Page 117 - Latest Updates on Nirmala Sitharaman
Don't waste this crisis: There's no more room to ignore bad economics
A crisis is when a govt can expect people to make sacrifices for the larger good. The danger of doing nothing is that growth of 6% or less becomes the norm, not the unacceptable, writes T N Ninan
India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
 "India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years")
FM's remarks on economy disappointing, crisis entirely home grown: Sinha
Sinha said that even now, the government is largely in denial
 "FM's remarks on economy disappointing, crisis entirely home grown: Sinha")
GDP growth numbers: Will there be some good news?
The upcoming data will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark
 "GDP growth numbers: Will there be some good news?")
As news goes from bad to worse, Modi govt scrambles to revive the economy
Finance Minister Nirmala Sitharaman said this week she's not closing the door on additional steps to support the economy.
 "As news goes from bad to worse, Modi govt scrambles to revive the economy")
How should the government revive demand?
What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?
 "How should the government revive demand?")
Rising fiscal fears
A comprehensive review is needed
Letter to BS: Sitharaman's remark on Indian economy doesn't hold ground
Corporations across sectors are facing the heat due to low demand from consumers
 "Letter to BS: Sitharaman's remark on Indian economy doesn't hold ground")
Sitharaman seeks Parliament nod for additional spending of Rs 21,246.16 cr
This includes over Rs 8,820 crore for the newly formed union territories of Jammu and Kashmir and Ladakh
 "Sitharaman seeks Parliament nod for additional spending of Rs 21,246.16 cr")
There is economic slowdown, but no signs of recession: FM Sitharaman
The finance minister touched upon the difficulties in meeting the fiscal deficit, and indirectly signalled a fiscal slippage for the year
 "There is economic slowdown, but no signs of recession: FM Sitharaman")
GDP growth seen slipping under 5% in Sep quarter; may be in 4.2-4.7% range
A look at six indicators shows all of them have collapsed from positive growth in April to contraction in Sept
 "GDP growth seen slipping under 5% in Sep quarter; may be in 4.2-4.7% range")
Opposition's habit of walking out remains unchanged since 2014: Sitharaman
The Union Minister asserted that there will never be a recession in the country
 "Opposition's habit of walking out remains unchanged since 2014: Sitharaman")
Economy may have slowed, but there's no recession, and there won't be: FM
Replying to a discussion on the economic situation, Nirmala Sitharman reeled out numbers to compare UPA and NDA
Centre planning to come up with lottery scheme for GST paying customers
Once the consensus at officers level is reached then it will be put before GST Council meeting
 "Centre planning to come up with lottery scheme for GST paying customers")
RCEP offer 'was not as much as our aspirations', says FM Sitharaman
She also said that she held discussions with credit rating agencies on their methodology to assess risk
OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU
A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord
 "OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU")
PSU banks disbursed around Rs 2.5 trillion in loans during October: Govt
Of the Rs 2.52 trillion, Rs 1.06 trillion was disbursed towards new term loans, while Rs 46,800 crore was towards new working capital loans
Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs
The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year
 "Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs")
BPCL most lucrative among govt's divestment candidates, say analysts
The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive
 "BPCL most lucrative among govt's divestment candidates, say analysts")
Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs
Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam
 "Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs")
