Page 67 - Latest Updates on Nirmala Sitharaman
RBI's payout unlikely to plug the huge govt revenue hole created by Covid
Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital
 "RBI's payout unlikely to plug the huge govt revenue hole created by Covid")
How Social Stock Exchange will help raise funds, regulate social sector
NPOs looking to raise funds will have to list themselves on the exchange, but to do so they will have to meet minimum standards of reporting
 "How Social Stock Exchange will help raise funds, regulate social sector")
Faceless tax scrutiny will ease compliance burden, increase fairness: FM
In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers
 "Faceless tax scrutiny will ease compliance burden, increase fairness: FM")
PM Modi announces charter for 'fair, courteous' tax collection
"With faceless assessment, the taxpayer is assured of fair, courteous and rational behavior. Taxpayers charter is also a big step in the country's development journey," PM said
 "PM Modi announces charter for 'fair, courteous' tax collection")
India's low per capita income worrying, needs to be looked at: Sitharaman
Addressing a talk on India - Today and Tomorrow, the finance minister said that dependency on agriculture in the post-pandemic world is one of India's strengths.
 "India's low per capita income worrying, needs to be looked at: Sitharaman")
PM Modi to launch 'transparent' scheme tomorrow to honour honest taxpayers
In the Budget, Finance Minister Nirmala Sitharaman had announced that CBDT will adopt a "taxpayer charter" which will ensure trust between a taxpayer and the administration
 "PM Modi to launch 'transparent' scheme tomorrow to honour honest taxpayers")
Centre releases Rs 6,195 cr in revenue deficit grant to 14 states
The Finance Commission provides a mechanism for the Centre to compensate for any revenue loss incurred by states, which is referred to as post devolution revenue deficit grant
 "Centre releases Rs 6,195 cr in revenue deficit grant to 14 states")
FM launches NIP online dashboard for info on infra projects across India
In the Budget speech of 2019-2020, Sitharaman had announced an outlay of Rs 100 trillion for infrastructure projects over the next 5 years
Happy at RBI's decision to bring start-ups under priority sector: FM
Sitharaman says govt will soon be coming with taxpayers charter of rights which was announced in the Budget
Taxpayers deserve better services, they are nation-builders: Sitharaman
There are only a few countries in the world, like Australia, the UK and US, where there is a Charter of Rights for the taxpayer, she said
 "Taxpayers deserve better services, they are nation-builders: Sitharaman")
Announced in Budget 2020, Kisan Rail to begin services from Friday
The train will reach Danapur at 6.45 pm on the next day, covering 1,519 km in 31.45 hours
 "Announced in Budget 2020, Kisan Rail to begin services from Friday")
RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative
Lenders allowed to provide a restructuring facility on some loans that were standard as on March 1 this year
 "RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative")
Moratorium extension fears, Covid tally spook investors; Sensex falls 1.8%
The Sensex ended at 36,940, down 667 points, or 1.8 per cent - the highest since July 14
 "Moratorium extension fears, Covid tally spook investors; Sensex falls 1.8%")
SBI economists pitch for sector-specific loan recast after moratorium ends
They said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mania" in many pockets
 "SBI economists pitch for sector-specific loan recast after moratorium ends")
Individuals to benefit as govt eases eligibility criteria for MSME credit
The Centre has also decided to include personal loans for business purposes under the scheme
 "Individuals to benefit as govt eases eligibility criteria for MSME credit")
Govt widens ambit of Rs 3 trn MSME credit scheme, doubles upper loan limit
The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore
GST Council to discuss legal opinion of AG on compensation: Sitharaman
Tthe Attorney General has opined that there is no obligation on the central government to pay the GST compensation shortfall to the states
 "GST Council to discuss legal opinion of AG on compensation: Sitharaman")
Govt to come out with list of strategic sectors soon: FM Sitharaman
She said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector
 "Govt to come out with list of strategic sectors soon: FM Sitharaman")
In talks with RBI to extend moratorium, restructure loans: FM Sitharaman
Says work on development institution on, will go for reciprocity in trading arrangements
Borrowing by states for GST compensation to be cost inefficient: Punjab FM
Attorney General K K Venugopal has suggested that the Council can recommend to the Centre to allow states to borrow on the strength of future receipts from the compensation fund
 "Borrowing by states for GST compensation to be cost inefficient: Punjab FM")
