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  'Kind of system cleaning BJP govt did after assuming office in 2014 unbelievable': Sitharaman

  India | January 20, 2020 12:21 IST

  Union Finance Minister Nirmala Sitharaman has said the kind of cleaning in the system that the BJP-led government had to carry out after coming to power in 2014 was "unbelievable".

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  Union Budget to be presented on Feb 1, Parliament session to commence from Jan 31

  Business | January 09, 2020 10:53 IST

  Union Budget 2020-2021 will be presented by Finance Minister Nirmala Sitharaman on February 1 as the first phase of budget session will commence from January 31 and remain effective till February 11

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  Sitharaman says her name was inadvertently mentioned as head of GoM on IGST

  India | December 12, 2019 23:00 IST

  She said that while she was meeting states regarding GST compensation issue, "there was a confusion", that Nirmala Sitharaman has withdrawn from a GoM.

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  Govt taking steps to control onion prices: Sitharaman

  India | December 04, 2019 22:59 IST

  The Minister also told MPs the government has also decided to import to procure from the open market of countries with a surplus and from onion-growing regions. She further added steps are being taken for distribution of the onion through open mandis auction .

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  Direct tax collection up 5 per cent till November: Sitharaman

  Business | December 03, 2019 7:19 IST

  Sitharaman clarified that the objective to reduce corporate tax is only to attract investment, stimulate growth and also to create job opportunities.

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  Sitharaman doesn't know economics: Subramanian Swamy

  India | December 01, 2019 6:42 IST

  "What is the problem in the country today? Poor demand. Supply is not the problem. But what did she do? She relaxes taxes for corporates. Corporates are flushed with supply. They will just use it," Swamy said.

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  No recession in Indian economy: Nirmala Sitharaman

  India | November 27, 2019 21:49 IST

  "Every step being taken is in the interest of the country... looking at the economy with discerning view, you see that the growth may have come down, but its not a recession yet or it won't be recession ever," finance minister Nirmala Sitharaman said.

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  RCEP: 'Offer not as much as our aspirations', says Sitharaman

  Business | November 23, 2019 19:31 IST

  The government was making efforts to ensure more regulatory mechanism in the banking sector to benefit bank account-holders, she said in the context of the PMC Bank and IL&FS issues.

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  India still projected as fastest growing economy: FM Nirmala Sitharaman

  Business | November 18, 2019 16:48 IST

  In a written reply, Sitharaman said India's economic growth decelerated but its economy is still the fastest growing among G-20 nations and that the goal of $5 trillion economy will be achieved by 2025.

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  Will ensure J&K farmers get fair price on apples: FM

  India | November 12, 2019 18:34 IST

  Sitharaman asked NABARD chairman H S Bhanwala to visit Jammu & Kashmir and ensure that farmers there get fair value for premium crops such as apples, saffron, peaches and walnuts grown in the Valley and that the farm produce from the region reaches all parts of the country.

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  Nirmala Sitharaman takes crying kids in stride at official function

  India | November 08, 2019 15:24 IST

  The event was attended by the officers passing out as the 69th batch of IRS (Customs and Central Excise), along with their family members. The proceedings began and a few children in the audience were heard crying, while some talked on, even as the parents tried hard to calm them

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  Finance Minister reviews state of economy with RBI, other regulators

  Business | November 07, 2019 18:27 IST

  The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.

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  CBI moves SC seeking review of verdict granting bail to Chidambaram

  India | October 25, 2019 20:31 IST

  The top court had granted bail to Chidambaram in the case lodged by the CBI saying he is neither a "flight risk" nor is there a possibility of "his abscondence from the trial".

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  Finance Minister to meet CEOs of PSU banks on Monday

  Business | October 13, 2019 11:51 IST

  The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said.

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  Spoken to RBI guv, PMC bank customers' concerns will be addressed: FM

  Business | October 12, 2019 16:19 IST

  The bank was put under "directions" by the Reserve Bank of India (RBI) last month due to weak financial health, wherein the central bank has capped the deposit withdrawals at Rs 25,000.

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  7th Pay Commission: 11 lakh Railway employees to get 78 days of bonus

  Business | September 19, 2019 15:45 IST

  7th Pay Commission: In great news, Cabinet on Wednesday approves 78 days of bonus for Indian Railways employees, under 7th Pay Commission recommendation, said Union Minister Prakash Javadekar on Wednesday. According to reports, Rs 2024 crore will be spent on this exercise and around 11 lakh employees will be benefited.

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  Ball in Finance Minister's court over GST rate cut for automobiles: Nitin Gadkari

  India | September 11, 2019 19:56 IST

  The Road Transport and Highways Minister also said a scrappage policy, which also includes two-wheelers, is in the works and will be launched soon.  

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  Finance Minister to list govt actions in 100 days amid low macro stats

  India | September 10, 2019 13:28 IST

  She will address media on "Furthering Development -- 100 days of bold initiatives, decisive actions of the government".

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  What lower GDP means for you and me?

  Business | August 31, 2019 0:05 IST

  Illustrating the impact of lower GDP growth, R. Nagraj, professor of economics at Indira Gandhi Institute of Development Research, said that given per capita monthly income of Rs 10,534 in 2018-19, annual GDP growth of 5% means that the per capita income will go up by Rs 526 in FY20.

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  Government clarifies on FPI, experts say benefits limited

  Business | August 24, 2019 23:07 IST

  Tax experts said that the clarification has watered down the expected benefits of the government announcement and can make return-filing very complicated. One of them said that the structure is very "ridiculously worked out" as it makes things very complex.