Finance Minister Nirmala Sitharaman Friday announced new corporate tax rates. To give some stimulus to the economy, Sitharaman announced that the tax rate for domestic companies was slashed to 22%. For new domestic manufacturing companies, it now stands at 15%.

Reserve Bank governor Shaktikanta Das Friday exuded confidence that second-quarter GDP numbers will be better than the previous one as the government has started spending again.

The government has decided to expand the scope of expenditure of profits by 2 per cent on Corporate Social Responsibility (CSR) on Friday. This will allow easy expense on incubators or research grants to various institutes which are engaged in promoting scientific research.

The govt on Friday slashed corporate tax rates for companies by almost 10 per cent to 25.17 per cent to bring them at par with Asian rivals, as it looked to boost demand and investments.

Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1.

The government on Thursday asked banks not to declare any stressed loan account of MSMEs as NPA till March 2020 and work on recasting their debt.

After the cabinet meeting on Wednesday, Sitharaman said vaping or e-cigarettes appear cool but a lot of health concerns had been raised against them.

The Government has issued an ordinance to ban e-cigarettes on Thursday. This will make the production, import, export, transport, sale or advertisement of such smoking devices an offence attracting jail term and fine. 

"Tomorrow's PSB meeting will take up some of the key issues which relate to passing of low cost of borrowing and NPA settlement, doorstep banking and also the merger execution strategies to be taken up by the merging and anchor banks to iron out glitches," a source said.

The Congress on Saturday alleged that Finance Minister Nirmala Sitharaman was "clueless" in dealing with the economic slowdown and termed the latest steps announced by her to boost the economy as "cosmetic" and "piecemeal".

Finance Minister Nirmala Sitharaman on Saturday announced revised priority sector lending (PSL) norms for exporters which will release an additional funding of Rs 36,000 crore to Rs 68,000 crore to them.

Finance Minister Nirmala Sitharaman on Saturday announced a new scheme -- Remission of Duties or Taxes on Export Product (RoDTEP) -- to incentivise exporters at an estimated cost of Rs 50,000 crore to the exchequer.  

Finance Minister Nirmala Sitharaman on Saturday said inflation is under control and there is a clear sign of revival of industrial production.  

Union Finance Minister Nirmala Sitharaman on Saturday addressed the media on crucial decisions of the Government of India.

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​Finance Minister Nirmala Sitharaman Tuesday said the slowdown in the automobile sector was due to many factors like the change in mindset of millennials,who now prefer taxi aggregators like OLA and UBER instead of committing for monthly installments to own a car.  

Sitharaman said the government has announced that it will spend Rs 100 lakh crore on infrastructure projects.

Nirmala Sitharaman has made a strong exception to Mamata Banerjee's alleged remark that Chandrayaan 2 was an attempt to divert attention from India's economic slowdown.  

Congress leader Priyanka Gandhi Vadra on Sunday attacked Finance Minister Nirmala Sitharaman for not acknowledging that there was a "slowdown", saying she needs to get over "politicking" about the state of the economy and come clean with the people of India.

"Absolutely, ill informed. I want to assure every union in everyone of these banks to please recall what I have said last Friday. When we spoke about amalgamation of banks I have very clearly underlined the fact that there shall not be one employee removed. Not at all", she told reporters here.