Page 33 - Latest Updates on Nirmala Sitharaman
Loose connection
The latest power distribution scheme reflects old structural flaws
 "Loose connection")
Enhanced GST revenue collections should now be 'new normal': FM
Commending taxmen for enforcement measures in dealing with GST fraud, Finance Minister Nirmala Sitharaman said the enhanced revenue collection in the recent months should now be the 'new normal'
 "Enhanced GST revenue collections should now be 'new normal': FM")
Finmin reimposes spending curbs on ministries, depts for Q2 of FY22
Move made keeping in mind cash position ahead of likely third wave; health, MSME and rural development spared restrictions
 "Finmin reimposes spending curbs on ministries, depts for Q2 of FY22")
Broadband service to jobs scheme: Key decisions taken by union cabinet
Cabinet approves relief measures announced by Finance Minister Nirmala Sitharaman on June 28.
 "Broadband service to jobs scheme: Key decisions taken by union cabinet")
GST has reduced rate at which people have to pay tax: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax and the GST rate at present is only 11.6 per cent
 "GST has reduced rate at which people have to pay tax: Nirmala Sitharaman")
Yellen, Sitharaman discuss shared interest in 'robust' minimum tax
US Treasury Secretary Janet Yellen on Tuesday discussed a shared interest between the United States and India to implement a "robust" global minimum tax, the Treasury said
 "Yellen, Sitharaman discuss shared interest in 'robust' minimum tax")
Answer to crisis is to put money in hands of people: P Chidambaram
Senior Congress leader P Chidambaram said the answer to this 'crisis' is to spur demand by putting money in the hands of the people
 "Answer to crisis is to put money in hands of people: P Chidambaram")
Top headlines: Govt's Rs 6.3 trn package, upGrad to join unicorn club
Business Standard brings you the top headlines on Tuesday
Tourism players welcome FM's loan package for travel agencies, guides
People associated with the tourism industry have welcomed finance minister Nirmala Sitharaman's loan package for travel agencies and tourist guides which is likely to revive the industry
 "Tourism players welcome FM's loan package for travel agencies, guides")
Best of BS Opinion: The credit push, post-Covid economy, and more
Here are the best of Business Standard's opinion pieces for Tuesday
 "Best of BS Opinion: The credit push, post-Covid economy, and more")
Rs 50,000-cr loan guarantee for health not enough in non-metros: Industry
Finance Minister Nirmala Sitharaman said the government would provide 75 per cent coverage for new projects and 50 per cent for those in expansion mode in the non-metros
 "Rs 50,000-cr loan guarantee for health not enough in non-metros: Industry")
Booster dose: Govt unveils Rs 6.3-trillion package to spur growth
Includes credit guarantee schemes, steps to revive tourism, strengthen health infra
Govt announces 500,000 free visas, loan guarantee scheme for travel sector
The scheme will benefit 11,000 stakeholders including 904 tour operators and 10,700 tourist guides, FM says
 "Govt announces 500,000 free visas, loan guarantee scheme for travel sector")
Tax cuts for individuals, companies needed to boost demand, say economists
While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy
 "Tax cuts for individuals, companies needed to boost demand, say economists")
The credit push
Relief package is well-intentioned but won't move the needle much
 "The credit push")
Top headlines: FM unveils package for economy, TaMo plans 10 EVs by 2025
AstraZeneca vaccine immune response higher with longer gap, More than 50% kids in Mumbai have Covid-19 antibodies, according to a sero survey, and other top news of the day
 "Top headlines: FM unveils package for economy, TaMo plans 10 EVs by 2025")
Centre announces Rs 19,000 cr more for BharatNet broadband project
The initiative which is implemented in a public private partnership model has been delayed to a great extent and has missed deadlines so far.
 "Centre announces Rs 19,000 cr more for BharatNet broadband project")
Health, credit, jobs: FM announces 8 measures to revive economy in pandemic
Nirmala Sitharaman unveils more support measures for the economy, including a 50% expansion in its emergency credit program.
Large part of FM's stimulus package will work only in medium-term
The government and the central bank's credit measures appear to show India has gotten its priorities against a possible third wave of Covid-19.
 "Large part of FM's stimulus package will work only in medium-term")
Economic revival: FM Sitharaman raises ECLGS scheme limit to Rs 4.5 trn
FM announces Rs 1.1 trillion loan guarantee scheme for Covid-affected sectors
 "Economic revival: FM Sitharaman raises ECLGS scheme limit to Rs 4.5 trn")
