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Finance minister Nirmala Sitharaman said the government is filling the supply-level gaps.(PTI File Photo)

HTLS 2020: Economy witnessed consistent recovery in last two months, says finance minister Nirmala Sitharaman

By hindustantimes.com | Edited by: Amit Chaturvedi | Hindustan Times, New Delhi
UPDATED ON DEC 04, 2020 06:50 PM IST
HTLS 2020: Nirmala Sitharman talked about the state of the economy, what the government is doing to control the inflation and when can proper recovery begin.
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CPI(M) general secretary Sitaram Yechury said in a tweet that the latest announcement was a gimmick.(Amal KS/Hindustan Times photo)
CPI(M) general secretary Sitaram Yechury said in a tweet that the latest announcement was a gimmick.(Amal KS/Hindustan Times photo)

‘Measly compared to other major economies’: CPI(M) slams new stimulus package

By Press Trust of India | Posted by Nilavro Ghosh | New Delhi
PUBLISHED ON NOV 13, 2020 08:06 PM IST
“The reality is that the sum total of direct extra governmental expenditures is, by liberal estimates, Rs 3,72,295 crore or a mere 1.9% of the GDP,” the CPI(M) said in a party statement.
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A medical staff member is seen in the Intensive Care Unit (ICU) where patients suffering from the coronavirus disease are treated at the Melun-Senart hospital, near Paris, France.(REUTERS)
A medical staff member is seen in the Intensive Care Unit (ICU) where patients suffering from the coronavirus disease are treated at the Melun-Senart hospital, near Paris, France.(REUTERS)

France may reverse bookstore closures amid lockdown anger

By Bloomberg | Posted by Mallika Soni | Paris
PUBLISHED ON NOV 02, 2020 04:07 PM IST
France went into a second national lockdown on Friday as a surge in cases risks overwhelming the health system.
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Finance Minister Nirmala Sitharaman participates in the 10th India-UK Economic and Financial Dialogue, through video conferencing, New Delhi, October 28(ANI)
Finance Minister Nirmala Sitharaman participates in the 10th India-UK Economic and Financial Dialogue, through video conferencing, New Delhi, October 28(ANI)

The deepening of economic bond between India, UK | Opinion

By Jan Thompson
UPDATED ON NOV 01, 2020 10:31 PM IST
Through this raft of new initiatives and so much more besides — including joint investment of up to £8 million to lead pioneering research on Covid-19 — the UK and India are truly setting out a stretching economic agenda.
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The focus of the government is on public spending to boost economic activity, Sitharaman said(ANI)
The focus of the government is on public spending to boost economic activity, Sitharaman said(ANI)

India’s growth this year will be negative or near zero, says finance minister Nirmala Sitharaman

By Press Trust of India | Posted by Nilavro Ghosh | New Delhi
PUBLISHED ON OCT 27, 2020 06:13 PM IST
Speaking at the India Energy Forum of CERAWeek, she said there was a “very firm lockdown” imposed beginning March 25 as the government put lives before livelihood.
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The interest rate will be very reasonable, finance minister Nirmala Sitharaman has assured the states.(PTI)
The interest rate will be very reasonable, finance minister Nirmala Sitharaman has assured the states.(PTI)

How Centre borrowing Rs 1.1 lakh crore will impact states, Nirmala Sitharaman explains in a letter

By hindustantimes.com | Edited by Poulomi Ghosh | Hindustan Times, New Delhi
UPDATED ON OCT 16, 2020 03:42 PM IST
“I am well aware of the financial difficulties that the states are facing,” the finance minister wrote.
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Indian Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi.(AP)
Indian Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi.(AP)

Door still open for states, says govt on GST dues row

By HT Correspondents | Hindustan Times, New Delhi
UPDATED ON OCT 14, 2020 05:49 AM IST
The finance ministry functionary, who asked not to be named, added that while the government will discuss any workable proposal the nine states bring at the Goods and Services Tax (GST) Council with an open mind, it cannot stop 22 other states from borrowing from the market against their future compensation cess dues.
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Finance Minister Nirmala Sitharaman arrives at her office before leaving for parliament to present the federal budget in New Delhi.(REUTERS/ File photo)
Finance Minister Nirmala Sitharaman arrives at her office before leaving for parliament to present the federal budget in New Delhi.(REUTERS/ File photo)

No consensus on GST; 21 states can start borrowing

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON OCT 13, 2020 04:40 AM IST
Briefing reporters after the meeting, council chairperson and Union finance minister Nirmala Sitharaman late on Monday said: “We were not able to arrive at a consensus.”
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Maharashtra CM Uddhav Thackeray(ANI)
Maharashtra CM Uddhav Thackeray(ANI)

