Finance Minister
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'Transparent Taxation' platform will eases compliance burden, brings in fair objective: FM Nirmala Sitharaman
News | Aug 13, 2020, 02:27 PM ISTUnion Finance Minister, Nirmala Sitharaman at launch of platform for "Transparent Taxation-Honoring the Honest" said this new platform will ease compliance burden and brings in fair objective and adjust system.
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Govt to come out with strategic sectors list soon: FM Nirmala Sitharaman
Business | Aug 01, 2020, 03:37 PM ISTAs part of the 'Aatmanirbhar Bharat Abhiyan' package, the finance minister in May had announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
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FinMin proposes restriction on foreign investment in pension funds from China
Business | Jun 19, 2020, 11:31 PM ISTAmidst growing tension between India and China, the finance ministry on Friday proposed putting restrictions on foreign investment in pension funds from any of India's bordering countries.
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Rs 50000 crore allotted for 'Garib Kalyan Rojgar Abhiyaan' will be front-loaded: FM Sitharaman
News | Jun 18, 2020, 07:50 PM ISTIn the media brief, Union Finance Minister Nirmala Sitharaman informed that Rs 50,000 crore has been allotted for Garib Kalyan Rojgar Abhiyaan.
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Centre, state govts mapped skill sets of returnee migrant workers: FM Sitharaman
News | Jun 18, 2020, 07:49 PM ISTUnion Finance Minister Nirmala Sitharaman adderessed mediapersons ahead of launch of 'Garib Kalyan Rojgar Abhiyaan' by Prime Minister Narendra Modi.
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Sitharaman: Dealing with immediate employment of people who went back during lockdown | Updates
Business | Jun 18, 2020, 04:51 PM ISTFinance Minister Nirmala Sitharaman addressed press conference on Thursday about Garib Kalyan Rojgar Abhiyan, a scheme aimed at providing employment to migrant workers who went back during coronavirus lockdown.
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FM Sitaraman informs of comparing 'COVID-19 Economic Package' with packages of other countries
News | May 23, 2020, 07:31 PM ISTUnion Finance Minister Nirmala Sitaraman on the announcement of 'Economic Package' for COVID-19 pandemic said that a comparison was made of all announcements made by different countries to see what their package consisted of.
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Finance Minister Nirmala Sitharaman announces big relief for struggling firms
News | May 17, 2020, 01:55 PM ISTUnion Finance Minister Nirmala Sitharaman has announced that the government has taken steps to ensure easing of the insolvency procedures. Sitharaman also announced the government's move to decriminalise Companies Act defaults by dropping 7 compoundable offences altogether under the alternative framework.
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Nirmala Sitharaman press conference: Highlights
Business | May 15, 2020, 06:47 PM ISTFinance Minister Nirmala Sitharaman addressed a press conference on Friday to announce the third tranche of government's economic stimulus package.
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Rs 20 Lakh Crore Economic Package: Finance Minister unveils first instalment aimed at MSMEs, NBFCs
News | May 14, 2020, 10:58 AM ISTFinance minister Nirmala Sitharaman announced a host of measures aimed at helping ease the liquidity and financial concerns of India’s micro, small and medium enterprises, which have been hit hard by the COVID-19 lockdown.
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Here’s what Tech MSME’s have to say about Finance Minister's announcement
Technology | May 13, 2020, 08:38 PM ISTHere are the reactions of some of the Tech MSME’s on the Finance MinisterNirmala Sitharaman’s announcement she made on Wednesday.
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Nirmala Sitharaman press conference on economic package | Top announcements
Business | May 13, 2020, 06:19 PM ISTNirmala Sitharaman's press conference comes a day after Prime Minister Narendra Modi announced USD 265 billion fiscal stimulus to deal with COVID-19 situation in the country. The package is the second largest in Asia after Japan.
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FM Sitharaman's meeting with heads of public sector banks gets deferred
Business | May 11, 2020, 11:32 AM ISTThe review meeting of Finance Minister Nirmala Sitharaman with CEOs of public sector banks (PSBs) scheduled for Monday has been postponed.
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COVID-19: FM announces Rs 50 lakh insurance cover for doctors, paramedic, healthcare workers
News | Mar 26, 2020, 08:39 PM ISTFinance Minister Nirmala Sitharaman on March 26 announced Rs 50 lakh medical insurance cover per person for healthcare workers, sanitation workers, paramedics, doctors and nurses who are exposing themselves to the virus.
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20 cr women Jan Dhan Account holders to get Rs 500 per month for next 3 months: Sitharaman
Business | Mar 26, 2020, 03:16 PM ISTFinance Minister Sitharaman, as part of government's relief package amid COVID-19 lockdown in the country, announced that 20 crore women of Jan Dhan Account holders will get Rs 500 per month for the next three months to help them run their households.
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Govt to pay 24% Employees' Provident Fund for companies with less than 100 workers for next 3 months
Business | Mar 26, 2020, 03:13 PM ISTFinance Minister Sitharaman on Thursday announced that the government will pay the Employees' Provident Fund (EPF) contribution, both of employer and employee every month for the next three months, as part of COVID-19 relief package.
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The last date for the income tax return for the financial year 18-19 is extended to 30th June 2020
News | Mar 24, 2020, 04:57 PM ISTThe last date for the income tax return for the financial year 18-19 is extended to 30th June 2020. For delayed payments interest rate has been reduced from 12% to 9%: Union Finance Minister Nirmala Sitharaman
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Federal Bank to invest Rs 300 crore in Yes Bank
Business | Mar 14, 2020, 04:44 PM ISTFederal Bank on Saturday said it has committed to investing Rs 300 crore in beleaguered Yes Bank for subscription of its 30 crore shares. "The Bank has issued an Equity commitment Letter to invest Rs 300 crore in YES Bank Ltd for subscription of 30 crore equity shares of Yes Bank at a price of Rs 10 per Equity share," a regulatory filing said.
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Govt, RBI closely monitoring markets: Finance Minister
Business | Mar 13, 2020, 08:03 PM ISTFinance Minister Nirmala Sitharaman on Friday said the government as well as the RBI are "closely monitoring" the domestic and global stock markets, which are facing intense volatility amid mounting coronavirus fears.
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Yes Bank crisis: Nirmala Sitharaman assures employment, salaries for at least a year
News | Mar 06, 2020, 10:48 PM ISTFinance Minister Nirmala Sitharaman assured employment and salaries for at least one year at Yes Bank. "Our government is committed to ensure that depositors' interests are safeguarded.