Page 89 - Latest Updates on Nirmala Sitharaman
Unjust tirade: Need for soul searching on the state of Indian economy
If the KYC norms are not followed strictly, toxic accounts could creep into the system
 "Unjust tirade: Need for soul searching on the state of Indian economy")
The curious case of an upset FM and an apologetic banker
Who recorded the private meeting of bankers with the finance minister and made it public? For what?
 "The curious case of an upset FM and an apologetic banker")
Govt needs Rs 3.06 trillion in 20 days to meet direct tax target
The data showed that the government has collected 73.8 per cent of direct tax target as given in RE by March 10 and 88.71 per cent of indirect tax mop-up projection by February 29
 "Govt needs Rs 3.06 trillion in 20 days to meet direct tax target")
FM reaches out to CAs to promote Vivad se Vishwas scheme to resolve cases
Addressing CAs at an, Sitharaman said they should work hard to make the scheme successful
 "FM reaches out to CAs to promote Vivad se Vishwas scheme to resolve cases")
Vivad se Vishwas scheme: Settlement, a fact-intensive decision
From taxpayers' point of view, this scheme provides a good window of opportunity to reduce litigation and it must be evaluated positively.
FinMin may cut interest rates on small savings schemes for April-June qtr
The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme
 "FinMin may cut interest rates on small savings schemes for April-June qtr")
IDFC First Bank plans to invest Rs 250 crore in crisis-hit YES Bank
The authorised capital of Yes Bank has been increased to Rs 6,200 crore, Finance Minister Nirmala Sitharaman said on Friday.
 "IDFC First Bank plans to invest Rs 250 crore in crisis-hit YES Bank")
Mobile phones to get costlier as GST rate hiked to 18% from 12%
GST Council asks Infosys to fix GSTN glitches by July
 "Mobile phones to get costlier as GST rate hiked to 18% from 12%")
Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18
Three-year lock-in period for investors
 "Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18")
Roads and highways remain a rare bright spot in economic slowdown
But there have been some delays due to land acquisition and other issues
 "Roads and highways remain a rare bright spot in economic slowdown")
Yes Bank crisis: Federal Bank to invest Rs 300 cr for 300 mn shares
The Union Cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.
 "Yes Bank crisis: Federal Bank to invest Rs 300 cr for 300 mn shares")
Govt, RBI to take necessary steps, says Sitharaman on coronavirus impact
'We are conscious of the developments. Together with the RBI, we are monitoring and making sure where necessary, we take steps' Sitharaman said
 "Govt, RBI to take necessary steps, says Sitharaman on coronavirus impact")
No time for a stimulus
Covid-19 is not like the 2008 global financial crisis. It is a crisis of a very different sort. You can't spend your way out of it
YES Bank's Reconstruction Scheme: The story so far
Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue
 "YES Bank's Reconstruction Scheme: The story so far")
ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank
The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited
 "ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank")
Cabinet approves reconstruction scheme for cash-strapped YES Bank
The moratorium imposed on the bank will be lifted within three days after the notification is issued
 "Cabinet approves reconstruction scheme for cash-strapped YES Bank")
Govt hikes milling Copra MSP by Rs 439/qtl; ball Copra up by Rs 380/qtl
The new MSP for milling copra for 2020 season will be Rs 9,960 per quintal and that of ball copra Rs 10,300 per quintal
 "Govt hikes milling Copra MSP by Rs 439/qtl; ball Copra up by Rs 380/qtl")
Govt, RBI closely monitoring: FM on market volatility over Coronavirus
Together with the RBI, the government is closely monitoring markets, she said on the situation arising out of a panic spread of coronavirus pandemic.
 "Govt, RBI closely monitoring: FM on market volatility over Coronavirus")
Cabinet Highlight: YES Bank moratorium to be lifted within 3 days, says FM
Cabinet has cleared a draft resolution scheme for cash-starved YES Bank. Last week, the Reserve Bank of India (RBI) had announced a draft scheme of reconstruction for the lender. Follow LIVE UPDATES
 "Cabinet Highlight: YES Bank moratorium to be lifted within 3 days, says FM")
Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs
The FM met chief executives of public sector banks which are going to be merged from April 1
 "Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs")
