Page 79 - Latest Updates on Nirmala Sitharaman
Economic stimulus includes Rs 8 trillion liquidity measures by RBI: FM
The stimulus totals to Rs 20.97 trillion, she said, adding this also comprises the Rs 1.92 trillion package of free foodgrain and cooking gas to poor
 "Economic stimulus includes Rs 8 trillion liquidity measures by RBI: FM")
Covid-19 stimulus: Centre allows states to borrow up to 5% of their GSDP
Revenue deficit grants of Rs 12,390 crore were given to states on time in April and May despite the Centre's stressed resources, FM Sitharaman said
 "Covid-19 stimulus: Centre allows states to borrow up to 5% of their GSDP")
Non-strategic PSUs to be privatised; MGNREGS to get additional Rs 40,000 cr
Borrowing limit of states has been raised from 3 per cent of Gross State Domestic Product to 5 per cent in 2020-21, the finance minister said
 "Non-strategic PSUs to be privatised; MGNREGS to get additional Rs 40,000 cr")
No fresh insolvency to be initiated for 1 year under IBC: FM Sitharaman
Minimum threshold to initiative insolvency proceeding has been raised to Rs 1 crore from Rs 100,000 to benefit MSMEs
 "No fresh insolvency to be initiated for 1 year under IBC: FM Sitharaman")
FM gives reforms pill for ailing economy with privatisation, policy tweaks
In the latest announcement, the government's focus was on structural reform in sectors such as coal, minerals, aviation, defence, aerospace, power, and social infrastructure
 "FM gives reforms pill for ailing economy with privatisation, policy tweaks")
Govt ends monopoly over coal; opens mining sector to private players
Joint auctions of bauxite and coal blocks expected to reduce dependence on imports
 "Govt ends monopoly over coal; opens mining sector to private players")
Power distribution business to be privatised in Union Territories
Union Territories directly come under the central government. Hence, the path to privatisation is easier
 "Power distribution business to be privatised in Union Territories")
Launch pad: Centre opens up space sector for private players to grow
Private players would be allowed to use the Indian Space Research Organisation's (ISRO) facilities to improve their competencies
 "Launch pad: Centre opens up space sector for private players to grow")
Untangling regulations: Defence on Make in India drive; FDI cap hiked
Measures include negative import list, corporatisation of ordnance factories
 "Untangling regulations: Defence on Make in India drive; FDI cap hiked")
FM's reforms fail to impress airlines bleeding in coronavirus lockdown
Industry representatives says measures are for long term but they need immediate help
 "FM's reforms fail to impress airlines bleeding in coronavirus lockdown")
Lockdown mints more than a million new stock traders across India
S&P BSE Sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks
 "Lockdown mints more than a million new stock traders across India")
FM's privatision proposals against national interest, says RSS ally BMS
Trade union says government didn't seek public opinion before announcing reforms for eight sectors
 "FM's privatision proposals against national interest, says RSS ally BMS")
Effective regulations and coherent policy essential for mining sector
The Ministry of Mines is now proposing a major shift in policy that can bring more than 700 mineral blocks into the auction mandate
 "Effective regulations and coherent policy essential for mining sector")
Key takeaways from FM Sitharaman's fourth tranche of the economic stimulus
The eight sectors in which reforms are to be introduced are coal, minerals, defence production, aviation, power discoms in UTs, space technology and atomic energy
Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg
He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances
 "Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg")
Coal reforms much needed, but statutory implementation hurdles remain
With the abundant inventory within India, there's a clear a need to reduce imports, especially thermal coal, imports of which were around 200 million tonnes last fiscal
 "Coal reforms much needed, but statutory implementation hurdles remain")
Sitharaman announces commercial mining of coal on revenue sharing basis
Sitharaman said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
 "Sitharaman announces commercial mining of coal on revenue sharing basis")
FM LIVE: Govt ends coal mining monopoly, allows pvt firms in space research
On Friday, the government unveiled 11 measures aimed at supporting agriculture and farmers including an impetus on the fisheries sector
 "FM LIVE: Govt ends coal mining monopoly, allows pvt firms in space research")
Stimulus 2.0: Reforms good, implementation a challenge, say food firms
The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.
 "Stimulus 2.0: Reforms good, implementation a challenge, say food firms")
Best of BS Opinion: Covid-19 big picture, migrant workers, and more
Here's a selection of Business Standard opinion pieces of the day
 "Best of BS Opinion: Covid-19 big picture, migrant workers, and more")
