INDIAN GOVERNMENT TO BRING IN MORE FDI IN DEFENCE MANUFACTURING

Highlights

• Finance Minister Nirmala Sitharaman said the foreign direct investment in India’s defence manufacturing will be increased to 74 percent from previous 49 percent

• The Government of India will work towards improving autonomy, efficiency and accounta...

INDIAN GOVERNMENT TO AMMEND ESSENTIAL COMMODITIES ACT

Highlights

• On the third consecutive day, FM Nirmala Sitharaman announced number of packages towards various farming activities

• Total 11 announcements were made today, out of which 8 were directed towards enhancing capacities of storages and 3 towards governance a...

AFTER MSMEs, INDIA’S ECONOMIC PACKAGE FOCUSES ON SELF-EMPLOYED & MIGRANT WORKERS

Following Prime Minister Narendra Modi’s announcement of economic package worth Rs 20 lakh crore, Indian Finance Minister Nirmala Sitharaman came on Wednesday and announced measures which focused on reviving MSMEs and small businesses. On Thursday, FM Sitharaman came with further breakup of...

INDIAN FINANCE MINISTER ANNOUNCES RS 3 LAKH CRORE COLLATERAL FREE LOANS FOR MSMEs

Highlights

• Indian Prime Minister Narendra Modi made an announcement of stimulus package worth Rs 20 lakh crore

• Finance Minister Nirmala Sitharaman gave a break up of the package announced by the PM

• Income tax filing date has been extended to Nove...

FM LOST COOL WHEN 30% ACCOUNTS OF TEA WORKERS WERE FOUND TO BE DEFUNCT IN FEB 2020

Highlights

• Video of Sitharaman blasting SBI Chairman goes viral
• SBI held SBI responsible for 30% defunct bank a/cs of tea-estate workers

One of the most deprived sections of the society in India today dwells in the tea estates of Assam in India. Assa...

Yes BANK MORATORIUM TO BE LOFTED SOON: ICICI, HDFC, AXIS & SBI TO INVEST

Highlights: 

• Cabinet approves RBI suggested reconstruction scheme for Yes Bank
• Moratorium might be lifted soon

Yes bank customers cam heave a sigh of relief as the moratorium on Yes bank is expected to be lifted very soon. The &...

THE UNION BUDGET 2020-21: HITS THAT WILL COUNT

Highlights

• It makes room for short, middle and long term developments
• Aims a boosting people’s incomes and enhancing their purchasing power
• Wants to encourage businesses to be “innovative, healthy and solvent with use of techno...

UNION BUDGET 2020: A FEW LOOKED FOR HIGHLIGHTS

Highlights

• Tax Slab deduction sees a trifle of a change
• Tax benefits for individuals as well as companies

In her opening address before presenting the Union budget 2020, Nirmala Sitharaman set the tone straight by stating that the p...

India has to do more to ease its credit crunch

According to economists, India desperately needs to find alternatives to the country's credit crunch, which is hitting industries and crippling employment in Asia's third-largest economy.

"The situation needs to be addressed on a priority basis," says Mahesh Singhi, th...

Department of telecommunications to contact FinMin, request sector relief

The Telecommunications Department will present the Ministry of Finance with the debt-ridden telecommunications industry's wish list early, a senior ministry source stated.

"In the first week of January, we will have structured meetings with the sector. We're going to see wh...

Would 'MARIE ANTOINETTE' Of The Economy of India Change It?

On a December morning when resistance individuals from Parliament addressed Indian fund serve Nirmala Sitharaman about the measures the administration was taking to battle the rising costs of onions, her appearance turned hateful. "I originate from a family that doesn't eat a lot of onio...

The RBI and the position

The position of RBI is at the top in this year and when it comes to the landing as well as the dependency of the Indian economy from the financial sector RBI is stopping the rates with such low rate cuts and as well as a corporate tax cut which was announced by Defence Minister Nirmala sitharaman...

Five state-owned Indian companies to buy stakes from the Government

As a part of the current Indian government’s privatization plan, to generate revenues and win invite foreign investors to the country, five state-owned companies to buy stakes from the government.

The finance minister of India, Miss Nirmala Sitharaman, announced that the governmen...

Budget 2020 to bring some significant changes soon

The banking and finance sector has fallen apart completely, and we have seen some significant changes in the industry as the nation of India is slowing down, and the global economic slowdown is only making the matter worse for the finances. The lack of attention and interest of the government to ...

Kotak says finance needs a revolution.

The nation has been failing in the finance sector, and there have been concerns rising, and we are seeing some significant names saying that the country is in trouble, and only recently the finance minister of India Nirmala Sitharaman has accepted that the country is in pain which was long denied...

Sale of assets to revive the finances.

The finances of the nation are failing and the government who was bullish before the last week about the strength of the finance sector of the nation has said that there is no immediate recovery of the economic growth of the nation, and we think that if they had admitted this first when there was...

Extend CSR reach to poor and North-East states: Sitharaman to India Inc

Corporate undertakings serve Nirmala Sitharaman on Tuesday admonished India Inc to grow its corporate social obligation reach to weak states like Jharkhand, Chattisgarh, Bihar, and the North East locale.

Valuing that organizations spent about Rs 13,000 crore a year ago under CSR, she sa...

Stock markets to grapple losses

Indian stock markets may trade largely steady on Friday amid firm global cues but September quarter earnings are expected to keep investors cautious. Asian shares and US stock futures rose on Friday after US President Donald Trump said he would meet with China’s top trade negotiator which h...

Work with the flaws says, finance minister

Finances in India are taking some huge hits and now the government is trying to make amends to the broken finance sector. Although no significant efforts are seen by the nation to aid its finances.

Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax, even ...