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Rahul Gandhi lashes out at PM Modi, Shah and Nirmala Sitharaman

Gandhi did not spare Home minister Amit Shah and Finance minister Nirmala Sitharaman either and took potshots at them during his hectic tour of the Wayanad Lok Sabha constituency, which he represents. He lashed out at Sitharaman, saying she was "incompetent", not aware of what was happening around her and had the "arrogance" to say she does not eat onions or garlic.

While trade war between US & China escalated, couldn't have waited to slash corporate tax: Nirmala Sitharaman

FM Sitharaman had in September announced corporate tax rate cut from an effective 35% (including surcharges and cesses) to an effective 25.17% while the rate for new manufacturing companies reduced to 15% from 25%.

FM Nirmala Sitharaman’s onion faux pas: Here’s what she said in Parliament

Speaking in Lok Sabha, the Finance Minister yesterday said that she doesn't eat much of onion or garlic and hails from a family where these two vegetables are not much in use. Under attack for her comment in Parliament Union Finance Minister Nirmala Sitharaman on Thursday said that her remark was taken "out of context."FM Nirmala Sitharaman’s onion faux pas: Here’s what she said in Parliament

Govt taking adequate measures to control onion prices: FM Nirmala Sitharaman

Nirmala Sitharaman said there are several structural issues related to storage of onions and the government is trying to address them. Steps taken by the government to check rising prices of onion include ban on exports, imposition of stock limit, and import and transfer of onions from surplus to deficit areas, FM said.

Government open to further reforms: Nirmala Sitharaman

"I only can invite and assure that the Government of India is committed for further reforms in various sectors whether it is banking, mining or insurance and so on," Finance Minister Nirmala Sitharaman said. She invited Swedish firms to invest in infrastructure development projects. India plans to invest about Rs 1 lakh crore in infrastructure sector in the next five years.

Will consider suggestions for personal I-T cut: Finance minister Nirmala Sitharaman

Her comments on personal income tax rates came in response to a question from TMC member Saugata Roy during a discussion in Lok Sabha where she was piloting the bill to amend corporate tax rates. She said she valued everybody who earned their living, paid their tax and took care of their family and business. “So, personal income tax will be considered for its merit.

Gross direct tax collection rises by 5% till November: Nirmala Sitharaman

Replying to a barrage of criticism, she said "I have been told that I am the worst Finance Minister, they're not even waiting for me to finish my term. I told them that please give me more ideas, we will work on it. If there's a govt that listens, it is PM Modi's government."

SBICAP Ventures achieves first closure of govt’s last-mile fund for stuck projects

Special Window for Affordable and Mid-Income Housing Fund (SWAMIH) Investment Fund.

Tehseen Poonawalla stages solo protest outside Parliament Complex over soaring onion price, whisked away by cops

As he was protesting in the media parking at Vijay Chowk, policemen surrounded him and took him to Jantar Mantar as mediapersons jostled to capture the development.

Onion ships coming next week, Amit Shah told

Earlier, finance minister Nirmala Sitharaman informed Parliament that the government has taken steps to rein in onion prices and has initiated steps to improve technology for its better storage. On Thursday, opposition parties staged a protest over the rising onion prices in the Parliament premises.

#SayItLikeNirmalaTai trends on Twitter after Finance Minister says she doesn’t eat onions, leaves netizens in splits

Nirmala Tai’s statement brought tears to the eyes of many.

Congress protests at Parliament premises over rising onion prices

Holding banners and shouting slogans demanding that the government reduce the prices and "stop harassing" the poor, the Congress MPs protested with a basket full of onions.

Yes to business, no to free rides: Amit Shah, Nirmala Sitharaman & Piyush Goyal at ET Awards 2019

Many indicators on the ground show that things should start to improve from this quarter, say ministers even as they express willingness to address structural issues to attract investment, but not at the cost of domestic retail.

NCLAT directs ED to file final affidavit in BPSL assets attachment matter

A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya also asked the ED to clarify about its role after the attachment of assets of Bhushan Power and Steel Ltd (BPSL). The NCLAT has directed to list the matter on December 12 for the next hearing. The appellate tribunal was hearing a batch of petitions, against the attachment of BPSL assets.

Centre pushes for eNAM in states without APMCs

Nirmala Sitharaman recently asked states to scrap APMCs and join eNAM to help farmers get better price realisation of their produce. APMC is a marketing board meant to moderate prices and prevent big traders from exploiting farmers. Officials said business transactions are growing and more than 150 commodities are being traded on the electronic platform.

