The National Monetisation Pipeline (NMP) comprises a four-year pipeline of the Central Government's brownfield infrastructure assets. Besides providing visibility to investors, NMP will also serve as a medium-term roadmap for the Asset Monetisation initiative of the government, said an official statement.
Finance Minister Nirmala Sitharaman on Tuesday said there should be complete trust between the industry and the government to sustain growth amid the COVID-19 situation.
Union 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.
Union Finance Minister Nirmala Sitharaman has announced that the government has taken steps to ensure easing of insolvency procedures. Moving further to Decriminalise Companies Act defaults, the government has dropped 7 compoundable offences altogether
Sitharaman clarified that the objective to reduce corporate tax is only to attract investment, stimulate growth and also to create job opportunities.
In a written reply, Sitharaman said India's economic growth decelerated but its economy is still the fastest growing among G-20 nations and that the goal of $5 trillion economy will be achieved by 2025.
The reactions came as the government on Friday slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate to 17.01 per cent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs.
In a major relief to foreign portfolio investors, FM Nirmala Sitharaman said Super-rich tax will not apply on capital gains arising from sale of any security including derivatives in hands of FPIs.
All India Bank Employees' Association (AIBEA) General Secretary C.H. Venkatachalam told IANS that the UFBU has decided to a national dharna before Parliament on Sep 20 at 10.30 a.m.
She will address media on "Furthering Development -- 100 days of bold initiatives, decisive actions of the government".
Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank.
"We must endeavour to make this refund drive a grand success," CBIC Chairman Pranab K. Das wrote to tax officers across the country.
Addressing a press conference at the party headquarters, Congress leader Anand Sharma said: "India is in a deep financial crisis. The economy is in shambles. All indicators of development are low. And India's GDP is continuously falling."
This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime. Consumer spending has slowed, private investment hit a bump, the auto sector is facing the worst crisis in two decades leading to tens of thousands of job losses, real estate sector has seen piling of unsold inventories and fast-moving consumers goods (FMCG) companies have seen a decline in volume growth.
Finance Minister, Nirmala Sitaraman in Budget 2019 said that there is a need to create skilled professionals in the New-Age technology that is fast changing the business landscape for both big and small enterprises.
The NDA government would on July 5 unveil the full Budget for 2019-20. On February 1, the government had presented an Interim Budget to take Parliament nod for spending till the new government takes charge after the general elections.
Defence Minister Nirmala Sitharaman Thursday described Rajiv Gandhi a martyr and said though the BJP respects him, that doesn't mean it won't talk about the "misrule and corruption" of his government.
Defence Minister Nirmala Sitharaman, addresses the conclave of Defence Attaches deployed across the globe
Both India and China should respect each other and resolve issues through dialogues and join hands together for peace and prosperity, Sitharaman said.
Appearing in “Aap Ki Adalat” show of India TV Chairman and Editor-in-Chief Rajat Sharma, Nirmala Sitharaman said that the army was on top, and in control of the situation at the Line of Control in Kashmir.
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