Page 127 - Latest Updates on Nirmala Sitharaman
Slowdown will not impact social sector spending: Nirmala Sitharaman
The GST council will take on GST rates reduction, she said
 "Slowdown will not impact social sector spending: Nirmala Sitharaman")
FM Nirmala Sitharaman meets representatives of infrastructure sector
The meeting came in the backdrop of India's gross domestic product growth slumping to six-year low of 5 per cent in the April-June quarter
 "FM Nirmala Sitharaman meets representatives of infrastructure sector")
FM meets representatives of infrastructure sector amid economic slowdown
The representatives of the infrastructure sector expressed their issues and concern to the finance minister during the meeting
 "FM meets representatives of infrastructure sector amid economic slowdown")
Free the banks
Mergers are cosmetic without real governance reform
 "Free the banks")
Letter to BS: Long overdue banking sector reforms is the need of the hour
Success of the process of consolidation of state-owned banks depends on the enhanced capability of the RBI to exercise its regulatory oversight and ensure financial stability
Govt addressing issues sectorally, more action soon: FM Nirmala Sitharaman
Government has made two major announcements to revive the economy after consulting business leaders and such dialogue will continue, says finance minister Nirmala Sitharaman.
 "Govt addressing issues sectorally, more action soon: FM Nirmala Sitharaman")
Not a single job will be lost due to merger of banks: Nirmala Sitharaman
Nirmala Sitharaman was replying to a question on the bank employees unions opposing the merger plan on the ground it would lead to loss of jobs.
 "Not a single job will be lost due to merger of banks: Nirmala Sitharaman")
How technology integration, regional synergies drove bank merger plan
PNB will take over OBC and UBI to become the country's second-largest lender after SBI in terms of business
 "How technology integration, regional synergies drove bank merger plan")
PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders
 "PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank")
Bank employees stage protest against govt's decision to merge PSBs
AIBEA general secretary C H Venkatachalam alleged the merger of public sector banks would mean closure of six banks
 "Bank employees stage protest against govt's decision to merge PSBs")
NextGen PSBs: Govt unveils mega bank mergers to revive economic growth
10 banks to be merged into 4; Indian Bank & Allahabad to be one
 "NextGen PSBs: Govt unveils mega bank mergers to revive economic growth")
I felt time was right for me to go: LVB MD & CEO Parthasarathi Mukherjee
Claims he resigned for personal reasons, adds that a new person at the helm may succeed where he failed
 "I felt time was right for me to go: LVB MD & CEO Parthasarathi Mukherjee")
Mergers lack logic, will destabilise finance and economy more: Bank unions
While announcing the merger, finance minister Nirmala Sitharaman said plans is to create fewer but stronger global- sized banks for building a $ 5 trillion economy
 "Mergers lack logic, will destabilise finance and economy more: Bank unions")
India's economic growth dips to 7-year low of 5% in April-June
The previous low was recorded at 4.9 per cent in April-June 2012-13. The economic growth was 8 per cent in the same quarter of 2018-19
 "India's economic growth dips to 7-year low of 5% in April-June")
Government creates banking behemoths to boost India's flagging economy
News of the mergers comes minutes before official data is expected to confirm a fifth-straight quarter of slowing economic growth
Amalgamating 10 govt banks into 4 entities in mega consolidation move: FM
After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017
PSB merger on expected lines; buy stocks for the long-term: Analysts
Investors need to understand the share swap ratio and the other details of the proposed merger, analysts caution
 "PSB merger on expected lines; buy stocks for the long-term: Analysts")
FM unveils merger of 10 govt banks to revive economic growth from 5-yr low
The exercise, seen together with the previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017
Govt will soon announce 2 more big steps to push consumption: FM Sitharaman
The minister, however, did not elaborate on the two steps to be taken by the government
 "Govt will soon announce 2 more big steps to push consumption: FM Sitharaman")
Govt should use funds from RBI to stimulate economy, says ADB chief
The visiting ADB president supported the RBI's approval to the fund transfer and said the country should come up with more such ideas to support growth
 "Govt should use funds from RBI to stimulate economy, says ADB chief")
