Page 85 - Latest Updates on Nirmala Sitharaman
FinMin sanctions Rs 46,038 cr states' share in central taxes for April
The Budget had projected the share of the states in taxes at Rs 7.84 lakh crore for 2020-21.
 "FinMin sanctions Rs 46,038 cr states' share in central taxes for April")
Covid-19 impact: Travel, hospitality stare at revenue loss of Rs 5 trillion
With 40 million jobs at risk, the industry has sought a bailout package
 "Covid-19 impact: Travel, hospitality stare at revenue loss of Rs 5 trillion")
No pension cut to central govt employees: FinMin refutes news of 20% cut
"It is being reported that a 20 per cent cut in central government pensions is being planned. This news is false," the ministry tweeted.
 "No pension cut to central govt employees: FinMin refutes news of 20% cut")
Govt to provide additional relief, economic stimulus soon: FM Sitharaman
Sitharaman also assured the global community that India would continue to supply critical medicines to needy countries for the treatment of Covid-19 patients
 "Govt to provide additional relief, economic stimulus soon: FM Sitharaman")
RBI raises limit on ways and means advances, but states aren't impressed
Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.
 "RBI raises limit on ways and means advances, but states aren't impressed")
IMF needs to maintain global financial stability amid Covid-19: Sitharaman
Sitharaman, in her intervention, outlined various measures taken by India to deal with the health emergency
 "IMF needs to maintain global financial stability amid Covid-19: Sitharaman")
Coronavirus crisis: G-20 meeting of health, finance ministers soon
However, a senior government official said on condition of anonymity that the meeting could be held in a matter of few weeks, rather than months
 "Coronavirus crisis: G-20 meeting of health, finance ministers soon")
Covid-19 impact: Stimulus 2.0 ready as PM Modi, FM Sitharaman hold meeting
The upcoming package could be roughly similar in size to the Rs 1.7-trillion package
PM reviews coronavirus impact on economy; govt considers another stimulus
The prime minister had on April 14 extended the nationwide lockdown till May 3 to check the rapid spread of the respiratory illness
 "PM reviews coronavirus impact on economy; govt considers another stimulus")
India coronavirus dispatch: Role of financing in crisis control, recovery
From the role of finance in containing the fallout and supporting recovery, to halting rumours, and what epidemiologists actually do - read these and more in today's India dispatch
 "India coronavirus dispatch: Role of financing in crisis control, recovery")
Gave $3.9 bn in assistance to 320 million: FM Sitharaman at G20 meet
Sitharaman also said that the policy measures undertaken by the Government of India, RBI and other regulators have helped in de-freezing the market and catalysing credit flows.
Covid-19 crisis: PM, FM to finalise details of second stimulus package soon
The stimulus package is expected anytime this week and will again be aimed at the urban and rural poor; disadvantaged sections of society; MSME sector; and some of the worst-affected sectors
 "Covid-19 crisis: PM, FM to finalise details of second stimulus package soon")
G20 finance ministers to release global action plan to fight Covid-19
The action plan is likely to be released on the sidelines of a virtual Spring Meeting of International Monetary Fund
 "G20 finance ministers to release global action plan to fight Covid-19")
The Chakravyuh challenge
Exiting from the lockdown will be as tricky and challenging as imposing it
States want up to Rs 10-trn package from Centre, deficit financing from RBI
Last month, Union Finance Minister Nirmala Sitharaman had announced a Rs 1.70 trillion central package
 "States want up to Rs 10-trn package from Centre, deficit financing from RBI")
ADB pledges $2.2 bn to bolster India's health infrastructure, MSMEs
The ADB president on Friday called Finance Minister Nirmala Sitharaman to discuss the issue and assured support to India in its fight against the coronavirus disease
 "ADB pledges $2.2 bn to bolster India's health infrastructure, MSMEs")
Nasscom urges Centre to reimburse 'paid leave' to employees during lockdown
Nasscom requested the FM to allow expenses incurred by companies in enabling Work from Home (WFH) for its employees as an eligible business expense
 "Nasscom urges Centre to reimburse 'paid leave' to employees during lockdown")
ADB assures $2.2 bn support package to India to fight Covid-19 pandemic
The bank is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement
 "ADB assures $2.2 bn support package to India to fight Covid-19 pandemic")
Mitigating the bullying effects of power
To win in life, you don't require ambition for its own sake. Leaders need to think of humility as being in the service of ambition
Centre releases another Rs 34,000 cr GST compensation to states, more soon
States, so far, have been paid pending dues till November and the remaining will be cleared in phases soon
 "Centre releases another Rs 34,000 cr GST compensation to states, more soon")