News updates from Hindustan Times: After massive outage, power restored in most parts of Mumbai and all the latest news

By hindustantimes.com | Hindustan Times, New Delhi
UPDATED ON OCT 12, 2020 05:07 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
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The panel will meet again on October 12 to thrash out the state compensation issue, Finance Minister Nirmala Sitharaman said after a marathon eight-hour meeting.(Ajay Aggarwal/HT PHOTO)
The panel will meet again on October 12 to thrash out the state compensation issue, Finance Minister Nirmala Sitharaman said after a marathon eight-hour meeting.(Ajay Aggarwal/HT PHOTO)

States should stand firm, reject Centre’s options on GST compensation cess: Chidambaram

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON OCT 06, 2020 03:23 PM IST
At its meeting on Monday, the GST Council failed to reach a consensus on ways to compensate the states for the loss of tax revenue.
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The finance ministry has not passed any new order on dearness allowance hike.(PTI)
The finance ministry has not passed any new order on dearness allowance hike.(PTI)

Dearness allowance: Has DA hike suspension order been withdrawn? Centre clarifies

By hindustantimes.com | Edited by Poulomi Ghosh | Hindustan Times, New Delhi
UPDATED ON SEP 30, 2020 09:27 PM IST
The Centre has not withdrawn its earlier order of DA hike suspension. Government employees and pensioners will continue to get their DA at 17 per cent rate of their basic pay, or pension, instead of 21 per cent.
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Finance minister Nirmala Sitharaman refused to get into a guessing game on this year’s GDP.(PTI File Photo)
Finance minister Nirmala Sitharaman refused to get into a guessing game on this year’s GDP.(PTI File Photo)

Not being risk-averse in face of Covid-19 crisis: FM Nirmala Sitharaman

By R Sukumar | Hindustan Times, New Delhi
UPDATED ON SEP 29, 2020 04:58 AM IST
Nirmala Sitharaman said that while the decline in GDP in the first quarter of 2020-21, at 23.9%, has been substantial, she does not want to conclude anything about the entire year’s number just yet.
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Finance Minister Nirmala Sitharaman in the Lok Sabha during the ongoing Monsoon Session of Parliament, amid the coronavirus pandemic, in New Delhi.(PTI)
Finance Minister Nirmala Sitharaman in the Lok Sabha during the ongoing Monsoon Session of Parliament, amid the coronavirus pandemic, in New Delhi.(PTI)

‘Like this condescension’: Nirmala takes on Opposition over ‘Act of God’ remark

By Press Trust of India | Posted by Shankhyaneel Sarkar | New Delhi
UPDATED ON SEP 19, 2020 12:30 AM IST
Speaking in Lok Sabha, Sitharaman -- who is also the country’s first woman finance minister -- said her remark is being criticised also because she “looks like a neighbourhood aunty” and asserted that twisting her comment is irresponsible.
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The Reserve Bank of India (RBI) did not extend a moratorium on loan repayment by small and medium enterprises (MSMEs) that ended on August 31.(REUTERS)
The Reserve Bank of India (RBI) did not extend a moratorium on loan repayment by small and medium enterprises (MSMEs) that ended on August 31.(REUTERS)

Banks to roll out stressed loans resolution scheme by Sept 15

By Rajeev Jayaswal | Hindustan Times, New Delhi
PUBLISHED ON SEP 03, 2020 07:17 PM IST
Finance minister Nirmala Sitharaman asked banks and NBFCs to factor in Covid-19 related distress to assess creditworthiness of the borrowers when rolling out their resolution schemes for stressed borrowers.
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Finance Minister Nirmala Sitharaman addresses a press conference after presenting the Union Budget 2019-20, in New Delhi.(PTI)
Finance Minister Nirmala Sitharaman addresses a press conference after presenting the Union Budget 2019-20, in New Delhi.(PTI)

Income-tax officials must serve taxpayers as committed in the charter: Sitharaman

By Rajeev Jayaswal | Hindustan Times, New Delhi
PUBLISHED ON AUG 14, 2020 11:45 PM IST
The finance minister thanked revenue officials for their efforts in implementing the faceless assessment system to curb outreach by taxmen and urged them to work with the same zeal to accomplish the faceless appeal system, two key reforms in lines with the charter.
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Nirmala Sitharaman, Minister of Finance during the Hindustan Times Leadership Summit at Taj Palace in New Delhi.(Raj K Raj/HT PHOTO)
Nirmala Sitharaman, Minister of Finance during the Hindustan Times Leadership Summit at Taj Palace in New Delhi.(Raj K Raj/HT PHOTO)