12 global companies evinced interest to shift base from China to India: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said about 12 global companies have evinced interest to shift their base from China to India, taking advantage of competitive tax rate of 15 per cent announced recently.

The 6-0 unanimity shock that foxed financial markets

The unanimity reflects that MPC is more wedded to its mandate of keeping inflation at 4%.

ET Explains: Inside RBI's plan to avert PMC Bank-like embarrassments

New policy measures were announced on Thursday to strengthen the regulatory framework at the UCBs.

Congress leader expresses regret over 'nirbala' remark against FM Sitharaman

Congress leader in Lok Sabha Adhir Ranjan Chowdhury expressed regret in the House on Wednesday over his "nirbala" remark on Finance Minister Nirmala Sitharaman and described her as his sister.

India's first debt ETF is here! Retail investors can now bet on bonds

ETF's are expected to deepen the bond market and bring in retail participation.

States demand pending GST compensation

Finance ministers of Delhi, Punjab, Puducherry and MP, and representatives of Kerala, Rajasthan, Chhattisgarh and West Bengal met Nirmala Sitharaman and said the delay in GST compensation transfer has put them in an acute financial position. MP commercial tax minister Brajendra Singh Rathore said the Centre owes nearly Rs 3,000 crore to the state for August-November.

Cabinet approves launch of Bharat Bond ETF

Bharat Bond ETF will be the first corporate ETF bond to be launched in India. The details of companies in the ETF will be finalised later.

Bharat Bond ETF gets cabinet nod

Bharat Bond ETF is expected to create an additional source of funding for Central Public Sector Undertakings (CPSUs), Central Public Sector Enterprises (CPSEs), Central Public Financial Institutions (CPFIs) and other government organisations. Bond ETF will provide safety, liquidity and predictable tax efficient returns, the government said.

Dharmendra Pradhan hopes coming Budget will signal inclusion of ATF, natural gas in GST

When the Goods and Services Tax (GST) was introduced on July 1, 2017 amalgamating 17 central and state levies, five commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of its purview given the revenue dependence of state governments on this sector.

Bond ETF comes at right time; investors shifting to index-based products globally: Jason Giordano, S&P DJI

Move to generate more participation and grow debt market, says Jason Giordano of S&P DJI.

Nirmala Sitharaman seeks Parliament nod for additional spending of Rs 21,246 crore

The Finance Minister sought Parliament nod for additional spending of Rs 21,246.16 crore, including over Rs 8,820 crore for the newly formed union territories of Jammu and Kashmir and Ladakh, in the first batch of supplementary demands. Of this, the net cash outgo will be Rs 18,995.51 crore, she said in the statement tabled in the Lok Sabha here.

State governments not keen to levy GST on exempted goods

“Goods on the exempted list are mass-consumption items. No state will agree to include them,” said the finance minister of a BJP-ruled state. West Bengal FM Amit Mitra also dismissed the GST Council secretariat’s suggestion for a review of the exempted items. The secretariat had shot off a letter to states seeking a revision of exempted items.

What’s in it for you: 10 things to know about bond ETFs

​The Bharat Bond ETF aims to provide funds to CPSEs and other government organizations.

Growth may have come down but its not a recession, says Nirmala Sitharaman in Rajya Sabha

Replying to a debate in the Federal chamber, Finance Minister Nirmala Sitharaman put forward a number of macro-economic data comparing period between UPA-2(2009-2014) and NDA-1(2014-2019). Presenting the figures, she reminded the opposition that the economic recovery is as much based on perception as it is based on governmental intervention.Growth may have come down but its not a recession, says Nirmala Sitharaman in Rajya Sabha

No unparliamentary language: Rajnath

Defence minister Rajnath Singh has cautioned BJP MPs against using unparliamentary language in the House, after BJP MPs expressed strong displeasure at Adhir Ranjan Chowdhury’s ‘nirbala’ barb at finance minister Nirmala Sitharaman

Bharat Bond ETF is coming soon. What’s in it for mutual fund investors?

Finance minister Nirmala Sitharaman announced today that the cabinet has approved the launch of Bharat Bond ETF.

