​In order to provide more take-home salary for employees, the Employees' Provident Fund (EPF) contribution has been reduced for businesses and workers for three months, amounting to liquidity support of Rs 6750 crores, Union Finance Nirmala Sitharaman announced today.

​Union Finance Minister Nirmala Sitharaman today announced that global tenders will be disallowed in government procurement up to Rs 200 crores. Sitharaman said Indian MSMEs and other companies have often faced unfair competition from foreign companies.

Nirmala 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.

The Rs 20 lakh crore package announced by Prime Minister Narendra Modi may have something for the tax-paying middle class as well, Finance Minister Nirmala Sitharaman indicated in her tweet.

Finance Minister Nirmala Sitharaman will address a press conference at 4 PM today. Sitharaman is likely to provide the breakup of Rs 20 lakh crore economic package which was announced by Prime Minister Narendra Modi on Tuesday.

Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 5.95 lakh crore in just over two months, between March 1 and May 8, to over 46.74 lakh accounts. The borrowers for the sanctioned loans include MSMEs, retailers, farmers and corporate sectors.

The Finance Ministry on Monday released Rs 6,195 crore revenue deficit grant to 14 states to enhance their resources during COVID-19 crisis.

Seeking immediate support for the Indian economy hit by COVID-19, industry body Ficci said an additional fiscal support of Rs 4.5 lakh crore is required at the current juncture besides a quick release of Rs 2.5 lakh crore stuck in refunds and other government payments.

The review meeting of Finance Minister Nirmala Sitharaman with CEOs of public sector banks (PSBs) scheduled for Monday has been postponed.

Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues.

Amid the nationwide lockdown due to coronavirus pandemic, several rumours regarding pension cut have created panic among pensioners. Reports claimed that the central government has cut pensions by 20% in an effort to conserve cash during the lockdown surfaced on several social media platform.

Goods and Services Tax (GST) revenue in March stood at Rs 97,597 crore, lower than over Rs 1.05 lakh crore collected in February. Of the total Rs 97,597 crore revenue, the central GST stood at Rs 19,183 crore, state GST at Rs 25,601 crore and integrated GST at Rs 44,508 crore.

As novel coronavirus pandemic that has impacted our economy, there was a dilemma if the merger would be postponed for some time or not , the Reserve Bank of India cleared the air that the merger of 10 PSUs will still take place on the set date i.e. April 1, 2020.

Union Finance Minister Nirmala Sitharaman has contributed Rs 1 crore from her MPLAD funds in the ongoing battle against coronavirus in India.

The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear. 

Equity benchmark Sensex was trading over 1,000 points higher in afternoon session on Wednesday after Finance Minister Nirmala Sitharaman announced a stimulus package worth Rs 1.70 lakh crore to cushion the impact of the lockdown in wake of COVID-19 pandemic.

Finance Minister Nirmala Sitharaman on Thursday announced to double collateral-free loans to Rs 20 lakh for Self Help women groups that would benefit 7 crore households.

Announcing the coronavirus relief measures amid the COVID-19 outbreak, Finance Minister Nirmala Sitharaman said that government would pay EPF contribution both of the employer and employee for the next three months; 24 per cent contribution in total.

Finance 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.

Making a big announcement amid coronavirus pandemic, Finance Minister Nirmala Sitharaman on Thursday said Ujjwala beneficiaries will get free LPG cylinders in next 3 months, which will benefit 8.3 crore BPL families. Sitharaman's press briefing comes amid the 21-day lockdown in the country in the wake of COVID-19 outbreak.