Finance minister Nirmala Sitharaman directs PSUs to spend 50 per cent of Rs 1.24 crore capex by Sept 30

By HT Correspondent | Hindustan Times, New Delhi
PUBLISHED ON AUG 14, 2020 11:38 PM IST
The seven central public sector enterprises (CPSEs) belonging to ministries of shipping, road transport and highways; housing and urban affairs; defence; and communications have spent Rs 24,933 crore in the first four months of current financial year (FY), which is little less than 20% of the planned outlay, it said.
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Finance minister Nirmala Sitharaman thanked the PM for agreeing to launch the platform.(REUTERS)
Finance minister Nirmala Sitharaman thanked the PM for agreeing to launch the platform.(REUTERS)

PM Modi to launch platform to honour honest taxpayers

By HT Correspondent | Hindustan Times, New Delhi
PUBLISHED ON AUG 13, 2020 06:07 AM IST
A finance ministry spokesperson said the government has been implementing a series of tax reforms since last year when it had drastically reduced the corporate tax rate for existing and companies taking a hit of Rs 1.45 lakh crore.
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Morneau, 57, has been finance minister since the ruling Liberals took power in late 2015.(Reuters)
Morneau, 57, has been finance minister since the ruling Liberals took power in late 2015.(Reuters)

Canadian finance minister’s job appears unsure, markets fret over distraction

By Reuters | Posted by Prashasti Singh | Ottawa/Toronto
PUBLISHED ON AUG 11, 2020 09:52 PM IST
The Globe and Mail cited unnamed sources as saying Trudeau was uncertain whether Morneau was the right person to handle the recovery. Morneau was unhappy at how much money Trudeau wanted to spend to deal with the outbreak, it added.
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They said the raids are being conducted at 16 locations in Kashmir, Jammu, Delhi and Ludhiana.
They said the raids are being conducted at 16 locations in Kashmir, Jammu, Delhi and Ludhiana.

Bank fraud case: ED raids former J-K minister’s son Hilal Rather

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
UPDATED ON AUG 06, 2020 03:35 PM IST
The central probe agency has field a money laundering case against Hilal Rather and others, under the Prevention of Money Laundering Act (PMLA), taking cognisance of a CBI FIR and Income Tax Department probe against him and pertains to a Rs 177-crore alleged bank fraud scam.
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Union Finance Minister Nirmala Sitharaman said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector.(PTI)
Union Finance Minister Nirmala Sitharaman said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector.(PTI)

Govt to come out with strategic sectors list soon: Nirmala Sitharaman

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON AUG 01, 2020 04:40 PM IST
As part of the ‘Aatmanirbhar Bharat Abhiyan’ package, the finance minister in May had announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
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The payment of GST compensation to states became an issue after revenues from imposition of cess started dwindling since August 2019 and the Centre had to dive in to the excess cess amount collected during 2017-18 and 2018-19.(PTI)
The payment of GST compensation to states became an issue after revenues from imposition of cess started dwindling since August 2019 and the Centre had to dive in to the excess cess amount collected during 2017-18 and 2018-19.(PTI)

GST Council to discuss AG opinion on compensation: Nirmala Sitharaman

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON AUG 01, 2020 04:16 PM IST
The finance minister was responding to a question on apprehensions raised by certain states about the reported AG opinion on GST compensation.
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Canada's Minister of Finance Bill Morneau attends a news conference with Prime Minister Justin Trudeau in Ottawa, Ontario.(REUTERS)
Canada's Minister of Finance Bill Morneau attends a news conference with Prime Minister Justin Trudeau in Ottawa, Ontario.(REUTERS)

WE Charity controversy: Trudeau’s finance minister to be investigated

By Anirudh Bhattacharyya | Edited by: Shankhyaneel Sarkar | Hindustan Times, Toronto
UPDATED ON JUL 17, 2020 08:20 AM IST
WE Charity which was given the contract to administer a nearly one billion dollar programme was originally stated to be in line for a payment of CA $ 19.5 million, but that amount could have touched CA $ 43.53 million.
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The Union government on Wednesday released the fourth instalment of Rs 6,195.08-crore grant-in-aid to 14 states(Bloomberg)
The Union government on Wednesday released the fourth instalment of Rs 6,195.08-crore grant-in-aid to 14 states(Bloomberg)

