Page 58 - Latest Updates on Nirmala Sitharaman
Banking on Budget: A clear case for restructuring expenditure in favour of capex
In the wake of the coronavirus pandemic, Budget 2021-22 will be full of challenges. Here are some recommendations for Finance Minister Sitharaman from D K Srivastava, chief policy advisor, EY India
 "Banking on Budget: A clear case for restructuring expenditure in favour of capex")
Disinvestment will now gain a lot of momentum: Finance Minister Sitharaman
Finance Minister Nirmala Sitharaman said the pace of disinvestment will now gain a lot of momentum, and those which have already found cabinet approval will be taken up with all earnestness
 "Disinvestment will now gain a lot of momentum: Finance Minister Sitharaman")
FSDC deliberated on challenges in transition from Libor-based contracts
In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard
 "FSDC deliberated on challenges in transition from Libor-based contracts")
Budget will focus on infra to revive economic growth: FM Sitharaman
Recognising that this is an unusual year, borrowing has been kept at levels so that the government can quickly put the money back in projects, Sitharman said
 "Budget will focus on infra to revive economic growth: FM Sitharaman")
'Vibrant' Budget will push infra spend and ensure economic revival: FM
She also said the pace of disinvestment, which has been hit by the Covid-19 pandemic, will pick up in the coming months
 "'Vibrant' Budget will push infra spend and ensure economic revival: FM")
High-level FSDC deliberates on measures to accelerate growth momentum
The FSDC is the apex body of sectoral regulators, headed by the finance minister
 "High-level FSDC deliberates on measures to accelerate growth momentum")
India Inc seeks growth-oriented budget, higher health spend from FM
Says fiscal consolidation be pushed for later years or formulated from three-year perspective
FSDC meeting on Tuesday; to take stock of economy, financial sector
The meeting also comes ahead of the Union Budget for the next financial year
FM Sitharaman holds pre-Budget consultations with top industrialists
Sitharaman has concluded a comprehensive review of Aatma Nirbhar Bharat Package (ANBP) with the Secretaries of various Ministries/Departments
 "FM Sitharaman holds pre-Budget consultations with top industrialists")
FM Nirmala Sitharaman takes stock of schemes under Atmanirbhar Bharat
Public sector banks have approved purchase of portfolio of Rs 27,794 crore as of December 4, 2020
Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman
Banks sanctioned loans worth Rs 2 trillion to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector that was impacted by Covid, Sitharaman said
 "Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman")
Towards Budget 2021-22
The budget-making exercise offers golden opportunities despite challenges
 "Towards Budget 2021-22")
Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation
The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year
 "Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation")
Not worried about budget deficit as spending up to support economy: FM
The government will ensure that state-owned enterprises continue with capital expenditure, she said
Assocham seeks 200% tax deduction Covid-19 vaccine development expenditure
Industry body Assocham urged the Finance Ministry to allow 200 per cent deduction in tax computation for the expenditure on research and development of the Covid-19 vaccine in the Budget for 2021-22
 "Assocham seeks 200% tax deduction Covid-19 vaccine development expenditure")
Forget the alphabet jugglery, economic recovery is here to stay: FM
Debunks theory that recent upsurge was due to pent-up or festival demand, says food inflation is seasonal and will cool down
 "Forget the alphabet jugglery, economic recovery is here to stay: FM")
Farm reforms done after detailed consultations, not in a jiffy: Sitharaman
Sitharaman said that the agriculture ministry has gone through the process of talking to stakeholders and these are the things that have been in discussions for very long time
 "Farm reforms done after detailed consultations, not in a jiffy: Sitharaman")
Optimistic about revival in Q3, says FinMin in monthly economic review
FinMin said there were no fundamental or structural factors behind the GDP contraction
 "Optimistic about revival in Q3, says FinMin in monthly economic review")
India's next Budget to focus on boosting growth, says FM Sitharaman
With the world's second-highest cases of coronavirus despite a severe lockdown of its 1.3 billion people early on in the pandemic, India's economy is expected to contract nearly 10% in the 2020-21
A three-pronged strategy
Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues
 "A three-pronged strategy")
