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Finance minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are “coming back” to India” to face the law. Vijay Mallya, Nirav Modi, Mehul Choksi are all coming back to face law of the land, Sitharaman said in the Rajya Sabha while replying to a debate on the … Continue reading Mallya, Nirav & Choksi all coming back to face law: FM

Finance minister Nirmala Sitharaman on Tuesday said in the Rajya Sabha that fund under the Members of Parliament Local Area Development Scheme (MPLADS) for 2019-20 have been cleared.

Union finance minister Nirmala Sitharaman on Friday indicated the government will appeal against an arbitration panel asking India to return $1.4 billion to UK’s Cairn Energy Plc. When asked about a retrospective decision on Cairn Energy, Sitharaman said it is her “duty” to appeal in cases where the nation’s sovereign authority to tax is questioned.

Speaking at the virtual meeting of the G20 finance ministers and central bank governors, she said India’s domestic policies have been based broadly on supporting citizens through measures such as credit guarantees, direct transfers, food guarantees, economic stimulus packages and accelerating structural reforms.

Union finance minister Nirmala Sitharaman on Thursday said this year’s budget has negated the notion that welfare state is a socialist prerogative, and added that it has given a directional change to the Indian economy, wherein the government trusts wealth creators and citizens.

Finance Minister Nirmala Sitharaman on Tuesday explained the government’s priorities to the Reserve Bank of India’s (RBI) central board during their first meeting after presentation of the Union Budget 2021-22.

Finance minister Nirmala Sitharaman on Tuesday said the stock markets have received the Union Budget 2021-22 with “positivity” with an 11 per cent increase in equity indices over the past week.

Finance minister Nirmala Sitharaman on Monday said the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 per cent of the gross domestic product (GDP) for the current financial year.

Finance minister Nirmala Sitharaman on Thursday exuded confidence that the disinvestment calendar announced in the Union Budget will “work well”. Addressing members of industry chamber Ficci, she said the three large areas where the big-ticket expenditure will happen are infrastructure, health and agriculture.

The Agriculture Infrastructure and Development Cess (AIDC) was proposed on a small number of items. It will be imposed from Tuesday on customs duty levied on bullion, alcoholic beverages, coal and agri products ranging from apple to lentil.

The government on Monday said capital market watchdog Securities and Exchange Board of India (Sebi) will be the designated regulator for gold exchanges, which will infuse transparency in gold transactions. Further, warehousing development and regulatory authority will be strengthened to set up a commodity market ecosystem arrangement including vaulting, assaying and logistics.

Finance minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government’s Budget for the fiscal year beginning April 1, 2021. The Economic Survey 2020-21, authored by a team led by CEA Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well … Continue reading FM tables Economic Survey 2020-21 in Lok Sabha

Prime Minister Narendra Modi on Friday said finance minister Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020 and expressed confidence that the upcoming budget would also be seen as part of that series.

Traders’ body CAIT on Friday urged finance minister Nirmala Sitharaman to defer the implementation of Rule 86B in goods and services tax (GST), whereby businesses with over Rs 50 lakh monthly turnover will have to pay at least 1 per cent of their GST liability in cash, terming it a “counter productive” measure that will … Continue reading CAIT urges FM to defer rollout of Rule 86B in GST

Finance minister Nirmala Sitharaman on Friday emphasised the need for further efforts by the G-20 countries to end the Covid-19 crisis, and highlighted affordability as well as the accessibility of vaccines for all as a crucial step in this direction.

FM asks banks to promote RuPay cards

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Finance minister Nirmala Sitharaman on Tuesday asked banks to ensure that all accounts are linked with Aadhaar numbers of respective customers by March 31, 2021. She said the financial inclusion story is not over and banks still have inclusion to carry forward. There are many accounts which are not linked with Aadhaar.

A positive message is being conveyed by the spate of economic data pointing to a rebound, finance minister Nirmala Sitharaman said on Monday, but asserted that sustaining the numbers in the months ahead will lend certainty to the recovery.

DEA secretary Tarun Bajaj on Tuesday said that finance minister Nirmala Sitharaman will announce the next set of economic stimulus package soon and the government is looking at requests and comments received from the industry. Expecting further improvement in economy in coming months, the DEA secretary noted that uptick is much faster than anticipated by … Continue reading FM to announce next stimulus package soon: DEA secy

Finance minister Nirmala Sitharaman on Tuesday said that India’s GDP might be in negative zone or near zero in the current fiscal due the coronavirus pandemic. Speaking at the India Energy Forum of CERAWeek, she said that with unlock, the Indian economy has started showing signs of revival and by next year it will be … Continue reading GDP growth may be in negative zone this fiscal: FM

Finance minister Nirmala Sitharaman on Monday said the government has begun an exercise to assess the impact of the pandemic on the economy and likely contraction in GDP, even as she did not rule out the possibility of another stimulus to boost growth. “I have not closed the option for another stimulus,” she said at … Continue reading Haven’t ruled out possibility for another stimulus: FM

A day after the Centre agreed to borrow Rs 1.10 lakh crore on behalf of states for meeting GST shortfall, finance minister Nirmala Sitharaman on Friday reached out to all states explaining the contours of the special window.

Finance minister Nirmala Sitharaman on Thursday said V-shaped pattern of recovery is being seen in several high-frequency indicators, driven by various measures taken by the government to revive economic growth, hit hard by the outbreak of COVID-19 pandemic.

Union finance minister Nirmala Sitharaman said here on Wednesday that revival of the nations economy post-Covid lockdown was clearly visible and the indicators looked positive. “We are getting good positive marks from high frequency indicators. And, indicators from all states show a revival,” she pointed out.