Page 62 - Latest Updates on Nirmala Sitharaman
Stimulus 2.0: Govt measures too little too late; may not move the needle
Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale
 "Stimulus 2.0: Govt measures too little too late; may not move the needle")
Best of BS Opinion: Award for auctions, tech stocks are booming, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Award for auctions, tech stocks are booming, and more")
Fiscally restrained govt tries new formula to boost festive consumer spend
The government will also give interest-free 50-year loans to the States for capital expenditure of Rs 12,000 crore
 "Fiscally restrained govt tries new formula to boost festive consumer spend")
Stimulus 2.0: FM bets on demand gain for revival. Will the needle move?
The LTC tweak and festival advance will nudge government employees to spend Rs 36,000 crore extra this year
 "Stimulus 2.0: FM bets on demand gain for revival. Will the needle move?")
Stimulus 2.0: FM's booster to spur consumer spending, albeit marginally
Redirecting LTC to buy consumer goods a dampener for tourism, says industry
 "Stimulus 2.0: FM's booster to spur consumer spending, albeit marginally")
Higher capital expenditure could help states deal with projects: Experts
The central allocation of Rs 25,000 crore, in addition to Rs 4.13 trillion given in the Union Budget, would be provided to states for capital expenditure
 "Higher capital expenditure could help states deal with projects: Experts")
GST Council meet ends without reaching consensus on compensating states
This was the third meeting in a row that discussed compensation shortfall without a decision
 "GST Council meet ends without reaching consensus on compensating states")
No consensus on borrowing for shortfall in GST compensation cess, says FM
The GST Council meeting is underway. FM Nirmala Sitharaman is expected to address the media sooon
Top headlines: Govt announces Rs 73k cr stimulus, power returns to Mumbai
From Nirmala Sitharaman announcing schemes worth Rs 73,000 cr to boost consumer demand to FB appointing Sunil Abraham for tech policy, Business Standard brings you top headlines of the day
 "Top headlines: Govt announces Rs 73k cr stimulus, power returns to Mumbai")
Govt trains guns on boosting consumer & capital demand with Rs 73K cr push
The govt estimates that today's announcements will give a Rs 73,000 cr boost to demand in the economy in this financial year
 "Govt trains guns on boosting consumer & capital demand with Rs 73K cr push")
Central govt employees to get Rs 10,000 interest-free festival advance: FM
Finance Minister Nirmala Sitharaman said festival advance was discontinued from 6th Pay Commission for central government employees
 "Central govt employees to get Rs 10,000 interest-free festival advance: FM")
GST Council to discuss compensation issue for third time in a row on Monday
The projected total compensation shortfall in current fiscal stands at Rs 2.35 trillion
 "GST Council to discuss compensation issue for third time in a row on Monday")
Taxpayers have to show only FY19 transactions in annual GST return: FinMin
The ministry said certain representations have been received stating that certain tables in the auto populated GSTR-9 for the year 2018-19 also include the data for the financial year 2017-18
 "Taxpayers have to show only FY19 transactions in annual GST return: FinMin")
33 housing projects worth Rs 4,197 cr accorded final approval under SWAMIH
A total of 33 housing projects with an investment of Rs 4,197 crore have been accorded final approval under SWAMIH fund which will lead to the completion of 25,048 home units, FM Sitharaman said
 "33 housing projects worth Rs 4,197 cr accorded final approval under SWAMIH")
TCS makes buyback buzz but other Indian IT firms unlikely to follow suit
Buyback tax provision and steep valuations may deter companies still playing safe in the coronavirus pandemic, say analysts
 "TCS makes buyback buzz but other Indian IT firms unlikely to follow suit")
No question of withdrawing MSP, it is all rumour mongering, assures FM
Sitharaman says the recent agricultural reforms were designed for the welfare of farmers
 "No question of withdrawing MSP, it is all rumour mongering, assures FM")
Top headlines: TCS crosses Rs 10 trn m-cap; GST deadlock continues
From deadlock over GST compensation dominating council meeting to DoT looking for more spectrum to meet 5G demand, here are top headlines this morning
 "Top headlines: TCS crosses Rs 10 trn m-cap; GST deadlock continues")
Faltering federalism: GST Council meeting failure is not a good sign
States don't issue their own currency, and are by definition a more fragile borrowing construct than the Union. The final solution must reflect this asymmetry
 "Faltering federalism: GST Council meeting failure is not a good sign")
Oppn states object as Centre favours Option 1 at GST Council meet
After high drama at GST Council meet, FM Sitharaman agreed to reconvene to reach consensus
 "Oppn states object as Centre favours Option 1 at GST Council meet")
No breakthrough in GST compensation deadlock; next Council meet on Oct 12
About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead
 "No breakthrough in GST compensation deadlock; next Council meet on Oct 12")
