Page 65 - Latest Updates on Nirmala Sitharaman
Centre has walked the talk on capex, shows official data
Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end
 "Centre has walked the talk on capex, shows official data")
Exporters may not get much help from RoDTEP
The government has restricted the allocation for MEIS benefits to Rs 5,000 crore for September-December period. In FY20, the Centre granted Rs 43,500 crore of MEIS benefits
 "Exporters may not get much help from RoDTEP")
No restrictions on filling up govt posts, says FinMin after notification
Any posts created after July 1 without the approval of the expenditure department will remain vacant if they haven't yet been filled, the memorandum said
 "No restrictions on filling up govt posts, says FinMin after notification")
India's commitment to reform being taken seriously by foreign investors: FM
Sitharaman said Aatmanirbhar Bharat would help India build on its strengths and become self-reliant
 "India's commitment to reform being taken seriously by foreign investors: FM")
Will take up GST cut demand with FM Sitharaman, PM Modi: Prakash Javadekar
Prakash Javadekar assured the automobile industry that he will take up the industry's demand for a cut in GST for the sector with the Finance Minister and the Prime Minister
 "Will take up GST cut demand with FM Sitharaman, PM Modi: Prakash Javadekar")
Top headlines: Softbank eyeing TikTok bid partner; FM's loan recast scheme
From the Supreme Court directing banks to not declare NPA to Kishore Biyani's next step post Future Retail sale, here are top business headlines this morning
 "Top headlines: Softbank eyeing TikTok bid partner; FM's loan recast scheme")
FM tells banks to frame loan recast scheme for all viable units by Sept 15
Lenders told to put in place FAQs on recast on their websites in multiple languages
 "FM tells banks to frame loan recast scheme for all viable units by Sept 15")
LIVE: India a country of political stability, policy continuity, says PM
Stay tuned with Business Standard for all latest news updates
 "LIVE: India a country of political stability, policy continuity, says PM")
FM to meet heads of banks, NBFCs to review loan recast scheme on Thursday
The Reserve Bank of India (RBI) last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA)
 "FM to meet heads of banks, NBFCs to review loan recast scheme on Thursday")
Why PM CARES trustees afraid to reveal names of donors, asks Chidambaram
Chidambaram tweeted: "The auditors of PM CARES FUND have confirmed that the Fund received Rs 3076 crore in just 5 days between March 26 and 31, 2020"
 "Why PM CARES trustees afraid to reveal names of donors, asks Chidambaram")
Kashmir industry body flags business concerns with Nirmala Sitharaman
The Kashmir Chamber of Commerce and Industry (KCCI) flagged concerns of the business community during an online conference with Union Finance Minister Nirmala Sitharaman
Centre, state finmin officials thrash out GST compensation gaps
The states were informed that if they take the option of borrowing Rs 97,000 crore under a special window, they will still get Rs 2.35 trillion minus Rs 97,000 crore from the compensation cess
 "Centre, state finmin officials thrash out GST compensation gaps")
Top headlines: FM to hold review meet; pharma focusing on OTC drugs
From govt asking ministeries to review staffer performance to likely SC verdict on telecom AGR dues, here are top headlines this morning
GST compensation row: FM's 'act of God' can be a nightmare for RBI
The government has invoked "act of God" for not paying its due to the states directly
 "GST compensation row: FM's 'act of God' can be a nightmare for RBI")
FM Sitharaman to hold review meeting with lenders on loan recast scheme
Most state-owned bank execs expect 5-7% of their loan books will require restructuring
 "FM Sitharaman to hold review meeting with lenders on loan recast scheme")
Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall
Meet today to outline strategy on compensation
 "Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall")
West Bengal rejects Centre's borrowing propositions to meet GST shortfall
Says will engage with other states to take collective steps
 "West Bengal rejects Centre's borrowing propositions to meet GST shortfall")
Govt writes to states, suggests borrowing options to meet GST shortfall
States could borrow via a special window centre will facilitate through the RBI or they may raise debt from the market, says finance ministry
 "Govt writes to states, suggests borrowing options to meet GST shortfall")
Will FM answer how to describe mismanagement of economy: Chidambaram
Sitharaman on Thursday said the economy had been hit by the pandemic, which is an 'Act of God', and it would see a contraction in the current fiscal
 "Will FM answer how to describe mismanagement of economy: Chidambaram")
Six yrs of Jan Dhan: Widening and deepening of financial inclusion in India
Deposits in bank accounts meant for the vulnerable now account for a higher share in overall demand deposits in Indian banks
 "Six yrs of Jan Dhan: Widening and deepening of financial inclusion in India")
