Page 73 - Latest Updates on Nirmala Sitharaman
India staring at a GDP contraction of 10%, says former finance secretary
Lockdown 1 and 2 turned out to be extremely severe, though agriculture and government expenditure, which constitute about 25% of GVA, remained almost unaffected, writes Subhash Chandra Garg
 "India staring at a GDP contraction of 10%, says former finance secretary")
Best of BS Opinion: A brand new local world, G11 good for India, and more
Here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: A brand new local world, G11 good for India, and more")
Moody's cuts India's rating to 'Baa3', maintains negative outlook
The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks
 "Moody's cuts India's rating to 'Baa3', maintains negative outlook")
Back to February 28
Variation between revised and final Budget numbers has grown
 "Back to February 28")
Centre looks to EPFO, LIC, PSBs to raise funds through power bonds
PFC, REC will first issue bonds based on initial demand from states
 "Centre looks to EPFO, LIC, PSBs to raise funds through power bonds")
Covid-19: India GDP may contract by 2 per cent in FY21, says BoA Securities
The estimate has been arrived at with the assumption that the lockdown will extend till mid-July and a restart of the economy will get stretched to August
 "Covid-19: India GDP may contract by 2 per cent in FY21, says BoA Securities")
'Mission Begin Again': Mumbai remains shut while India begins to unlock
Maharashtra and Rajasthan turned out to be the outliers
 "'Mission Begin Again': Mumbai remains shut while India begins to unlock")
Covid-19 impact: LIC listing, IDBI Bank stake sale may be postponed
Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 had announced stake sale in LIC through an initial public offer in the current financial year
 "Covid-19 impact: LIC listing, IDBI Bank stake sale may be postponed")
Five ways to overhaul the rural jobs scheme
Five immediate steps are required to strengthen MGNREGS after the budget enhancement.
 "Five ways to overhaul the rural jobs scheme")
Why govt needs a fresh 20/20 vision for Budget 2020
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
 "Why govt needs a fresh 20/20 vision for Budget 2020")
One year of Modi 2.0: Article 370 to Ram temple, so far so good for govt
Its amendment of the Citizenship Act led to widespread countrywide protests in December, January, and February
 "One year of Modi 2.0: Article 370 to Ram temple, so far so good for govt")
A silent Surat: No orders, dormant looms and no diamond polishing
The final part of the series looks at how industries are waiting for demand to bounce back
 "A silent Surat: No orders, dormant looms and no diamond polishing")
Smell of a power struggle?
If the bribe-for-PPE-supply controversy in Himachal escalates, fanned helpfully by the Chief Minister and his supporters, the BJP could have a lot to lose
Market Ahead, May 29: All you need to know before the opening bell
Today, a total of 31 companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results
 "Market Ahead, May 29: All you need to know before the opening bell")
FM Sitharaman launches scheme for instant allotment of online PAN
In a statement, the Central Board of Direct Taxes (CBDT) said Finance Minister Nirmala Sitharaman on Thursday formally launched the facility.
 "FM Sitharaman launches scheme for instant allotment of online PAN")
Govt mulling more policy action for NBFCs, regulatory changes for markets
This comes after Finance Minister Nirmala Sitharaman interacted with country's top regulators at FSDX meeting on Thursday
 "Govt mulling more policy action for NBFCs, regulatory changes for markets")
FM Sitharaman chairs FSDC meeting, takes stock of economy amid Covid-19
Various measures to maintain financial stability in the context of COVID-19 have been reviewed, an official said after the meeting
 "FM Sitharaman chairs FSDC meeting, takes stock of economy amid Covid-19")
Govt extends Bharat Petroleum privatisation bid deadline to July 31
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
 "Govt extends Bharat Petroleum privatisation bid deadline to July 31")
High risk aversion of most lenders is astounding, says Bajaj Finserv CMD
Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj
 "High risk aversion of most lenders is astounding, says Bajaj Finserv CMD")
Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown
The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits despite govt announcing a Rs 3-trn package
 "Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown")
