Page 69 - Latest Updates on Nirmala Sitharaman
FM emphasises on consensus-based solution for digital taxation at G-20 meet
The digital taxation assumed significance since the US launched an investigation against various countries including India for levying digital tax on its companies
 "FM emphasises on consensus-based solution for digital taxation at G-20 meet")
Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme
This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.
 "Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme")
Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months
Rajan cautioned that one should not mistake pent up consumption for normal consumption.
 "Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months")
Fasal Bima Yojana: FM stresses on need to release premium subsidy in time
She suggested that stringent follow-up should be done with states where subsidy is pending
Top headlines: Sachin Pilot threatens to walk out; two-wheeler sales rise
Top civil servants meet to discuss the government's revenues and the Congress government in Rajasthan faces dissent.
 "Top headlines: Sachin Pilot threatens to walk out; two-wheeler sales rise")
PMO, FinMin to discuss revenue position and ways to augment receipts
It is learnt that Chief Economic Advisor Krishnamurthy Subramanian will give a presentation to PMO officials
 "PMO, FinMin to discuss revenue position and ways to augment receipts")
Spending 50% of capex target by September: An uphill task for PSUs
Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.
 "Spending 50% of capex target by September: An uphill task for PSUs")
Ensure bankers' safety, take stern action against unruly: FinMin to states
Department of Financial Services asks for action against 'unruly behaviour' after at least two attacks on employees of state-owned banks.
 "Ensure bankers' safety, take stern action against unruly: FinMin to states")
Centre may disburse Rs 10,000 cr worth of loans in FY21 under agri fund
Loans up to Rs 2 crore will be provided to entrepreneurs at 3 per cent interest subvention for a period of seven years
 "Centre may disburse Rs 10,000 cr worth of loans in FY21 under agri fund")
Affordable housing to free foodgrains, Cabinet approves key announcements
The Cabinet also approved the Centre's increased contribution for both employees and employers share (to 12 per cent from 10 per cent) under the Employees' Provident Fund for another 3 months
 "Affordable housing to free foodgrains, Cabinet approves key announcements")
Free foodgrain scheme till November has got cabinet approval: Sitharaman
Garib Kalyan Yojana is projected to cost the government an additional expenditure of around Rs 1.4 trillion.
 "Free foodgrain scheme till November has got cabinet approval: Sitharaman")
Economic revival: FM asks PSUs to spend 50% of budgeted expenditure by H1
Expenditure by PSUs slows down in Q1, PSUs flagged off problems faced by them
 "Economic revival: FM asks PSUs to spend 50% of budgeted expenditure by H1")
Sovereign wealth funds to get tax relief on infrastructure bets: CBDT
CBDT notifies changes that will also apply to pension funds
 "Sovereign wealth funds to get tax relief on infrastructure bets: CBDT")
FM meets heads of 23 CPSEs, discusses need of timely capex for growth
The combined capex target of these 23 CPSEs for the year 2020-21 is Rs 1,65,510 crore
NBFC industry body writes to FM to include individuals under ECLGS scheme
Says more than 75% of customers take loans in their individual names as they do not have any business establishment or partnerships and are compelled to conduct their businesses in individual names
 "NBFC industry body writes to FM to include individuals under ECLGS scheme")
ECLGS: NBFC body seeks addition to list of individuals seeking assistance
FIDC said the assistance to eligible individual borrowers under ECLGS is just limited to loans given under MUDRA scheme
Racist, misogynist: Patra slams TMC MP for calling Sitharaman 'kali nagin'
Bharatiya Janata Party spokesperson Sambit Patra on Sunday slammed the TMC MP Kalyan Banerjee for calling Finance Minister Nirmala Sitharaman 'kali nagin' (venomous snake).
 "Racist, misogynist: Patra slams TMC MP for calling Sitharaman 'kali nagin'")
Remain unfazed when people present demands, Modi tells BJP workers
Modi offered this advice to party workers and leaders at a videoconference, 'seva hi sangathan', where he took stock of the assistance BJP workers provided to people during the countrywide lockdown
 "Remain unfazed when people present demands, Modi tells BJP workers")
Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey
While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.
 "Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey")
The missing policy
Decision on public sector enterprises should not be delayed
 "The missing policy")
