Page 112 - Latest Updates on Nirmala Sitharaman
Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy
The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means
 "Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy")
Rajiv Kumar to Krishnamurthy Subramanian: The team behind FM's Budget 2020
A 1984 batch officer from the Jharkhand cadre, Kumar is known as the driving force behind the spate of mergers of state-owned banks
 "Rajiv Kumar to Krishnamurthy Subramanian: The team behind FM's Budget 2020")
FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday
Sitharaman will also discuss with PSBs the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card
 "FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday")
Zooming onion rates to pricey bananas: Advertisers bask in moment-ary glory
When onion prices were hovering around Rs 150 a kg and FM Nirmala Sitharaman was being pilloried for her comments on the kitchen staple, food-delivery platforms put out clever one liners
 "Zooming onion rates to pricey bananas: Advertisers bask in moment-ary glory")
FM Sitharaman to meet CEOs of PSBs on Saturday to review their performance
The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT
 "FM Sitharaman to meet CEOs of PSBs on Saturday to review their performance")
FinMin asks GST Council to form grievance redressal mechanism for taxpayers
The proposal in this regard was approved last week by the GST Council
 "FinMin asks GST Council to form grievance redressal mechanism for taxpayers")
Year in Review: From job data to growth woes, India's 'shrinking' feeling
A list of events and policy decisions that made the biggest impact on Indian economy during the year 2019
 "Year in Review: From job data to growth woes, India's 'shrinking' feeling")
Lenders call for bids to rescue shadow bank Altico as crisis deepens
Alitco's bad loans spiked to 23.8% of its loan book in the July-September quarter, adding to concerns of recovery for the lenders
 "Lenders call for bids to rescue shadow bank Altico as crisis deepens")
A different phase
Ministerial statements at last week's meetings with business leaders indicate the government's new approach to industry
 "A different phase")
Subhash Garg explains why RBI's surplus profits belong to the govt
Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India
 "Subhash Garg explains why RBI's surplus profits belong to the govt")
Economists tell FM to focus on reviving economic growth, not fiscal targets
The economists present also spoke about the need to rescue NBFCs
Re-think GST: No economy can afford to persist with a failed tax experiment
Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan
Implementation of NRC and CAA: Why a bureaucratic nightmare may be at hand
If the govt goes ahead with the Citizenship Amendment Act and National Register of Citizens, the process for the entire population may span 60-70 years - a test for India's under-staffed bureaucracy
Come out of self-doubt and unleash animal spirits: FM to India Inc
The government has shown conviction to change India's system, take some tough decisions and make sure it is responsive to industry, she said at industry body Assocham's event here
 "Come out of self-doubt and unleash animal spirits: FM to India Inc")
Non-BJP states fear sovereign default on Centre's GST compensation
States are given compensation by the Centre if they don't clock 14 per cent growth in GST revenues in a year on the base of 2015-16.
Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman
State FMs had met Sitharaman for a pre-Union Budget interaction
 "Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman")
In a first, GST Council votes, states say Centre close to sovereign default
In the Council meeting, the panel resorted to voting to decide whether a uniform tax on lotteries should be levied or a two-rate system be followed.
Economic slowdown: States seek relaxation in fiscal deficit target to 4%
They also suggested measures to strengthen cooperation between states and Centre to attain $5 trillion economy
 "Economic slowdown: States seek relaxation in fiscal deficit target to 4%")
GST Council may crack down on fraudulent invoices, input tax credit refunds
The law committee has proposed blocking of input tax credit for errant businesses "with the intent to safeguard government revenue''
 "GST Council may crack down on fraudulent invoices, input tax credit refunds")
Industry demands export promoting measures, simplification of labour laws
Ficci President Sandip Somany said the meeting delved into infrastructure bottlenecks in terms of the rules, regulations which can help free up business.
 "Industry demands export promoting measures, simplification of labour laws")