Assess core strengths before scaling up operations: Nirmala Sitharaman to banks

"Institutions like banks should understand their core strengths and offer benefits to people like providing value- added features like phone banking facilities or rolling out of chat bots to serve customers and should not take up unnecessary scaling up of operations", Finance Minister Nirmala Sitharaman said.

Talking to credit rating agencies on risk assessment: Nirmala Sitharaman

Sitharaman said banks are going a churn in assessing risk in order to ensure their functioning is smoother. She underscored the need for banks to evaluate how much store is set by the ratings of the Credit Rating Agencies and urged financial institutions to ensure their internal assessments of credit risk also play a role.

RCEP offer was not as much as our aspirations: Finance Minister Nirmala Sitharaman

Government was taking efforts to ensure more regulatory mechanism in the banking sector to benefit bank account-holders, she said in the context of the PMC Bank and IL&FS issues. India took the call not to the join RCEP despite spending considerable amount of time on the negotiating table, she said addressing the 6th G Ramachandran Memorial Lecture.

Only up to Rs 1 lakh, not all money, insured in banks: RBI-owned subsidiary

Finance Minister Nirmala Sitharaman last month said the government plans to bring in legislation on raising the insurance cover on bank deposits from the current Rs 1 lakh during the winter session of Parliament.

Corporate revenues contract 0.9 per cent in Q2: Report

An analysis of the second quarter financial results of 609 companies in the Indian corporate sector (excluding financial sector entities) by Icra showed a year-on-year (y-o-y) and sequential contraction in revenues for the first time in almost four years. ​​Aggregate revenues contracted by 0.9% on a y-o-y basis.

FM: More reforms to make India better investment destination

The government has taken various steps, including reduction of corporate tax, she said at the India-Sweden Business Summit here. "I only can invite and assure that the government of India is committed for further reforms in various sectors — whether it is banking, mining or insurance and so on," she said.

RBI keeps rates unchanged due to inflation pressure, lowers growth estimate again

The six-member monetary policy committee (MPC) vote was unanimous, RBI said in a release.

Indian government's loan bonanza seen a temporary salve and a long-term pain

Reviving a practice not used in three decades, India's government in September ordered state-run banks to hold more than 400 loan "melas" or fairs across the country over the following month - a measure aimed at boosting economic growth at six-year lows and lending growth at its weakest in three years.

Finance Minister Nirmala Sitharaman introduces Bill in Lok Sabha to cut corporate tax

The Taxation Laws (Amendment) Bill, 2019 will replace the Taxation Laws (Amendment) Ordinance, 2019, promulgated on September 20, 2019, to cut the base corporate tax rate to 22 per cent from 30 per cent. Also, the International Financial Services Centres (IFSCs) Authority Bill, 2019, that provides for creation of a unified financial regulator for IFSCs was introduced.

PSBs disburse Rs 2.4 lakh crore credit in November

A government release said the programme announced in September was meant to improve credit delivery “with particular focus on MSMEs, NBFCs, corporates, retail and agriculture sector borrowers, without compromising prudential lending”.

Modi considers easing foreign control rule to aid Air India sale

The govt may tweak "substantial ownership and effective control” clause that's keeping foreign suitors at bay.

Govt says no proposal to reduce taxes on petrol, diesel

Sitharaman has also clarified that currently no new tax on petrol and diesel is being considered.

State FMs appeal to Nirmala Sitharaman for release of GST compensation

Finance ministers of 5 states made a joint appeal to the Union Finance Minister Nirmala Sitharaman demanding the release of GST compensation.State FMs appeal to Nirmala Sitharaman for release of GST compensation

Market Movers: What changed for D-Street while you were sleeping

DIIs were net buyers to the tune of Rs 754 crore, data suggests.

GST structure to be reviewed on revenue concerns

Move comes against the backdrop of states complaining about Centre delaying compensation payments.

Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates

Replying to a debate on the legislation, Sitharaman said a negative list of activities that do not constitute manufacturing has been created and will not be eligible for the lower 15 per cent tax rate for manufacturing firms that are set up after October 1 and that begin operations by 2023.

Rupee firms up by 13 paise against dollar

The local unit settled for the day at 71.53 against the US dollar, higher by 13 paise over its previous closing.

78% depositors of PMC Bank can withdraw entire deposits: Government

The minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with the money obtained. Sitharaman said the Rs 50,000 withdrawal ceiling for depositors continues but for scenarios like marriage, education, livelihood and other "hardships", the withdrawal limit if Rs 1 lakh.

