"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.

Employees of all public and private sector banks wore black badges to work as a mark of protest to the government's decision.

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.

Objective of the bank mergers is to make them global sized banks, Finance Minister Nirmala Sitharaman said. With these mergers, the number of PSBs will come down to 12 from 27 in 2017.

Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures for sectors such as auto, announced four new set of mergers -- Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation's second-largest lender; Canara Bank and Syndicate Bank will merge; Union Bank of India will amalgamate with Andhra Bank and Corporation Bank, and Indian Bank will merge with Allahabad Bank.

Finance Minister Nirmala Sitharaman Friday addressed a press conference, wherein she announced some major mergers of the public sector banks. Sitharaman also said loans above Rs 250 crores are being strictly monitored by specialised agencies.

Sitharaman hit out at the Congress for indulging in "huge corruption and scandals" to run the economy and said its tenure saw inflation touching double digits with skyrocketing prices.

This differential regime existed even prior to the 2019 Budget, the Central Board of Direct Taxes (CBDT) said, adding that it was, therefore, not the creation of the Finance (No 2) Act, 2019, or the announcement made by the Finance Ministry last week.

Rahul Gandhi had slammed the Central government Tuesday, over the record cash transfer by the Reserve Bank of India.