Page 59 - Latest Updates on Nirmala Sitharaman
India needs hundreds more banks; their ownership is not the main point
While deciding on policy regarding ownership of banks, it would be good to remember that banking is a commercial activity and therefore can't have zero risk
 "India needs hundreds more banks; their ownership is not the main point")
While US, Europe rebound, India yet to find firm ground as economy shrinks
The new figures firmly ensconced India's position among the world's worst-performing major economies, despite expansive government spending designed to rescue the thousands of small businesses
 "While US, Europe rebound, India yet to find firm ground as economy shrinks")
Finmin asks PSU general insurers to cut flab, prune branch numbers: Sources
The finance ministry asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses
 "Finmin asks PSU general insurers to cut flab, prune branch numbers: Sources")
Top headlines: Lavasa to go for liquidation, Urban Company gears up for IPO
Lenders to Lavasa Corporation, a bankrupt hill city near Pune, have been left disappointed as none of the bidders for the company submitted a viable financial plan
 "Top headlines: Lavasa to go for liquidation, Urban Company gears up for IPO")
Centre planning mechanism to solve tax issues in real time: FM Sitharaman
The concept, if it becomes effective, will allow taxpayers an opportunity to settle issues by paying the tax due instead of going in for litigation.
 "Centre planning mechanism to solve tax issues in real time: FM Sitharaman")
Momentum of economic reforms will continue, FM assures industry
Finance Minister Nirmala Sitharaman was addressing the National MNC's Conference 2020 organised by the industry chamber CII
The country needs the rich too: Making a case for lower personal income tax
The forthcoming Budget, if it wants to rekindle growth on a sustained basis, must leave far more income in the hands of the rich and well-off than it does now
Covid-19 vaccine must be affordable and accessible: FM Nirmala Sitharaman
At a meeting of the finance ministers of G-20, she said further efforts should be made by members of the grouping to end the Covid-19 crisis.
 "Covid-19 vaccine must be affordable and accessible: FM Nirmala Sitharaman")
The fiscal balance
Govt will need to work on a consolidation plan
 "The fiscal balance")
Stimulus 3.0: Credit guarantee scheme recast a smart move
Critics may say it's postponing the inevitable, but considering the pros and cons, this is par for the course and the best part of Atmanirbhar Bharat 3.0 package
Cities with higher circle rates to gain from Sitharaman's new relaxation
While developers hail FM's announcement, they want the govt to exempt the entire interest paid on housing loan from income tax
 "Cities with higher circle rates to gain from Sitharaman's new relaxation")
Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction
The government is hoping that the green shoots visible in high-frequency data will further translate into a GDP uplift. And the latest measures - pragmatic and specific - will aid that
 "Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction")
FM's Diwali gift: Rs 1.2-trn stimulus package to boost growth, create jobs
This stimulus comprises production-linked incentives approved by the Cabinet on Wednesday for as many as 10 sectors
Top headlines: Rs 1.2-trn stimulus for growth, jobs; IIP grows 0.2% in Sept
From Rs 1.2-trn stimulus package to boost growth, create jobs to private equity players hoping to better 2019 investments, here are top headlines this morning
Best of BS Opinion: Maharajah's airs and graces, stimulus package & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Maharajah's airs and graces, stimulus package & more")
FM Sitharaman gives infrastructure sector Rs 16,200-crore liquidity shot
Apart from that, Rs 10,200 crore will be given as direct support for infrastructure creation
 "FM Sitharaman gives infrastructure sector Rs 16,200-crore liquidity shot")
In the right direction
The fresh stimulus package should help boost sentiment
Financial package continues govt's efforts to help all sections: PM
The measures that also include an additional fertiliser subsidy and the already announced production-linked incentive scheme for manufacturing units, totalled Rs 2.65 trillion
 "Financial package continues govt's efforts to help all sections: PM")
EXIM Bank to get Rs 3,000 crore for Lines of Credit for project exports
So far, 811 export contracts, aggregating to $10.50 billion are being financed under LoCs
 "EXIM Bank to get Rs 3,000 crore for Lines of Credit for project exports")
FM announces Rs 900 crore grant for coronavirus vaccine research
The grant does not cover the actual cost of vaccine and distribution expenses
 "FM announces Rs 900 crore grant for coronavirus vaccine research")
