Page 72 - Latest Updates on Nirmala Sitharaman
Fair treatment of offences
Govt's move on decriminalisation is welcome
 "Fair treatment of offences")
Finance Ministry releases Rs 6,195 cr revenue deficit grant to 14 states
The grant released includes Rs 1,276.91 crore to Kerala, Rs 638 crore to Punjab, and Rs 417.75 crore to West Bengal
 "Finance Ministry releases Rs 6,195 cr revenue deficit grant to 14 states")
Market Ahead, June 10: Top factors that could guide markets today
The SGX Nifty is indicating an open at around 10,100 mark for the broader index
 "Market Ahead, June 10: Top factors that could guide markets today")
Top headlines: IPO filings dry up, challenges for Maruti Suzuki, and more
From IBM dropping its facial recognition software, Irdai withdrawing its long-term covers on motor to FM telling banks to improve interest rate transmission, here are the top headlines on Wednesday
 "Top headlines: IPO filings dry up, challenges for Maruti Suzuki, and more")
FM Nirmala Sitharaman tells banks to improve interest rate transmission
The FM told bankers that interest rate transmission is not happening as expected
 "FM Nirmala Sitharaman tells banks to improve interest rate transmission")
FM holds review meeting on Rs 3 trillion credit guarantee scheme for MSMEs
The scheme is the biggest fiscal component of the Rs 20-million Self-Reliant India Mission package announced by Sitharaman last month
 "FM holds review meeting on Rs 3 trillion credit guarantee scheme for MSMEs")
Market Ahead, June 9: All you need to know before the opening bell
World Bank yesterday forecast a 3.2 per cent contraction in India's economy in FY21 because of the Covid-induced lockdown. It had earlier predicted 1.5-2.8 per cent growth
 "Market Ahead, June 9: All you need to know before the opening bell")
Will consider corporation tax rate benefit extension: FM Sitharaman
Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.
FM Sitharaman to review credit flow with public sector banks on Tuesday
She will take stock of the Emergency Credit Line Guarantee Scheme announced recently.
Private banks not implementing Rs 3 trn loan MSME scheme: RSS body to FM
Sitharaman had called Laghu Udyog Bharti general secretary Govind Lele to seek feedback on the implementation of Rs 3-trillion Emergency Credit Line Guarantee Scheme
Maxim of the fish: New MSME norms may not be a blessing for small business
Enhancing the investment and turnover limits for MSMEs was overdue, but the smaller units will have serious reservations
 "Maxim of the fish: New MSME norms may not be a blessing for small business")
CBIC to roll out pan-India faceless assessment by Dec 31, trial underway
The first phase would begin from June 8, 2020, at Bengaluru and Chennai, for items of imports primarily covered by Chapter 84, 85 of the Customs Tariff Act, 1975
 "CBIC to roll out pan-India faceless assessment by Dec 31, trial underway")
Banking to be a 'strategic sector', govt discussing privatising some PSBs
According to the new privatisation policy, announced by FM Sitharaman as part of the 'Atmanirbhar Bharat' package, the government will come up with a list of strategic sectors
 "Banking to be a 'strategic sector', govt discussing privatising some PSBs")
Looking beyond crises
Lack of strategic vision in the NDA has caused it to fail at economic management
 "Looking beyond crises")
'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian
Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon
 "'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian")
Covid-19 crisis: No new scheme for a year as govt tightens purse strings
New schemes, up to Rs 500 crore, which have already been appraised by the departments and ministries, would also be suspended in the current financial year.
Govt applies the brake on schemes outside the Rs 20 trillion package
Schemes that were given in-principle approval would also be suspended in this financial year
 "Govt applies the brake on schemes outside the Rs 20 trillion package")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
After mobile phone devices, phased manufacturing push for AC makers
Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.
 "After mobile phone devices, phased manufacturing push for AC makers")
Modifications in National Pension Scheme untenable: Finance Ministry
The response comes following a petition to the Prime Minister's Office (PMO) by Manjeet Singh Patel, president of Delhi unit of the NMOPS, seeking revival of old pension scheme
 "Modifications in National Pension Scheme untenable: Finance Ministry")
