Finance Minister, RBI meeting on Tuesday to decide first-half borrowing plan for FY21
The meeting between the Finance Ministry and Reserve Bank of India (RBI) will be held through video conferencing for the first time as there is lockdown across the country. As per the Budget, the government plans to borrow Rs 5.36 lakh crore from the market in 2020-21, higher than the Rs 4.99 lakh crore estimated for the current financial year.
View: The finance minister’s Covid-19 relief package is helpful, but there are gaping holes in it
How are they supposed to feed themselves ...
Cellphone retailers appeals to Finance Minister requesting her not to raises taxes on mobile phones
"We strongly appeal to you to not increas...
Finance Minister to meet industrialists, trade associations to asses COVID-19 impact
Finance Minister Nirmala Sitharaman is set to meet industry and trade associations in New Delhi to assess the impact of coronavirus disease 19 (COVID-19) on Indian trade and industry. The viral outbreak comes at a time when the Indian economy is going through a difficult phase and the virus outbreak could make the slowdown worse.
G20 FMs, central bank governors decide on joint effort
The ministers decided on delivering a joint G20 Action Plan, which will outline the individual and collective actions that G20 has taken and will be taking to respond to the pandemic, while also highlighting the medium-term measures needed to support the global economy during and after this phase.
Ordinance promulgated to give effect to extension of time limits under Taxation and Benami acts
Extension of several time limits related to direct and indirect tax filings have been extended to June 30, so has the date for passing of order or issuance of notice by tax authorities under various direct taxes and Benami Law.
View: It is time for states to step up and provide the much-needed covid relief
GoI and RBI have responded by notifying certain measures. Finance minister Nirmala Sitharaman announced compliance forbearance under different tax laws, including a few tax payment deadlines.
Govt, RBI closely monitoring markets: Finance Minister
Indian market saw its biggest intra-day selloff in early session, wiping nearly Rs 12 lakh crore off investor wealth in less than 20 minutes of opening trade.
Banking services will continue unhindered during the lockdown: Nirmala Sitharaman
In a series of one-on-one calls with the heads of all major public sector banks (PSBs) and representatives of private banks, Sithraman said the banks were doing their best to ensure customer service without disruption, through social media on Saturday.
Finance Ministry urges Jan Dhan beneficiaries to follow schedule for withdrawal; avoid rush to banks
As per the schedule by Indian Banks' Association (IBA), women Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders having account number with last digit as 0 and 1 will get the money in their account on April 3, while account ending with 2 or 3 can approach the bank on April 4.
FM Nirmala Sitharaman asks banks for "quick transmission" of slashed interest rate as RBI cuts key lending rate
The Finance Minister welcomed RBI Governor Shaktikanta Das' statement that the macro economic fundamentals of the Indian economy are sound, and in fact stronger than what they were in the aftermath of the global financial crisis of 2008-09.
Fight against Covid-19: FM Sitharaman announces Rs 1.7 lakh crore 'PM Gareeb Kalyan Scheme'
Finance Minister Nirmala Sitharaman announced a massive Rs 1.70 lakh crore PM Garieeb Kalyan Scheme for those who need immediate help in the...
Budget 2020: Watch Finance Minister Nirmala Sitharaman's full speech
Budget 2020: Finance Minister Nirmala Sitharaman presented the longest-ever Union Budget 2020 speech in parliament as the government unveile...
There is no financial emergency, economic fears unfounded, says FM Nirmala Sitharaman
Sitharaman announced that the Economic Task Force will soon release a relief package to deal with the impact of the coronavirus pandemic on the economy. She also brought in a slew of measures in an effort to boost the economy, including extending tax deadlines, easing business rules, and waiving off bank charges.
India to announce fiscal package to help economy face coronavirus: Finance Minister
India has reported 482 cases of the coronavirus but health experts have warned that a big jump could be imminent.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service