ET Awards: Evening that set agenda for GoI & India Inc

What made Saturday evening special was that the political heavy hitters spoke candidly on issues that mattered most to industry heavy hitters, the latter responded, and through this lively discussion the event virtually became an agenda setter for the government and India Inc.

ET Awards: India is still the fastest-growing major economy, says Vineet Jain

While global issues like the US-China trade war and fears of a recession in Europe have cast a shadow over the bright prospects in India, the country is still the fastest-growing major economy in the world, Vineet Jain said at The Economic Times Awards. Jain said he expects the government to continue its reforms and clear any doubts people had on that front.

FM Nirmala Sitharaman holds meeting to ease process of filling GST forms

Union Finance Minister Nirmala Sitharaman, on November 16 held a meeting with Rajasthan Tax Consultants' Association, ICAI, CAIT and Laghu Udyog Bharti to address concerns raised on the process of filling Goods and Services Tax (GST) forms and make them more user friendly.FM Nirmala Sitharaman holds meeting to ease process of filling GST forms

Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman

Sitharaman says the strategic sale of Air India and BPCL will be wrapped up by March

India Inc’s toughest and smartest to be recognised at ET Awards 2019

Top policymakers will address an audience chock-a-block with India Inc’s most influential on matters like national security and global economic engagement

Cabinet approves import of 1.2 lakh tonnes onion: Finance Minister Nirmala Sitharaman

The move comes after the government's various efforts to boost the domestic availability failed to cool down the retail prices significantly. Retail prices of onions are continuing to rule above Rs 60/kg in Delhi. Onion prices have come under pressure due to 26 per cent fall in the production to 52.06 lakh tonnes during the kharif output late-kharif seasons of 2019-20.

ET Awards 2019: Raising a toast to India Inc’s best and brightest

Amit Shah, Nirmala Sitharaman and Piyush Goyal to address the audience at India’s premier corporate awards i.e. 2019 edition of the Economic Times Awards for Corporate Excellence. Shah, Sitharaman and Goyal form a speaker lineup that’s tough to beat at a time when India is looking for answers on national security and growth .

I want all telcos to flourish, says FM Nirmala Sitharaman

"I want no company to shut operations. I want everyone to be up and running," the finance minister said.

Nirmala Sitharaman rules out quick recovery for Indian economy

FM said it’s too soon to say whether India would be able to stick to fiscal deficit targets.

How to make the FRDI bill more effective

The new Act should consider keeping its ripple effects on other laws to the minimum.

Tax rate cut aimed at attracting investments: Finance Minister

Nirmala Sitharaman said the move will help attract investment from multinationals looking to shift operations from China in view of its trade war with the US. The finance minister also ruled out lowering tax rate for limited liability partnerships or partnership firms, saying their structure was different from a corporate vehicle.

Government plans to invest $1.39 trillion in infrastructure to spur economy

India's economic growth slowed to 4.5% in the July-September quarter - its weakest pace since 2013.

ET Awards 2019: Nirmala Sitharaman and Piyush Goyal to address powerpacked industry audience

From revival measures to RCEP, from tax changes to trading rules for eCommerce, Sitharaman & Goyal are two ministers in the Modi cabinet whose decisions have made headlines and impacted bottom lines. In less than a fortnight, business leaders will get the opportunity to listen to these two policymakers, who directly influence the country's policy changes.

Transfer of surplus money from RBI in future to depend on income, expert panel suggestions: Nirmala Sitharaman

The surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said in a written reply to Lok Sabha.

Middle class may gain from lower tax rates in Budget FY21

Sources said that the Budget 2020-21 will take the sops announced in the pre-election interim budget further by changing the personal income tax rates for the salaried in lower and middle income groups. This may be done through changes in the tax slabs.

People from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman

Commenting on her decision to slash corporate tax, the finance minister said that the industry has told her that the decision was taken at the right time and that it has made a big difference to their books. She said that the decision was announced on September 20 and industry will take time in announcing major investment decisions.

Dalal Street expects another 25 bps RBI rate cut: Poll

Since January, the RBI has cut the repo rate by 135 basis points.

ET Awards 2019: Time to take some decisive steps, say industry captains

Union home minister Amit Shah along with finance minister Nirmala Sitharaman and minister for railways and commerce Piyush Goyal tried to calm the nerves, a day after government data showed that economic growth had slowed down to 4.5% for the July-September 2019 quarter, the slowest growth recorded in over six years, and had slipped below 5% for the first time.

