Finance 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.
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.
The 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
Federal 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.
Finance 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.
Finance 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.
A bill providing opportunity to taxpayers to settle disputes by paying just due taxes with complete waiver of interest and penalty by March 31 was passed by the Lok Sabha amid din on Wednesday.
Cabinet approved Companies (Second Amendment) Bill, 2019. While addressing the press conference, Union Finance Minister Nirmala Sitharaman said, "Cabinet approves Companies (Second Amendment) Bill, 2019. Bill removes criminality under the Act. This Bill further ease of living for law-abiding corporates and de-clogs the criminal justice system in the country." The 72 changes in the Companies Act have also been approved.
Finance Minister Nirmala Sitharaman on Sunday asked civil accounts officers to focus on bringing in more efficient and adaptive technologies to further smoothen the working of the Public Financial Management System (PFMS).
With an eye on the assembly elections in 2022, Punjab Finance Minister Manpreet Badal on Friday presented a populist but deficit Rs 1.54 lakh-crore budget for 2020-21.
Finance Minister Nirmala Sitharaman on Sunday said the idea behind introducing second alternative tax slabs sans exemptions is to take the country towards "a simplified, exemption-free and reduced rate of tax regime.
Union Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das arrived to attend RBI Central Board of Directors' customary post-budget meeting.
A day after Finance Minister Nirmala Sitharaman said economic growth was rebounding, government data on Wednesday showed that industrial output contracted by 0.3 per cent in December while retail inflation jumped to a 68-month high of 7.59 per cent in January on high food prices.
Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoot are visible with the country moving towards a USD 5 trillion economy .
Finance Minister Nirmala Sitharaman on Sunday said that the foundation for achieving the goal of USD 5 trillion economy by 2024-25 has been laid in the union budget which stressed on increasing capital expenditure for infrastructure.
Kerala Finance Minister, Thomas Isaac, claimed that there has been 7.2% GDP growth average in between 2016-17 to 2018-19 in the state, higher than the national average of 6.9% in the same period.
NITI Aayog Vice Chairman Rajiv Kumar on February 01showed his satisfaction of the Union Budget 2020 which was presented by Finance Minister Nirmala Sitharaman.
While addressing a press conference, Union Revenue Secretary, Ajay Bhushan informed that under the new tax regime government has removed 70 exemptions.
Union Finance Minister Nirmala Sitharaman gave her longest speech on Budget 2020 in the parliament explaining and clarifying every nook and cranny of the Union Budget.
Government allocated Rupees 4,400 crores for clean air initiatives in Union Budget 2020. "Clean air is a matter of concern in large cities, propose to encourage states to formulate and implement plans to ensure clean air. Allocation for this purpose is Rs 4,400 crores," said Nirmala Sitharaman while presenting the Union Budget 2020. FM said government will stick to commitments of Paris Climate Accord.
Top News
Latest News
