FM Sitharaman unveils Rs 102-trn of infra projects, reforms to revive struggling power retailers and more top headlines of the day
In last six years, 5-6% of GDP spent on infrastructure, says FM Sitharaman
A frank discussion and the assurance by the PM earlier and the FM now will be of great value to the bureaucracy in the banking world
FM is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1
NBFCs, too, made presentation to the Finance Minister
Sector players say Commerce ministry move to halve MEIS to 2% goes against national goal to export 100 million handsets worth $110 billion every year by 2025
One could effectively say the Budget will be a joint handiwork of Singh and finance minister, Nirmala Sitharaman, a position that no other finance commission has enjoyed
The finance minister will present her first full Budget on February 1. This is the speech I wish to hear
This saving will be passed on to the end consumers and will lower the cost of care, it added
Seldom has the economic situation been more challenging for the Union finance minister
The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested several measures to the finance ministry for start-ups in the budget
The cash crunch among robust NBFCs is mainly due to a financial support from market instruments, rather than from the lenders.
It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent
Almost all states have raised much more debt than at the same time last year, except Maharashtra.
PSBs may report fraud through e-filing of FIRs on a designated email address of CBI
India's economic growth fell to an over six-year low of 4.5 per cent in the September quarter
Sitharaman said bankers have no reason to fear the "three Cs", referring to the Central Bureau of Investigation (CBI), Central Vigilance Commission, and Comptroller and Auditor General
It said that PSBs have attached assets worth over Rs 2.3 lakh crore over the last three financial years
In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan
LIC Chairman M R Kumar handed over the cheque to Finance Minister Nirmala Sitharaman in presence of Finance Secretary Rajiv Kumar and Special Secretary Debasish Panda