Tag: Nirmala Sitharaman
17 Results
-
Not by mergers alone
The danger of mergers is that instead of the strong banks lifting the weak, the weak ones may sink the strong. A mere freeze on lending by the worst banks was never a long-term solution. They could have been closed. Or, the bulk of dud loans of the whole banking system could have been transferred to a separate ‘bad bank‘, letting the system lend freely again.
September 17, 2019 -
‘Weird statements won’t lead to betterment of economy’: Yashwant Sinha
Sinha asked, "If companies like Ola and Uber caused a drop in passenger vehicle sales, then why there is a slowdown in sales of two-wheelers and trucks?"
September 15, 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 -
Bank officers to go on strike against mergers from Sept 25-27
The Centre had on August 30 announced four mega public sector bank mergers.
September 13, 2019 -
P Chidambaram ‘tweets’ from Tihar jail, says ‘deeply concerned about economy’
The Congress leader also thanked his followers for their support and said he was "amazed by the capacity of the poor to distinguish between justice and injustice."
September 11, 2019 -
Purported Pak dossier on Kashmir cites quotes by Rahul, Omar Abdullah; Sitharaman fumes
Union Finance Minister Nirmala Sitharaman lashed out at the Congress leader saying that his statements help Pakistan more than India.
September 10, 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 -
Govt sensitive towards slowdown in auto industry: Maruti Suzuki official
The auto sector presently suffers from a sales downturn due to several factors like high GST rates, farm distress, stagnant wages, and liquidity constraints. The sales slowdown has hit hard to the passenger vehicle manufacturers.
September 5, 2019 -
No plans to ban petrol, diesel vehicles, says Gadkari, assures crisis-hit auto industry of all possible help
The minister further said that just like the way GST on electric vehicles has been reduced to 5 per cent from 12 per cent, he would propose to the finance ministry to extend the same benefit to hybrids vehicles.
September 5, 2019 -
Economic woes
The promise of investing the larger entities (accounting for 56 per cent of the Indian banking industry) with enhanced capacity to increase credit and bigger risk appetite with bigger business portfolios and supporting them by injecting a combined Rs 55,250 crore into their capital makes for good optics.
September 3, 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 -
‘Clearing path for $5 trillion economy’: Nirmala Sitharaman announces 4 mega public sector bank mergers
With today's announcement, post consolidation, India will have 12 Public Sector Banks from 27 Public Sector Banks.
August 30, 2019 -
‘Govt adopting interventionist approach to revive growth’
CLSA said the sustained improvement in housing could drive economic growth revival.
August 29, 2019 -
National security necessary to make India $5 trillion economy: Amit Shah
His comments come days after Union Finance Minister Nirmala Sitharaman announced a host of decisions while undoing some previous decisions.
August 28, 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