Window for stalled housing projects to open in two months: Economic Affairs Secretary

"We hope to welcome the new year with the first disbursal of the Special window for stalled housing projects which will be operational in 2 months," Economic Affairs Secretary Atanu Chakraborty said on Friday.

Don't want any company to shut operations: Nirmala Sitharaman says will address concerns of Telecom Sector

NEW DELHI: The government doesn’t want any phone companies shutting down and is looking at support that can be given to the debt-laden telecom sector that’s been saddled with additional dues on account of last month’s Supreme Court ruling on adjusted gross revenue (AGR).“I want no company to shut operations,” finance minister Nirmala Sitharaman said on Friday in response to a query on the telecom sector. “I want all companies to flourish & serve their customers.”Don't want any company to shut operations: Nirmala Sitharaman says will address concerns of Telecom Sector

4 real estate companies from three cities requests to avail bailout fund: Nirmala Sitharaman

Earlier this month, the government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects, including ones that have been declared NPAs or admitted for insolvency proceedings in a bid to boost growth by steering consumption in real estate and associated sectors.

4 real estate companies from three cities requests to avail bailout fund: Nirmala Sitharaman

Earlier this month, the government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects, including ones that have been declared NPAs or admitted for insolvency proceedings in a bid to boost growth by steering consumption in real estate and associated sectors.

Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman

FM said the government will bring legislations on raising bank deposit cover from the current Rs 1 lakh.

Jio boxed into corner; CII, FICCI join cause to seek relief for telcos

In an apparent attempt to counter billionaire Mukesh Ambani-run Jio's narrative on the issue, rival industry associations CII and FICCI have closed ranks and written to Finance Minister Nirmala Sitharaman seeking relief for telecom companies.

Govt to seek NABARD's help for procuring farm produce in J&K: Nirmala Sitharaman

"Now I'm ensuring that I will take the chairman of NABARD to J&K even if it's winter now because I want ... the next crop of saffron, peaches and walnuts and other agri produce of J&K to get that kind of support which through NABARD the central government can extend to Jammu and Kashmir," said Finance Minister Nirmala Sitharaman.

Corporate frauds see a massive surge: SBI

The April–November period this year recorded 200 times more frauds compared to entire FY18.

States should dismantle APMCs, adopt eNAM for farmers' benefit: Nirmala Sitharaman

e-NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.

Now, FM Nirmala Sitharaman hints at booster dose for real estate sector

The government and Reserve Bank are working to resolve the issues being faced by realty sector. Admitting that realty sector has been left out of the booster measures announced earlier, she said the sector has a spillover effect on many sectors, especially the core sector.

Will Hindalco, Bharti Airtel lead the next Nifty rally?

The open interest of star performers like RIL and HDFC Bank remained same for the last few days.

ET Awards: Bold steps putting India on track, not creating fear, says Home Minister

Speaking at the ET Awards for Corporate Excellence on Saturday evening, Shah said the government has shown the ability to take hard decisions that had become essential to lay the foundation for the long-term development of the country

ET Awards: Modi government always ready to help industry, says Home Minister Amit Shah

Home Minister Amit Shah, FM Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal seek industry’s support and suggestions, and promise govt will listen to them. Shah also asked industry to engage with ministers and regulators to resolve problems. Sitharaman hinted at a big package of infrastructure projects soon

ET Awards 2019: We’re willing to hear, react & intervene when necessary, says Sitharaman

The Union finance minister said the government is working with states to further rationalise Goods and Services Tax (GST) rates and will announce major infrastructure projects to provide an investment boost by the middle of December.

Severe slowdown: When will the Indian economy recover and how?

India’s GDP growth dropped to 4.5% in Q2, a free fall from govt’s call for a double-digit growth.

ET Awards 2019: Government responded in time to developments in September quarter, says Sitharaman

The September quarter saw growth slip to a six-year low of 4.5 per cent.

