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Also units with turnover up to Rs 5 crore to be called micro units, she said, adding a turnover based criteria is being introduced to define small businesses.(Ramesh Pathania/ HT)

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs

New Delhi | By Press Trust of India
UPDATED ON MAY 13, 2020 05:11 PM IST
This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.
The direction in which the economy goes will depend on the reforms that follow this budget(Ajay Aggarwal/HT PHOTO)
The direction in which the economy goes will depend on the reforms that follow this budget(Ajay Aggarwal/HT PHOTO)

Given existing constraints, the FM did her best. Now, continue to push reforms over the year

By Ila Patnaik
PUBLISHED ON FEB 01, 2020 10:16 PM IST
The FM has been transparent about the fiscal deficit. The effort to improve the credibility of numbers is welcome
The 30-share key BSE index zoomed 1,921.15 points or 5.32 per cent to close at 38,014.62. During the day, it advanced 2,284.55 points to 38,378.02, its biggest intra-day spike in over a decade.(HT image)
The 30-share key BSE index zoomed 1,921.15 points or 5.32 per cent to close at 38,014.62. During the day, it advanced 2,284.55 points to 38,378.02, its biggest intra-day spike in over a decade.(HT image)

Investors become richer by nearly Rs 7 lakh cr in a day on FM’s tax booster

New Delhi | By Press Trust of India
UPDATED ON SEP 20, 2019 05:50 PM IST
The bull market led the market capitalisation of the BSE-listed companies to soar Rs 6,82,938.6 crore to Rs 1,45,37,378.01 crore in single day.
Nirmala Sitaraman said the slowdown in the automobile sector was due to many factors like the change in mindset of millennials.(ANI photo)
Nirmala Sitaraman said the slowdown in the automobile sector was due to many factors like the change in mindset of millennials.(ANI photo)

Decline in bus sales as millennials not buying them?: Cong’s dig at Sitharaman

New Delhi | By Press Trust of India
UPDATED ON SEP 11, 2019 03:32 PM IST
The Congress, in a tweet, also attacked the government over a media report claiming that crores of stocks in investor wealth has been wiped off in the first 100 days of the Modi government’s second term.
The National Democratic Alliance (NDA) government will seek fiscal consolidation without compromising on public spending, finance minister Nirmala Sitharaman said on Wednesday.(PTI)
The National Democratic Alliance (NDA) government will seek fiscal consolidation without compromising on public spending, finance minister Nirmala Sitharaman said on Wednesday.(PTI)

Economic growth, national security are priorities: FM

New Delhi | By HT Correspondent
PUBLISHED ON JUL 10, 2019 11:49 PM IST
Replying to a debate on the budget in the Lok Sabha, Sitharaman said there had been an increase in the allocation for almost every welfare programme targeted at sections ranging from women to scheduled castes and tribes.
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets. It prompted the government to seize control of the non-banking lender.(HT Photo)
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets. It prompted the government to seize control of the non-banking lender.(HT Photo)

Govt, RBI monitoring NBFC crisis : FM Nirmala Sitharaman

New Delhi | By HT Correspondent
UPDATED ON JUL 06, 2019 11:56 PM IST
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets.
Finance Minister Nirmala Sitharaman on Friday said KYC norms would be eased for foreign portfolio investors and proposed allowing the listing of social enterprises and voluntary organisations to help them raise funds.(ANI Twitter)
Finance Minister Nirmala Sitharaman on Friday said KYC norms would be eased for foreign portfolio investors and proposed allowing the listing of social enterprises and voluntary organisations to help them raise funds.(ANI Twitter)

Budget 2019: ‘KYC norms for FPIs to be eased’, says Nirmala Sitharaman

New Delhi | By Press Trust of India
UPDATED ON JUL 05, 2019 12:41 PM IST
Presenting her maiden budget, she also said steps need to be taken to bring capital markets closer to the people and proposed raising the threshold for minimum public shareholding from 25 per cent to 35 per cent.
Nirmala Sitharaman presents Union Budget 2019 in Parliament(ANI)
Nirmala Sitharaman presents Union Budget 2019 in Parliament(ANI)

Govt considering opening up FDI in aviation, media:Union Budget 2019

Hindustan Times, New Delhi | By Bloomberg
UPDATED ON JUL 05, 2019 12:34 PM IST
PM Modi’s government proposed easing rules for foreign investors, while pledging to boost infrastructure spending to help spur growth in the economy
Finance Minister Nirmala Sitharaman Friday said the NDA government had set the ball rolling for a ‘New India’ in its first term and programmes will be accelerated and red tape reduced going forward.(ANI Twitter)
Finance Minister Nirmala Sitharaman Friday said the NDA government had set the ball rolling for a ‘New India’ in its first term and programmes will be accelerated and red tape reduced going forward.(ANI Twitter)

‘We have set the ball rolling for new India’: Sitharaman in Budget speech

New Delhi | By Press Trust of India
UPDATED ON JUL 05, 2019 11:34 AM IST
Forex traders said rupee slipped marginally against the US dollar as market participants awaited cues from the Union Budget to be presented in the Parliament Friday.
While the party leadership can convey broad policy directions, the role of the FM in translating these into proposals, schemes, and a coherent direction for the economy is important.(Ravi Choudhary/HT PHOTO)
While the party leadership can convey broad policy directions, the role of the FM in translating these into proposals, schemes, and a coherent direction for the economy is important.(Ravi Choudhary/HT PHOTO)

The new FM will have to hit the ground running

By Ila Patnaik
UPDATED ON MAY 30, 2019 08:50 AM IST
Other than the upcoming Union budget, s/he also has to achieve long-term goals through short-term changes.
Union Finance Minister Piyush Goyal arrives at North Block to present the Union Budget at the Parliament, in New Delhi, Friday.(PTI)
Union Finance Minister Piyush Goyal arrives at North Block to present the Union Budget at the Parliament, in New Delhi, Friday.(PTI)

Budget 2019: FM announces mega pension scheme for unorganised sector

HindustanTiems, New Delhi | By HT Correspondent
UPDATED ON FEB 01, 2019 02:42 PM IST
Congress leaders Ghulam Nabi Azad, Kapil Sibal, D. Raja (MP Rajya Sabha), K. T. S. Tulsi (MP Rajya Sabha) and others address the media after an all party meet at Constitution Club, in New Delhi, India, on Friday, April 20, 2018.(Sushil Kumar/HT PHOTO)
Congress leaders Ghulam Nabi Azad, Kapil Sibal, D. Raja (MP Rajya Sabha), K. T. S. Tulsi (MP Rajya Sabha) and others address the media after an all party meet at Constitution Club, in New Delhi, India, on Friday, April 20, 2018.(Sushil Kumar/HT PHOTO)

Manmohan, Chidambaram deliberately not involved in CJI removal process: Congress

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 21, 2018 07:30 AM IST
The Congress was responding to a suggestion that Singh was not enthusiastic about the move and had therefore not signed the notice submitted on Friday to the chairman of the Rajya Sabha, Vice-President Venkaiah Naidu.
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