Page 120 - Latest Updates on Nirmala Sitharaman
A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector
While the government will act as a sponsor with its Rs 10,000-crore initial contribution to the category-II AIF, SBI and LIC will provide an additional Rs 15,000 crore for the fund
 "A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector")
Managing the rupee
The government and RBI should address overvaluation
 "Managing the rupee")
Govt likely to extend 15th Finance Commision's term by six months
Officials say there have been discussions on whether the treatment given to J&K will be unfair to Delhi and Puducherry
 "Govt likely to extend 15th Finance Commision's term by six months")
Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects
Targeted at affordable and middle-income housing units, the fund will address residential properties in Mumbai that are priced below Rs 2 crore
 "Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects")
Boost for realty: Govt, SBI, LIC create Rs 25k-cr fund for stalled projects
Move comes a day after Finance Minister Nirmala Sitharaman announced the government was readying more reform measures to boost economy
 "Boost for realty: Govt, SBI, LIC create Rs 25k-cr fund for stalled projects")
FM Sitharaman to review state of economy at FSDC meeting on Nov 7
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, sources added.
Govt working with RBI, reworking laws to help distressed home buyers: FM
She said many sovereign funds are interested in the real estate sector of the country and want to work with the government.
 "Govt working with RBI, reworking laws to help distressed home buyers: FM")
FM Sitharaman unveils two IT initiatives for faster customs clearance
ATITHI is a mobile app for international travelers to file the customs declaration in advance
 "FM Sitharaman unveils two IT initiatives for faster customs clearance")
Rajan responds to FM's comment, says two-thirds of his tenure was under BJP
He said the country needs a new generation of reforms to accelerate economic growth. At 5% GDP growth rate, India was witnessing substantial economic slowdown
 "Rajan responds to FM's comment, says two-thirds of his tenure was under BJP")
FinMin claims huge progress in report on measures to boost economy
As per the report card, all public sector banks have introduced Repo Rate Linked Products
April-September fiscal deficit at Rs 6.52 trillion, 92.6% of FY20 estimate
Net tax receipts in the first half of the current fiscal year ending in March 2020 were Rs 6.07 trillion, while total expenditure was Rs 14.89 trillion, the data showed
 "April-September fiscal deficit at Rs 6.52 trillion, 92.6% of FY20 estimate")
Don't hesitate to give loans to SHGs led by credible spiritual leaders: FM
When you have social, religious and spiritual leaders leading the (self-help group) movement, banks find easy to find credible clients, she said
 "Don't hesitate to give loans to SHGs led by credible spiritual leaders: FM")
E-tail discounts denting GST revenue, business model needs review: CAIT
CAIT has claimed that e-commerce companies Amazon and Flipkart and others were selling goods much below their market value thus denying the Government of its due legitimate GST revenue
 "E-tail discounts denting GST revenue, business model needs review: CAIT")
Will further simplify GST to improve India's ease of doing biz ranking: FM
The Finance Minister expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index
Tax benefit to cooperatives should go
Return to societies from cooperative banks is almost double that from commercial banks
 "Tax benefit to cooperatives should go")
FM Nirmala Sitharaman takes on P Chidambaram over Budget numbers
Chidambaram had said that projections given in the Budget were unrealistic considering the past trends
 "FM Nirmala Sitharaman takes on P Chidambaram over Budget numbers")
Bank unions to go on first major strike on October 22 against merger
While banking operations are expected to be hit due to the strike, many banks, including branches of SBI are likely to remain open
 "Bank unions to go on first major strike on October 22 against merger")
FY20 gross tax revenue likely to fall short by around Rs 2 trillion
FinMin is said to have shared assessment with 15th FC
 "FY20 gross tax revenue likely to fall short by around Rs 2 trillion")
Will prepare blueprint for companies moving out of China: FM Sitharaman
She said industry leaders who are contemplating getting their businesses out of China are 'definitely considering India is the pitch'
 "Will prepare blueprint for companies moving out of China: FM Sitharaman")
Uncertainity of one case does not reflect true efficiency of IBC: FM
Sitharaman was responding to a question on a particular recent case which many allege reflects some major loopholes in the IBC
 "Uncertainity of one case does not reflect true efficiency of IBC: FM")