Have a house in a stalled project? Here's all you need to know about Nirmala Sitharaman's realty fund

Last week, FM Nirmala Sitharaman had a bunch of relief-laden announcements to make for the stressed real estate sector. The cabinet approved a Rs 25,000-crore special window to provide funding to housing projects that are stuck, with the aim of reviving the key sector, providing a boost to the economy and bringing relief to home-buyers. Watch now.Have a house in a stalled project? Here's all you need to know about Nirmala Sitharaman's realty fund

FM's remarks on economy disappointing in extreme: Yashwant Sinha

Yashwant Sinha said the root cause of the current economic crisis is "death of demand" in the country. He alleged that the government ignored the agriculture distress in the country. Sinha also raised questions over the data for calculating GDP numbers. He added that companies after companies are facing bankruptcy and the govt has stated that it would have to close Air India.

Nirmala Sitharaman's real estate fund: Everything a home buyer should know

According to FinMin's FAQs, the focus of the Special Window is on mid and affordable segment. "However, alleviating the stress for developers in this segment may have indirect benefits for the entire real estate sector including luxury segment."

Not through bonds, only cash, says C Rangarajan on banks recapitalisation

Rangarajan comments assume significance as Finance minister Nirmala Sitharaman, in August, announced upfront capital infusion of Rs 70,000 crore into public sector banks, a move aimed at boosting lending and improving liquidity situation.

NPA, NCLT-referred housing projects applicable for funding, says FM Nirmala Sitharaman

The two earlier conditions that, a project should not be NPA and non NCLT can only benefit, has been withdrawn. Even if a project has been declared Non Performing Asset but liquidation has not been announced it will be eligible for this provision: FM Nirmala SitharamanNPA, NCLT-referred housing projects applicable for funding, says FM Nirmala Sitharaman

Govt approves Rs 25,000 cr fund to complete stalled housing projects: Nirmala Sitharaman

The government on Wednesday approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects, including ones that have been declared NPAs or admitted for insolvency proceedings, as it looks to boost growth by steering consumption in real estate and associated sectors. The move is likely to help 4.59 lakh housing units across the country.Govt approves Rs 25,000 cr fund to complete stalled housing projects: Nirmala Sitharaman

FM Nirmala Sitharaman chairs meeting of NIIF's governing council

The NIIF is operationalised by establishing three alternative investment funds (AIFs) under the Sebi regulations. The proposed corpus of NIIF is Rs 40,000 crore (around USD 6 billion).

CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart

​​​The Confederation of All India Traders (CAIT) wrote to the finance minister alleging that e-commerce companies, including Amazon and Flipkart, were selling various products on their platforms at a price much lower than fair market value. It also said that their act is in utter disregard of the provisions of FDI policy and causing tax loss.

Govt working with RBI to tweak existing laws to help real estate sector: Nirmala Sitharaman

Finance minister Nirmala Sitharaman while addressing media at the silver jubilee celebration of NSE said that govt is working with RBI to address issues facing realty sector. Govt working with RBI to tweak existing laws to help real estate sector: Nirmala Sitharaman

Cabinet okays bill to grant ownership rights to residents of Delhi's unauthorised colonies

The decision to grant ownership rights was taken by the Cabinet recently, and on Wednesday it cleared the bill which is to be introduced during in the ongoing Winter session of Parliament. The proposal is applicable to 1,797 identified unauthorised colonies spread over 175 square-km of the national capital inhabited by people from lower income groups.

India's economy seen growing at 4.7% in September quarter

The median of a Reuters poll of economists showed annual growth in GDP of 4.7% in September quarter.

Finance Ministry wants RBI to take over stressed assets of NBFCs

FinMin and RBI are discussing a new scheme to unburden stressed assets from top 25 NBFCs.

Supreme Court's AGR ruling will lead to telecom sector's collapse: FICCI to FM

FICCI in a letter to Nirmala Sitharaman seeking her urgent intervention to resolve woes in the telecom sector said the debt-ridden industry has no appetite left to invest in networks and future technologies while businesses across the world are exploring new opportunities around emerging technologies like 5G, AI and internet of things.

Merger of PSU banks going smoothly: Nirmala Sitharaman

On the merger of banks, everything is going smoothly, the bank boards have all been on board, they have taken the necessary steps to keep that process going smoothly: Finance Minister Nirmala Sitharaman in Delhi.Merger of PSU banks going smoothly: Nirmala Sitharaman

The current economic slump has another side to it

The new consumer behaviour of renting items has, according to experts, hit the economy.

Education received major chunk of CSR spend by corporates: Government

The CSR activities taken up by the companies relate to various sectors including education, healthcare, sanitation, environmental sustainability, poverty alleviation and skill development.

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