Union Finance Minister Nirmala Sitharaman and her team met President Ram Nath Kovind before presenting her third budget on Monday. She was accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry. “Finance Minister Nirmala Sitharaman, MoS Finance & Corporate Affairs Anurag Thakur, and senior officials of the Ministry of Finance, called on President Kovind at […]
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Union Budget: Nirmala Sitharaman reaches Ministry of Finance
Union Finance Minister Nirmala Sitharaman on Monday morning reached the Ministry of Finance in the North Block, ahead of presenting the Union Budget 2021-22 in the Parliament. MoS Finance and Corporate Affairs Anurag Thakur has also arrived at the Ministry of Finance. The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 […]
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Economic Survey: Indian economy on V-shaped recovery path post unlock
The Economic Survey 2020-21 tabled by Finance Minister Nirmala Sitharaman in the Parliament on Friday said the country’s economy after being gradually unlocked since June 2020 has experienced a V-shaped recovery. “Despite the hard-hitting economic shock created by the global pandemic, India is witnessing a V-shaped recovery with a stable macroeconomic situation aided by […]
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Union Finance Minister Sitharaman to table Economic Survey 2020-21 today
Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2020-21 in Parliament on Friday, two days before the Union Budget is presented during the budget session of Parliament. The Economic Survey, which is presented on the opening day of the budget session, provides a summary of the annual economic development across the country during the financial year. The annual […]
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Economic package will have multiplier effect, says FM Nirmala Sitharaman
Over five days, Union finance minister Nirmala Sitharaman announced the specific contours of a Rs 20 lakh crore economic package to help the Indian economy overcome the immediate crisis caused by the pandemic and the lockdown imposed to control its spread, as well as lay the foundations for a “self-reliant […]
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‘Several steps have been taken to battle Covid-19, Rs 15000 crore announced for states’: FM Sitharaman
Union Finance Minister Nirmala Sitharaman on Sunday said that the government has taken a number of steps in the healthcare sector to battle the Covid-19 pandemic. “Rs 15000 crore have been announced for states, essential items, testing labs and kits, along with rolling out of teleconsultation services, the launch of […]
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Finance Minister Nirmala Sitharaman to announce third tranche of Centre’s economic package at 4 pm today
Finance Minister Nirmala Sitharaman will hold a press conference at 4 pm today. This is going to be her third press briefing in as many days. Sitharaman has been announcing the tranches of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi. PM Modi had announced the […]
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One Ration Card, Minimum Wages: Finance Minister Relief for Migrants, Farmers
On Thursday Finance Minister Nirmala Sitharaman unveiled the second tranche of fiscal stimulus, emphasizing ‘one nation, one ration card. The second tranche detailed relief measures for the migrant workers, farmers, street vendors, and marginal traders. Introducing national portability cards under the ‘One Nation, One Ration Card’ scheme, Sitharaman said workers […]
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Free food grain supply for 8 crore migrants for next 2 months: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Thursday announced the second tranche of the Rs 20 lakh crore economic stimulus package focussing on migrants, street vendors, traders, self-employed people and small farmers. The minister announced free food grain supply to all migrants who are non–card holders amounting to an expenditure of Rs […]
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Jaishankar applauds Sitharaman’s ‘bold initiatives’, says ‘foreign policy begins at home’
External Affairs Minister S Jaishankar on Thursday lauded Finance Minister Nirmala Sitharaman’s announcements under government’s Rs 20 lakh crore stimulus package and described them as “bold initiatives”. “Foreign Policy begins at home. A strong economy allows our voice to be heard in the world. Applaud FM @nsitharaman’s bold initiatives under PM @narendramodi’s […]
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FM Nirmala Sitharaman to hold review meet with banks amid Covid-19 crisis
Finance minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the Covid-19 crisis. The meeting, to be held via video-conferencing, will also take stock […]
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Budget 2020: Nirmala Sitharaman’s second budget may have tax cuts, sops to spur growth
Union finance minister Nirmala Sitharaman will present her second budget on Saturday seeking to revive a sagging economy and spur consumer demand as she is expected to increase spending on infrastructure and cut taxes. Nirmala Sitharaman will be aiming to get growth back up with the economy staring at the worst pace of expansion recorded in […]
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Government may hike bank deposit insurance cover: Nirmala Sitharaman
The government is considering introducing legislations in the winter session of Parliament to raise the ₹1-lakh insurance cover limit for greater protection of depositors’ money in banks and regulate multi-state co-operative banks, and is reviewing ways to address concerns of distressed telecom operators, finance minister Nirmala Sitharaman said on Friday. […]