Centre releases Rs 6,195 crore in grants for 14 states

By HT Correspondent | Hindustan Times, New Delhi
PUBLISHED ON JUL 09, 2020 03:56 AM IST
The 14 states include Andhra Pradesh, Assam, Kerala, Tamil Nadu and West Bengal among others.
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The total credit will be disbursed over four years, starting with an initial sanction of Rs 10,000 crore in the current financial year and Rs. 30,000 crore each in the next three fiscal years.(Virendra Singh Gosain/HT PHOTO)
The total credit will be disbursed over four years, starting with an initial sanction of Rs 10,000 crore in the current financial year and Rs. 30,000 crore each in the next three fiscal years.(Virendra Singh Gosain/HT PHOTO)

Cabinet approves agri fund, rental scheme for migrants

By HT Correspondent s | Hindustan Times, New Delhi
UPDATED ON JUL 09, 2020 01:20 AM IST
Finance minister Nirmala Sitharaman announced both plans in May as part of the Rs 20 lakh crore economic stimulus and relief package announced by Prime Minister Narendra Modi to fight the slowdown caused by the Covid-19 pandemic and the ensuing lockdown.
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It provides for an additional working capital loan at a concessional rate of interest to an existing borrower who is not a defaulter. . (EPA Photo)
It provides for an additional working capital loan at a concessional rate of interest to an existing borrower who is not a defaulter. . (EPA Photo)

PSBs disburse Rs 56,091 crore in credit to MSMEs

By HT Correspondents | Hindustan Times, New Delhi, New Delhi
PUBLISHED ON JUL 08, 2020 05:41 AM IST
The Rs 3 lakh crore emergency credit facility was announced by the finance minister on May 13 as a part of the Aatmanirbhar Bharat Abhiyan.
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Chief Economic Adviser Krishnamurthy V Subramanian says growth levels will reach 7-8%.(Mint Archives)
Chief Economic Adviser Krishnamurthy V Subramanian says growth levels will reach 7-8%.(Mint Archives)

CEA sees V-shaped recovery if Covid-19 is contained

By Bloomberg | Posted by: Shankhyaneel Sarkar
UPDATED ON JUN 23, 2020 01:48 PM IST
Krishnamurthy Subramanian also said that measures taken by the Centre will uplift the economy.
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New Delhi: Union Finance Minister Nirmala Sitharaman was addressing members of the PHD Chamber of Commerce through a video conference here.(PTI)
New Delhi: Union Finance Minister Nirmala Sitharaman was addressing members of the PHD Chamber of Commerce through a video conference here.(PTI)

Will ensure banks pass on rate cut benefits to consumers: FM to India Inc

By Press Trust of India | New Delhi
UPDATED ON JUN 19, 2020 07:58 PM IST
Last month, the RBI slashed the benchmark repurchase (repo) rate, the price at which banks borrow from the central bank, by 40 basis points to a historic low of 4 per cent.
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Union finance minister Nirmala Sitharaman chaired the GST Council meeting through video conferencing from her office at North Block in New Delhi on Friday.(PTI File Photo)
Union finance minister Nirmala Sitharaman chaired the GST Council meeting through video conferencing from her office at North Block in New Delhi on Friday.(PTI File Photo)

Small business gets GST compliance relief

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUN 13, 2020 08:16 AM IST
Finance minister Nirmala Sitharaman said the council has slashed the interest rate by half for non-compliance by small businesses having a turnover of up to Rs 5 crore. Small taxpayers who missed filing returns for February, March and April due to the pandemic will not be charged any interest till July 6.
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Podcast: Roshan Kishore on India’s flagging economy, the impacts of the lockdown, and the government’s policy response

By Hindustan Times
UPDATED ON MAY 27, 2020 07:49 AM IST
Two weeks ago, the Modi government announced a series of economic measures intended to get the Indian economy back on track after the country’s prolonged lockdown in the wake of the covid-19 crisis.
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The government had last week slashed TDS (tax deducted at source)/TCS (tax collected at source) rate for non-salary payments by 25% for the remaining months of the fiscal(Pradeep Gaur/Mint File Photo)
The government had last week slashed TDS (tax deducted at source)/TCS (tax collected at source) rate for non-salary payments by 25% for the remaining months of the fiscal(Pradeep Gaur/Mint File Photo)

Refunds worth Rs 26,242 crore processed since April 1, says tax department

By hindustantimes.com | Edited by: Amit Chaturvedi | Hindustan Times, New Delhi
UPDATED ON MAY 22, 2020 03:07 PM IST
Finance Minister Nirmala Sitharaman had announced a slew of measures to tide over Covid-19 crisis last week including slashing of TDS/TCS rate for non-salary payments by 25 per cent.
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