Tag: Finance Minister

Corporate tax may risk fiscal deficit target but sure is credit positive: Moody’s

Corporate tax reduction is credit positive for companies but increases the government's fiscal risks, global credit rating agency Moody's said on Saturday.

September 21, 2019

Sensex at 1,921 pts, post biggest 1-day gain in 10 yrs, Nifty settles at 11,274

The benchmark S&P BSE Sensex closed at 1,921 points or 5.32 per cent to settle at 38,014.62, the Nifty50 index ended at 11,274 levels, up 569 points or 5.32 per cent, with 44 out of 50 constituents advancing and 6 endings in the red.

September 20, 2019

Buyback tax may revive dozen of firms but IT sector may not have much to gain

In order to provide relief to listed companies which have already made a public announcement of buyback on or before July 5, 2019, it is provided that tax on buyback of shares in case of such companies shall not be charged : FM

September 20, 2019

Finance Minister Nirmala Sitharaman announces measures to promote growth in exports and housing sectors

In August, Sitharaman had announced the first set of such measures. This is the next round of sector specific initiatives.

September 14, 2019

Finance minister may release sops to revive economic slowdown

The Finance Minister has been meeting industry captains and economists across the nation to take a closer look at the economic situation.

September 14, 2019

Task-force report will decide Infra funding: Sitharaman

Consumption will increase when the government starts spending on infrastructure, according to the minister. The task force is in the process of identifying the infrastructure projects that are to be funded, as well as expedited.

September 10, 2019

Govt constitutes task force to identify Infra projects worth 100 lakh crore

The task force will comprise secretaries from different ministries, other senior officials and Niti Aayog CEO. It will identify technically feasible and financially or economically viable infrastructure projects that can be initiated in FY2019-20. This also lists the projects that can be included in the pipeline for each of the remaining five years between FY2021-25.

September 7, 2019

Board to soon consider amalgamation with OBC, United Bank: PNB

The bank has received a communication from the Ministry of Finance that the Alternative Mechanism (AM), after consultation with Reserve Bank of India (RBI), has decided that Punjab National Bank, Oriental Bank of Commerce (OBC) and United Bank of India may consider amalgamation, it said in a regulatory filing.

August 31, 2019

‘Govt adopting interventionist approach to revive growth’

CLSA said the sustained improvement in housing could drive economic growth revival.

August 29, 2019

INX Media case: Chidambaram’s legal team demands transcript of questioning session

Arguing on the line of questioning adopted by the investigating agencies, Chidambaram's lawyer said it appeared they were attempting to extract a confession from Chidambaram.

August 27, 2019

RBI to make Rs 1.76 lakh crore payout to Government

It's on the recommendation of an expert committee chaired by former Governor Bimal Jalan which is seen as a move to help stimulate low economic growth.

August 27, 2019

BJP leader Arun Jaitley’s ashes immersed in Ganga by his son Rohan

Union Human Resource Development Minister Ramesh Pokhriyal and Uttarakhand Chief Minister Trivendra Singh Rawat also accompanied Rohan Jaitley.

August 26, 2019

Arun Jaitley to be cremated at Nigambodh Ghat tomorrow; hundreds gather at his home to pay respects

Union Defence Minister Rajnath Singh will pay tributes to the former Finance Minister on behalf of Prime Minister Narendra Modi, who is on a three-nation tour.

August 24, 2019

I-T dept clarifies on FPI surcharge, experts say benefits limited

Sitharaman on Friday announced a series of decisions including the rollback of the controversial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Union Budget last month.

August 24, 2019

‘Lost a valued friend’: PM Modi mourns death of ‘political giant, towering intellectual’ Arun Jaitley

Arun Jaitley passed away on Saturday at 12:07 pm at the AIIMS, Delhi, weeks after he was admitted to the hospital after he complained of breathlessness and restlessness.

August 24, 2019

Cricket fraternity mourns passing away of Arun Jaitley

After the news was made official, the cricket fraternity is mourning the passing away of the former union minister.

August 24, 2019

‘Irreparable loss to nation’: PM, President, other leaders pay homage to BJP stalwart Arun Jaitley

Immediately after the news of the leader's demise, Prime Minister Narendra Modi spoke to Arun Jaitley’s wife and son and expressed his condolences.

August 24, 2019