Page 118 - Latest Updates on Nirmala Sitharaman
GST compensation delay: States considering legal action against Centre
Central govt official says will release funds before end of this month
 "GST compensation delay: States considering legal action against Centre")
CCEA okays amendments to Toll Operate Transfer model for national highways
The monetisation will be subject to approval of the competent authority in the Ministry of Road Transport and Highways/NHAI on a case to case basis
 "CCEA okays amendments to Toll Operate Transfer model for national highways")
Govt approves proposal to enact legislation for recycling of ships
It has also been decided to accede to the Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships, 2009, FM said
 "Govt approves proposal to enact legislation for recycling of ships")
Onion shortage: Cabinet approves import of 120,000 tonnes to contain prices
The government is also facilitating private imports and also relaxed phytosanitary and fumigation norms till December
 "Onion shortage: Cabinet approves import of 120,000 tonnes to contain prices")
In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs
The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm
 "In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs")
Cabinet approves strategic sale of govt stake in BPCL, 4 other CPSEs
Govt's strategic divestment of BPCL will exclude Numaligarh Refinery; management control to be transferred to strategic buyer
 "Cabinet approves strategic sale of govt stake in BPCL, 4 other CPSEs")
States concerned over GST compensation delays, ask FM to speed up payments
Punjab is awaiting Rs 2,100 crore as compensation while arrears stand at Rs 2,000 crore
 "States concerned over GST compensation delays, ask FM to speed up payments")
Top events today: Cabinet meet on Kashmir, Sengar in court and more
From Sitharaman to meet heads of public and private banks to Sovereign Gold Bonds subscription, Business Standard brings you top events of the day
 "Top events today: Cabinet meet on Kashmir, Sengar in court and more")
PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?
State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore
 "PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?")
BJP making India's best organisations hollow, selling them: Priyanka
Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020
 "BJP making India's best organisations hollow, selling them: Priyanka")
PSBs have reported Rs 95,700-crore frauds in first 6 months of FY20: FM
FM Sitharaman says 5,743 incidents in govt banks from April to September this year
Amit Mitra writes to FM, calls for 'urgent' GST meet to plug loopholes
GST revenue fell below the Rs 1-trillion mark for the third straight month in October, and was 5.3 per cent lower than the corresponding month last year, at Rs 95,380 crore
 "Amit Mitra writes to FM, calls for 'urgent' GST meet to plug loopholes")
PSBs reported Rs 95,700 cr worth of frauds in Apr-Sept, says govt
Sitharaman says bank accounts of 338,000 inoperative companies have been frozen
 "PSBs reported Rs 95,700 cr worth of frauds in Apr-Sept, says govt")
Weak corporate earnings in H1 FY20 reflect overall economic slowdown: CARE
The growth in power and fuel cost witnessed a significant moderation from 16.5% in H1 FY19
 "Weak corporate earnings in H1 FY20 reflect overall economic slowdown: CARE")
Cabinet may consider proposal to lower govt stake in CPSEs to less than 51%
Such a move is possible by amendment to Section 241 of the Companies Act
 "Cabinet may consider proposal to lower govt stake in CPSEs to less than 51%")
Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects
This will finance 1,600 stalled housing projects comprising 4,58,000 housing units across the country
 "Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects")
Companies Act: Panel wants further decriminalisation, easing of compliance
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions
 "Companies Act: Panel wants further decriminalisation, easing of compliance")
RBI's future surplus transfers to govt will depend on its net income: FM
Surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said
Despite deceleration, India projected to remain fastest-growing economy: FM
The World Economic Outlook (WEO) of October 2019 projects a significant slowdown in world output and trade in 2019
 "Despite deceleration, India projected to remain fastest-growing economy: FM")
Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman
The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year
 "Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman")
