Tag Archives: Nirmala Sitharaman

Budget 2021: How Nirmala Sitharaman can put India back on the growth track

Enthusiasm about Budget 2021 has been muted. Finding a balance between prioritising lives vs livelihoods, fiscal prudence vs budget largesse should be priority. But will Finance Minister Nirmala Sitharaman’s third budget have something for everyone as indications suggest? Today, almost … Continue reading

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Shipping assets worth Rs 12,828 crore to be monetised under NMP

Shipping assets worth Rs 12,828 crore will be monetised over the next four years under the Rs 6 lakh crore National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman on Monday. The monetisation does not involve selling of land … Continue reading

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Cabinet okays scheme to provide Rs 1,624 crore over 5 years as subsidy to Indian shipping companies

The Union Cabinet on Wednesday approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo, an official statement said. According … Continue reading

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After Tata Steel, AMNS India plans to bid for state-owned RINL

Gujarat-based AMNS India is planning to bid for state-owned steelmaker Rashtriya Ispat Nigam Limited (RINL) — which has already attracted the interest of domestic giant Tata Steel , according to a source. RINL is a special steel making company based … Continue reading

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Budget 2019: Cigarette makers are unlikely to hike prices due to imposition of the excise duty, say analys

Cigarette makers are unlikely to hike prices due to imposition of the excise duty since the net impact is extremely marginal, analysts tracking the industry said. The Budget imposed excise duty of Rs 5 per thousand cigarette sticks up to … Continue reading

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Govt may not infuse capital into state-run banks in FY23

The government may not allocate funds towards bank capitalisation in the FY23 budget, a first in a decade. This comes as all state-run banks have turned profitable and the newly set up bad bank is expected to help free up … Continue reading

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MFI body Sa-Dhan writes to FM seeking Rs 7,500 crores towards Credit Guarantee Scheme

India’s largest association for the micro finance sector, Sa-Dhan, has written to the Finance Minister Nirmala Sitharam for allocation of further Rs 7,500 crores for the Credit Guarantee Scheme for MFIs. “We would like to take this opportunity to request … Continue reading

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ET Explains: Why the Rs 40,000 crore tax sop may not bring relief to a groaning economy

Finance minister Nirmala Sitharaman delivered the much talked about cut in personal income tax in her second Budget that was presented in the backdrop of FY20 growth likely slowing to an 11-year low of 5 per cent. The clamour for … Continue reading

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India offers spectrum of opportunities: FM Nirmala Sitharaman tells CEOs

India offers a spectrum of opportunities to investors and business firms, Finance Minister Nirmala Sitharaman told executives of top American companies as she met and apprised them of various flagship programmes of the Indian government under the Atma Nirbhar Bharat. … Continue reading

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USIBC meets FM Nirmala Sitharaman; praises India’s reform trajectory

Members of the influential US India Business Council in their meeting with Union Finance Minister Nirmala Sitharaman Wednesday praised India’s reform trajectory and exuded confidence in the growing Indian economy. “We praised her reform trajectory and discussed new opportunities to … Continue reading

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