Page 86 - Latest Updates on Nirmala Sitharaman
PM Modi to discuss Covid-19 shutdown with Parliament floor leaders today
The meeting will take place amid intense pressure from the states to continue the nationwide 21-day lockdown in an effort to flatten the Covid-19 curve and keep number of cases at a minimum.
 "PM Modi to discuss Covid-19 shutdown with Parliament floor leaders today")
Ours is open-banking model of the times: PayNearby's founder & CEO Bajaj
PayNearby's managing director & chief executive officer plans to raise $50 million through equity dilution in what is inherently a 'people's business'
 "Ours is open-banking model of the times: PayNearby's founder & CEO Bajaj")
FinMin transfers Rs 17,287 crore to states to deal with coronavirus crisis
This comes a day after Prime Minister Narendra Modi held a videoconference with chief ministers on ways to tackle the escalating number of cases in the country
 "FinMin transfers Rs 17,287 crore to states to deal with coronavirus crisis")
Why KCR has started sounding desperate
All states face the problem of reordering their finances. But Telangana more than others because it has committed itself to a path from which it cannot swerve
FinMin releases Rs 17,287 cr to states to fight coronavirus pandemic
This includes Rs 6,195.08 crore on account of 'revenue deficit grant' under 15th Finance Commission recommendations to 14 states
 "FinMin releases Rs 17,287 cr to states to fight coronavirus pandemic")
Coronavirus impact: Amit Mitra writes to FM Sitharaman, demands GST dues
Other states also want immediate release of compensation
 "Coronavirus impact: Amit Mitra writes to FM Sitharaman, demands GST dues")
Has PR overridden governance?
One week into coronavirus lockdown, it is clear that thinking and planning began after PM Modi's momentous decision
Workers facing financial stress can withdraw 75% from EPF corpus: Know how
FM Nirmala Sitharaman on Mar 26 announced amendment in the EPFO regulation to allow employees withdraw up to 75% of their corpus as non-refundable advance, or 3 months' basic salary, whichever us less
 "Workers facing financial stress can withdraw 75% from EPF corpus: Know how")
Covid-19: Mallya asks FM to consider his offer to repay Kingfisher's dues
Mallya sought government help and said, "we are not sending employees home and paying the idle cost. Government has to help."
 "Covid-19: Mallya asks FM to consider his offer to repay Kingfisher's dues")
Handling of lockdown brings back DeMo memories: Economist Jean Dreze
Dreze was part of academicians and activists who recently wrote to the Centre about the situation of the migrant workers
 "Handling of lockdown brings back DeMo memories: Economist Jean Dreze")
Covid-19 crisis: Imposing a financial emergency can be useful
The key issue in a financial emergency is the provision for govt employees' salary cut
Industry calls for extended financial year due to coronavirus pandemic
The auditors cited issues such as physical verifications of inventories, fixed assets, balance confirmations, fair-value measurements, and going-concern assessments
Covid-19: Railways to donate Rs 151 cr to PM-CARES Fund, says Piyush Goyal
Prime Minister Narendra Modi is the chairman of the trust and its members include Defence minister, Home minister and Finance Minister
 "Covid-19: Railways to donate Rs 151 cr to PM-CARES Fund, says Piyush Goyal")
Keep banking channels up and running; maintain smooth cash withdrawals: FM
Banks are expected to witness a surge in transactions across channels next week, owing to salary payments to employees
No disruption in services, all branches to remain open: Bankers assure FM
During the call, she also instructed CEOs to ensure that all branches and ATMs remain open and continue operations
 "No disruption in services, all branches to remain open: Bankers assure FM")
Will speak to banks to facilitate cash flow amid lockdown: FM Sitharaman
The Finance Minister appreciated the service banks correspondents across the country and said that she will talk to states and request for no restrictions in their movements
Coronavirus pandemic: The strengths and weaknesses this crisis lays bare
While the PM has led from the front and states have deftly helped the affected, our poor healthcare infra and stretched fiscal situation have exposed some chinks in India's armour, writes T N Ninan
Deep Dive with AKB - How Coronavirus may spoil Budget 2020 maths
In this episode of DeepDiveWithAKB, Business Standard Editorial Director A K Bhattacharya examines if the numbers assumed in Budget 2020 are still relevant
 "Deep Dive with AKB - How Coronavirus may spoil Budget 2020 maths")
PMO asks ministers to file daily report on steps taken to curb virus impact
These ministers are instructed to work as a bridge between the Centre and the States, said a report
 "PMO asks ministers to file daily report on steps taken to curb virus impact")
RBI cuts repo, FM says slashed interest rate needs quick transmission
The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief, she added
 "RBI cuts repo, FM says slashed interest rate needs quick transmission")
