a pay basis through government donations or the recommendation of state officials to any aid agency, until August 31. These include medical oxygen, concentrators, diagnostic marking kit kits and COVID-19 vaccines, etc. The center had already released items through …

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PLI Schemes for Making Large Electronics extended by One Year: FM Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman, on June 28, announced that the duration of the Production-Linked Incentive (PLI) mass production program had been extended by one year. The program would run from 2020-21 and continue for a period of five years. The Minister of Finance said the program would continue until 2025-26.Participating companies will receive any five …

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The best way to double your investment – small savings schemes vs joint funds

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The Treasury has pressured small-scale savings investors to reduce interest rates to 110 points in the April-June quarterly quarter, on Wednesday. However, the order was short-lived. Finance Minister Nirmala Sitharaman rescinded interest rates by tweeting early Thursday. Therefore, at the moment investors will continue to receive old interest rates through the Sukanya Samriddhi Account still …

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Focus on new areas opened by govt for fresh candidate : said Sitharaman

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Private companies have been given greater prominence in the Union Budget for 2021-22, and open spaces have “many opportunities” for individuals and not just large companies, said FM Sitharaman. The union’s finance minister, Nirmala Sitharaman, on Saturday said the opening of the state-of-the-art fully secured facilities would allow the government to give university graduates business …

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GST Council Meeting: Know the outcome of meeting

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GST Council Meeting: Gasoline and diesel will not yet be subject to GST. An important meeting of the GST Council was held under the chairmanship of the Union Minister of Finance, Nirmala Sitharaman, during which the idea of ​​subjecting petroleum products to the GST was discussed. Finance Minister Nirmala Sitharaman said after the meeting that …

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Finance Minister Nirmala Sitharaman says IRDAI directs insurance companies to prioritize COVID-19 claims

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Finance Minister Nirmala Sitharaman has said that the insurance regulator IRDAI should give priority to authorization and settlement of COVID-19 claims to companies. Sitharaman said that reports of cashless insurance refusal were being received by some hospitals. To deal with this situation, the Finance Minister spoke to the Insurance Regulatory and Development Authority (IRDAI) Chairman …

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Government, industry must work together to create India’s own financial capital: FM Sitharaman

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Finance Minister Nirmala Sitharaman on August 24 met with Indian company executives and discussed ways to accelerate economic recovery. Sitharaman, who is in Mumbai on a two-day trip, stressed the importance of the government and industry working together to ‘build India’s equitable income’. The government believes in listening, working and responding and will add all …

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