Page 70 - Latest Updates on Nirmala Sitharaman
Govt committed to reforms, make tax structure simple: FM on GST day
The finance minister asked taxmen to make life easier for MSMEs, particularly on GST front
 "Govt committed to reforms, make tax structure simple: FM on GST day")
Banks sanction over Rs 1 trn in loans to 300,000 MSMEs under credit scheme
The scheme is the biggest fiscal component of the Rs 20-trillion 'Aatmanirbhar Bharat Abhiyan' package
 "Banks sanction over Rs 1 trn in loans to 300,000 MSMEs under credit scheme")
Telcos seek refund of unutilised ITC, cut in spectrum charges, licence fee
In a letter to Finance Minister Nirmala Sitharaman, the Cellular Operators' Association of India (COAI) also made a plea for refund of the unutilised input tax credit immediately
 "Telcos seek refund of unutilised ITC, cut in spectrum charges, licence fee")
REC kicks off discom package with Rs 2,500 crore to Maharashtra
REC has sanctioned another Rs 3,300 crore for Andhra Pradesh, Rs 2,000 crore for Punjab and Rs 2,032 crore for Rajasthan.
 "REC kicks off discom package with Rs 2,500 crore to Maharashtra")
Top headlines: RBI's central board meet, Sebi relaxing pricing norms & more
From Indigo introducing 'Flexifare', Jio eyeing more share in B2C space, Vedanta moving closer to delisting, here are the top news on Friday morning
 "Top headlines: RBI's central board meet, Sebi relaxing pricing norms & more")
One-time loan recast for India Inc may come up at Friday's RBI board meet
The virtual meeting of the central board will be its first since the outbreak of Covid-19
 "One-time loan recast for India Inc may come up at Friday's RBI board meet")
Fair solution to rate transmission in the works: FM Nirmala Sitharaman
The finance minister told the industry it needed to introspect on how businesses are run and on Aatmanirbhar Bharat, for India to realise the full potential.
 "Fair solution to rate transmission in the works: FM Nirmala Sitharaman")
Govt in talks with RBI over one-time restructuring of loans: Sitharaman
The government will consider extending the Rs 3 trillion in emergency line of credit to include individual proprietors
Why are even Ganesha idols imported from China, asks FM Nirmala Sitharaman
She wondered if importing household products used everyday like a soap-box, plastic items or incense sticks used for pooja purposes would support self-reliance
Can GST Council borrow from market as compensation cess collections fall?
Since there is no precedent for a constitutional body to borrow, an alternative which has been discussed is for the Centre to borrow with the specific intention of making up the compensation shortfall
 "Can GST Council borrow from market as compensation cess collections fall?")
Nothing should threaten employees: FM after banker is assaulted in Surat
A short video went viral on Twitter on Tuesday which showed a person manhandling a female banker, following which #ShameSuratPolice started trending on the social media platform
Top headlines: GST Council meet, Trump may suspend H1B visas, and more
Business Standard brings to you a snapshot of events that made it to the headlines today
 "Top headlines: GST Council meet, Trump may suspend H1B visas, and more")
Rajnath leaves for Russia amid China row; to press for S-400 delivery
Singh is primarily visiting Russia to attend a grand military parade in Moscow on June 24 to mark the 75th anniversary of the Soviet victory over Germany in the Second World War.
 "Rajnath leaves for Russia amid China row; to press for S-400 delivery")
UP to bring ordinance to raise borrowing limit to 5% of state GDP
The state gets additional elbow of Rs 35,000 crore amid lockdown
 "UP to bring ordinance to raise borrowing limit to 5% of state GDP")
Covid-19 crisis: Indian economy's road to recovery still has long way to go
Agriculture was expected to be the only silver lining in the economy in the current financial year
 "Covid-19 crisis: Indian economy's road to recovery still has long way to go")
Three Life Insurance Corp unions urge govt not to divest stake in insurer
According to them, LIC today is managing assets in excess of Rs 32 trillion
 "Three Life Insurance Corp unions urge govt not to divest stake in insurer")
Covid-19: PM Modi launches 'Garib Kalyan Rojgar' scheme for migrant workers
Prime Minister launched the Rs 50,000 crore programme that brings together 25 different govt schemes under one umbrella via video-conferencing
 "Covid-19: PM Modi launches 'Garib Kalyan Rojgar' scheme for migrant workers")
Ladakh standoff: FinMin proposes restrictions on FDI in pension funds
The restriction would be applicable from the date of notification by the Government of India
PM to launch Garib Kalyan Rojgar Abhiyaan today to boost rural employment
The Prime Minister will flag off the Abhiyan from village Telihar in Bihar's Khagaria district via video-conferencing
 "PM to launch Garib Kalyan Rojgar Abhiyaan today to boost rural employment")
Will ensure banks pass on rate cuts to consumers: Sitharaman to India Inc
Last month, the RBI slashed the benchmark repurchase (repo) rate, the price at which banks borrow from the central bank, by 40 basis points to a historic low of 4%
 "Will ensure banks pass on rate cuts to consumers: Sitharaman to India Inc")
