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Tag: Sitharaman

17 Results

  • Tougher Course

    Tougher Course

    Politicians usually prefer policies where benefits are concentrated and costs are diffused famers‘ bills are an example of the opposite kind and in case the FM had so decided, the benefits extended to the poor were likely to fetch votes. But to her credit, she has steered clear of that wasteful trajectory, and in keeping with the government‘s philosophy, preferred the tougher course instead, by focussing on creating capacity in the economy through a massive boost in capital investment

    February 7, 2022
  • Budget 2022

    Budget 2022

    It would have been better if the Budget had focussed more on issues affecting the common man. For example, inflation and unemployment are not mentioned at all in the FM's Budget speech. Co-operative Societies have got some relief from tax in the Budget, but individuals and partnership firms continue to be taxed at double the rates of manufacturing companies. Expectations of the middle class regarding lower petrol prices, increased standard deduction, increased 80C limit etc. have all been belied

    February 4, 2022
  • Budget 2022

    Budget 2022

    With an Expenditure Tax applied to every bank/digital transaction, the tax net would stretch to practically everybody now that the bulk of the unbanked have been drawn into the net. If the expenditure tax is minuscule, say 0.001 per cent, it addresses the argument long offered by leftist economists that the rich should be taxed and not the poor. Taxation that even a poor man does not mind can still add up to a tidy sum

    January 25, 2022
  • Sitharaman announces several schemes in J&K

    Sitharaman announces several schemes in J&K

    The Finance Minister also announced a number of new schemes and initiatives for Jammu & Kashmir which included launch of Tejasvini and Hausala schemes of J&K Bank, Shikhar and Shikara schemes of Punjab National Bank (PNB) and SIDBI cluster development fund for Rs. 200 crore

    November 23, 2021
  • Equitable vax key to global economic revival: Sitharaman to G20 fellows

    Equitable vax key to global economic revival: Sitharaman to G20 fellows

    The finance minister emphasised that the centrality of climate justice based on the United Nations Framework Convention on Climate Change and principles of the Paris Agreement would be critical for taking forward discussions towards successful outcomes.

    October 14, 2021
  • Many districts lack banking presence despite high level of economic

    Many districts lack banking presence despite high level of economic

    Union Finance Minister Nirmala Sitharaman on Sunday said many districts in the country lack banking presence despite high level of economic activity.

    September 26, 2021
  • Switch to demand stimulation: Amit Mitra urges Sitharaman

    Switch to demand stimulation: Amit Mitra urges Sitharaman

    "I now return to the misplaced euphoria among your government’s spokespersons on the GDP/GVA (gross value added) growth in Quarter-1 of this financial year. I would like to point out that the growth of GVA in Quarter-1 of this year represents a shortfall to the tune of 7.79 per cent compared to Quarter 1 of 2019-20. Therefore, I would request you to restrain your spin doctors so that the reality is stated with utter objectivity,”

    September 12, 2021
  • Fiscal impact of stimulus measures to be around 0.25-0.6 pc of GDP in FY21, say experts

    Fiscal impact of stimulus measures to be around 0.25-0.6 pc of GDP in FY21, say experts

    The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.

    November 13, 2020
  • ‘Architect of GST’: FM Sitharaman remembers predecessor Arun Jaitley as she presents Budget 2020

    ‘Architect of GST’: FM Sitharaman remembers predecessor Arun Jaitley as she presents Budget 2020

    The minister described Jaitley as the 'architect of GST'.

    February 1, 2020
  • Need not to fear CBI, CVC, CAG, says Finance Minister Sitharaman to heads of PSBs

    Need not to fear CBI, CVC, CAG, says Finance Minister Sitharaman to heads of PSBs

    While investigating a fraud case, the agency shall be sensitive to the distinction between a bonafide decision and criminal involvement.

    December 28, 2019
  • ‘Nehru, Indira not behind destruction of economy,’ says Sena, slams FM for ‘childish’ onion remark

    ‘Nehru, Indira not behind destruction of economy,’ says Sena, slams FM for ‘childish’ onion remark

    In the party mouthpiece Saamana, Sena dubbed the Finance Minister Nirmala Sitharaman’s response to the escalating onion prices as ‘childish.’

    December 10, 2019
  • Signal of intent~II

    Signal of intent~II

    One important measure announced in the budget was the intention to tap the overseas money market for the first time for Government borrowing, with an eye to boost foreign institutional inflows.

    July 18, 2019
  • An economic vision

    An economic vision

    The obsessive security associated with Budget preparation, where dozens of Finance Ministry officials are sequestered in North Block days ahead of the presentation, has a huge downside in that there is no informed discussion on the proposed budgetary provisions. Unfortunately, budget proposals are finalised in the rarefied atmosphere of North Block, far removed from the persons and places for whose benefit the whole exercise is undertaken.

    July 8, 2019
  • Goa trade, industry give thumbs-up to Sitharaman’s budget

    Goa trade, industry give thumbs-up to Sitharaman’s budget

    The top official said that the focus on start-ups would give a boost to the nascent sector, while the announcement about recapitalisation of public sector banks would allow industry access to capital, which was hard to come by in recent years.

    July 5, 2019
  • Nirmala Sitharaman likely to hold pre-budget consultations from tomorrow

    Nirmala Sitharaman likely to hold pre-budget consultations from tomorrow

    Sitharaman, the first woman finance minister in post-Independence India, will present the first Budget of the Modi-II government on 5 July.

    June 9, 2019
  • Sitharaman in Port Blair to inaugurate Married Accommodation Project

    Sitharaman in Port Blair to inaugurate Married Accommodation Project

    Sitharaman will be interacting with troops and also inaugurating the second phase of MAP consisting of 868 dwelling units for troops of ANC at Brichgunj military station.

    January 14, 2019
  • In Kodagu, Sitharaman loses cool over her itinerary, protocol

    In Kodagu, Sitharaman loses cool over her itinerary, protocol

    Sitharaman lost her cool noting that she was only going by minute-by-minute programme drawn up for her visit and had been following the minister in-charge

    August 25, 2018