Page 64 - Latest Updates on Nirmala Sitharaman
Garib Kalyan Rojgar not implemented in WB as it did not provide info: FM
FM Sitharaman said the Garib Kalyan Rojgar Abhiyaan was not implemented in West Bengal as the state did not provide any data regarding migrant workers who returned to their native places amid Covid-19
 "Garib Kalyan Rojgar not implemented in WB as it did not provide info: FM")
Insolvency against corp debtors, personal guarantors can go together: FM
Finance Minister Nirmala Sitharaman on Saturday said law provides for carrying out insolvency and bankruptcy proceedings against corporate debtors as well personal guarantors together
FM Sitharaman moves bill in RS to amend Insolvency and Bankruptcy Code
Nirmala Sitharaman moved the bill for the amendment of the Insolvency and Bankruptcy Code, 2016 in the Rajya Sabha
Most of additional budget spending for people-centric schemes: Sitharaman
Nirmala Sitharman said that the majority of the additional resources in the first batch of the Supplementary Demands for Grants would be spent on people-centric schemes amid the coronavirus pandemic
 "Most of additional budget spending for people-centric schemes: Sitharaman")
GST Council to take call on funding compensation shortfall: FM Sitharaman
Nirmala Sitharaman said GST Council will arrive at a common ground on ways to compensate states for loss of revenue
 "GST Council to take call on funding compensation shortfall: FM Sitharaman")
FM Sitharaman asks Asian Development Bank to step up lending to India
Sitharaman said India has the absorptive capacity to receive about $4 billion a year from sovereign operations, and about $1.5 billion annually from the private sector financing window
LS okays Rs 2.35 trn extra spending, bulk to be spent on public schemes
FM also said that probably for the first time the government has sought such a huge amount in the first batch of the supplementary demands for grants
 "LS okays Rs 2.35 trn extra spending, bulk to be spent on public schemes")
FM urges ADB to step up lending, private sector operations to ease poverty
India has the absorptive capacity to receive about USD 4 billion a year from sovereign operations and about USD 1.5 billion annually from the private sector financing window, Sitharaman said
 "FM urges ADB to step up lending, private sector operations to ease poverty")
Taxation bill not introduced in LS as finance minister not present
A bill to give effect to various compliance relief measures for taxpayers, including extending time limits for filing returns and linking PAN with Aadhaar, could not be introduced
FM listens to debate on banking bill from RS chamber, replies in LS chamber
She on Thursday sat through the nearly two-hour debate on Banking Regulation (Amendment) Bill, 2020 in Lok Sabha while being seated in the RS chamber due to the Covid-19 social distancing norms
Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod
The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019
FM presents 1st batch of supplementary demands; seeks additional Rs 2.3 trn
FM Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2.35 trillion, which include cash outgo of Rs 1.66 trillion, primarily to meet expenses for combating Covid-19
FM presents first supplementary demands; seeks additional Rs 2.35 trillion
This includes Rs 40,000 cr towards enhanced expenditure under MGNREGS
 "FM presents first supplementary demands; seeks additional Rs 2.35 trillion")
Centre releases Rs 6,195 crore to 14 states as devolution of taxes
Office of Union Finance Minister Nirmala Sitharaman in a tweet said that this would provide them with additional resources during the Covid-19 crisis
Privatising OFB: Defence ministry pushes ahead, workers push back
MoD announces appointment of consultants for corporatising Ordnance Factory Board; workers threaten indefinite strike from October 12
 "Privatising OFB: Defence ministry pushes ahead, workers push back")
Banks going to be catalysts of revival, says FM Nirmala Sitharaman
"At this stage, the catalysts for economic revival, the catalysts who have the pulse of every one of their customers, are banks," the finance minister said
Meghalaya CM requests Sitharaman for more bank branches in state
K Sangma on Wednesday met Union Finance Minister Nirmala Sitharaman in New Delhi and requested her to prioritise the setting up of new bank branches in rural areas
 "Meghalaya CM requests Sitharaman for more bank branches in state")
Sitharaman launches doorstep banking initiative by public sector banks
Finance Minister Nirmala Sitharaman on Wednesday launched a doorstep banking services initiative by public sector banks (PSBs) which will provide convenience to customers.
In absence of GST compensation, states may cut FY21 capex by Rs 3 trn: ICRA
The borrowing alternative offered by the Centre to make up for the shortfall in the promised compensation will lead to the states' fiscal deficits widening to 4.25 - 5.52 per cent
 "In absence of GST compensation, states may cut FY21 capex by Rs 3 trn: ICRA")
Banks going to be catalysts for economic revival, says FM Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said banks are going to be the catalysts for economic revival
