India well prepared to combat second wave of COVID-19: FinMin report
New Delhi, Apr 5 (PTI): Having successfully managed the first wave of the coronavirus pandemic, India is well prepared to combat the scourge of the second wave, the Finance Ministry”s monthly economic report More...
Centre withdraws interest rate cut order on PPF, other small saving schemes
New Delhi [India], April 1 (ANI): The Government of India withdrew the lowered rate of interest on Small Savings Schemes announced earlier, and now the rate of interest on these will remain unchanged as the last More...
Not all banks are going to be privatised, says Sitharaman amid nationwide bank strike
New Delhi [India], March 16 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday said that not all banks are going to be privatised, adding that the interests of workers of banks, which are likely to be privatised, More...
‘Will continue protest until government withdraws privatisation decision’, say bank employees
Hyderabad (Telangana) [India], March 16 (ANI): On the second day of their two-day national strike called by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, employees have said that More...
India’s inflation target band up for review – finance minister
New Delhi (Reuters): India’s inflation target band of 2%-6% is up for review as the five-year term for the current monetary policy framework draws to a close, Finance Minister Nirmala Sitharaman said on Thursday. Vendors More...
FM hits out at Cong for creating false narrative, says Budget for growth, pro-poor
New Delhi, Feb 12 (PTI) Finance Minister Nirmala Sitharaman on Friday reeled out pro-poor measures such as free ration and gas to hit out at Opposition parties for creating a “false narrative” of the More...
India budget aimed at boosting pandemic-hit economy
New Delhi (Reuters): Indian Finance Minister Nirmala Sitharaman on Monday unveiled the budget for fiscal 2021-22, that aims to shore up an economy badly-hit by the novel coronavirus pandemic. India’s Finance More...
India doubles healthcare spending, opens up insurance to more FDI to get growth back up
New Delhi (Reuters): India proposed doubling healthcare spending in an annual budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered More...
Time limit for reopening of I-T assessment halved to 3 yrs, serious fraud cases retained at 10 yrs
New Delhi, Feb 1 (PTI): Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment More...
Union Budget introduces Rs 64,180 cr scheme to upgrade healthcare infrastructure
New Delhi [India], February 1 (ANI): Finance Minister Nirmala Sitharaman on Monday announced a new Centre-sponsored scheme with an outlay of Rs 64,180 crore to boost healthcare infrastructure across the country More...